Form 4: Avnet CFO Kenneth Jacobson Reports Changes in Beneficial Ownership

Kenneth Jacobson, CFO of Avnet, Inc., reports a transaction involving the surrender of shares to cover taxes related to vesting Restricted Stock Units.

Summary

• On January 3, 2025, Kenneth Jacobson, the Chief Financial Officer of Avnet, Inc., surrendered 4,092 shares of common stock to cover taxes related to the vesting of Restricted Stock Units at a price of $52.28 per share.
• Following the transaction, Jacobson directly owns 55,764 shares of Avnet common stock.
• Jacobson also indirectly owns 23,830 shares through the K & A Jacobson 2014 Rev Trust.
• The reported holdings include shares underlying unvested Restricted Stock Units (24,102 shares) and Performance Stock Units (10,910 shares).
• Additionally, the holdings include shares acquired under Avnet's Employee Stock Purchase Plan: 50 shares on October 31, 2024 and 50 shares on November 29, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• Executive compensation packages often include stock options and restricted stock units, similar to those held by Kenneth Jacobson.
• The reporting requirements are consistent across companies listed on US exchanges, such as Avnet, Arrow Electronics, and other tech distributors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of stock ownership by an executive.

Key Dates