Form 4: Avnet CIO's Tax-Related Stock Disposition

Avnet's SVP and CIO, Chan Leng Jin, disposed of 2,216 shares of common stock to cover tax obligations related to RSU vesting.

Summary

• Chan Leng Jin, Avnet's SVP and CIO, reported a disposition of 2,216 shares of Avnet Common Stock.
• The transaction occurred on January 5, 2026, at a price of $49.04 per share.
• These shares were surrendered to cover tax liabilities associated with the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Chan Leng Jin beneficially owns 40,776 shares of Avnet Common Stock.
• The beneficial ownership includes 12,870 shares underlying RSUs earned but not yet vested or delivered, and 1,044 shares underlying Performance Stock Units earned but not yet vested.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares for tax purposes related to RSU vesting, which is a neutral event for the company's operational or financial performance.

Positives

• The disposition was for tax purposes related to the vesting of Restricted Stock Units, indicating the executive is receiving compensation in the form of equity.
• The executive retains a significant beneficial ownership of 40,776 shares, demonstrating continued alignment with shareholder interests.

Negatives

• A reduction of 2,216 shares from direct beneficial ownership occurred, although for tax purposes.

Industry Context

This is an insider transaction filing, reflecting standard executive compensation practices involving equity awards and tax withholding, which is common across various industries.

Comparison to Industry Standards

• The practice of surrendering shares to cover tax obligations upon RSU vesting is a common and standard procedure for executive equity compensation across publicly traded companies.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine tax-related transaction, not a discretionary sale indicating a change in confidence. The executive retains significant holdings.

Key Dates

Keywords

Avnet, AVT, Form 4, Insider Transaction, Stock Disposition, RSU Vesting, Executive Compensation, Chan Leng Jin, CIO