Form 4: Avnet Director Acquires Phantom Stock Units via Dividend

Avnet Director Oleg Khaykin reported the acquisition of 365 phantom stock units through a quarterly dividend, increasing his direct beneficial ownership of PSUs to 51,123.

Summary

• Oleg Khaykin, a Director of Avnet Inc. (AVT), reported changes in his beneficial ownership of company securities.
• Acquired 365 Phantom Stock Units (PSUs) on December 17, 2025, as a result of a quarterly dividend.
• Each PSU is equivalent to one share of Avnet's common stock and will be settled in common stock upon Khaykin's departure from the Board or a change of control of the Issuer.
• The acquisition price for these PSUs was $48.62 per unit.
• Following this transaction, Khaykin directly beneficially owns 51,123 PSUs.
• Khaykin also directly beneficially owns 9,000 shares of Avnet Common Stock.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units through a dividend is a routine event, and the transaction being under a 10b5-1 plan suggests a pre-planned, non-discretionary action. This is generally viewed as neutral to slightly positive, as it increases the director's equity-linked holdings.

Positives

• A Director acquired additional phantom stock units, which aligns management's interests with those of shareholders.
• The acquisition was a result of a quarterly dividend, indicating a routine and non-discretionary increase in holdings.
• The transaction was made under a Rule 10b5-1(c) plan, suggesting pre-planned and transparent insider activity.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The increase in a director's equity-linked holdings through a dividend payout can be seen as a positive signal of alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom stock units via a quarterly dividend, executed under a 10b5-1 plan. Such a transaction does not provide new fundamental information about the company's performance or strategic direction that would warrant a change in investment recommendation. It primarily reflects a pre-planned, non-discretionary increase in a director's equity-linked compensation.

Keywords

AVNET, AVT, Form 4, insider transaction, director, phantom stock units, beneficial ownership, dividend, 10b5-1 plan