Form 4: Avnet Director Acquires PSUs via Quarterly Dividend

Avnet Inc. Director Ernest E. Maddock acquired 87 Phantom Stock Units through a quarterly dividend, increasing his beneficial ownership.

Summary

• Director Ernest E. Maddock acquired 87 Phantom Stock Units (PSUs) of Avnet, Inc. on December 17, 2025.
• This acquisition was a result of a quarterly dividend distribution.
• Each PSU is equivalent to one share of Avnet's common stock and will be settled in common stock after the reporting person leaves the Board or upon a change of control of the Issuer.
• The price of the derivative security (PSU) for this transaction was $48.62.
• Following this transaction, Maddock beneficially owns 12,056 PSUs and 5,265 shares of common stock directly.

Sentiment

Score: 6

Explanation: The acquisition of additional phantom stock units by a director, even if through a dividend, generally indicates continued alignment of interests with shareholders and is a neutral to slightly positive signal. It's a routine event, not a significant new investment.

Positives

• Director Ernest E. Maddock increased his beneficial ownership in Avnet, Inc. by acquiring 87 Phantom Stock Units.
• The acquisition was a result of a quarterly dividend, indicating a regular distribution to shareholders and PSU holders.

Negatives

• No specific negatives identified in this routine insider transaction filing.

Risks

• No specific risks mentioned in this Form 4 filing.

Future Outlook

This filing does not contain specific forward-looking statements or guidance regarding the company's future performance.

Industry Context

This routine insider transaction, involving a director's acquisition of phantom stock units through a dividend, is a standard corporate governance event and does not provide specific insights into broader industry trends or competitive landscape.

Comparison to Industry Standards

• This filing details a standard insider transaction (acquisition of PSUs via dividend) for a director, which is a common practice in publicly traded companies. It does not provide specific financial results or operational metrics that would allow for a direct comparison to industry benchmarks or specific comparable companies or projects.

Related Party Transactions

• Director Ernest E. Maddock, a related party, acquired 87 Phantom Stock Units from Avnet, Inc. as part of a quarterly dividend distribution, which is a standard form of equity compensation and distribution for insiders.

Stakeholder Impact

• Shareholders: The director's increased beneficial ownership, even through a dividend, aligns management interests with shareholder value.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

Avnet, AVT, Ernest E. Maddock, Director, Insider Transaction, Form 4, Phantom Stock Units, PSUs, Dividend, Beneficial Ownership