Form 4: Avnet Director Avid Modjtabai Receives Annual Stock Grant

Avid Modjtabai, a director at Avnet Inc., received an annual grant of 4,078 shares of common stock on January 2, 2026, as part of a pre-planned transaction.

Summary

• Avid Modjtabai, a director of Avnet Inc. (AVT), acquired 4,078 shares of common stock.
• The transaction occurred on January 2, 2026, and was identified as an annual stock grant for directors.
• The grant was based on a per-share value of $49.04.
• Following this transaction, Modjtabai beneficially owns a total of 45,777 shares of Avnet common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was a pre-arranged transaction for the purchase or sale of equity securities.

Sentiment

Score: 7

Explanation: The filing reports a routine annual stock grant to a director, which is a positive for aligning management interests with shareholders and indicates standard corporate governance practices. It is not a significant market-moving event but reflects ongoing compensation structure.

Positives

• The grant aligns the director's interests with those of shareholders, promoting long-term value creation.
• The transaction was pre-planned under a Rule 10b5-1(c) plan, indicating a structured and compliant approach to equity compensation.

Future Outlook

NA

Industry Context

This is a routine insider transaction for director compensation. Such grants are common practice across industries to incentivize board members and align their interests with shareholders, particularly in technology and distribution sectors where Avnet operates.

Comparison to Industry Standards

• Annual stock grants for non-employee directors are a standard form of compensation in publicly traded companies across various industries.
• The use of Rule 10b5-1 plans for such grants is also a common corporate governance practice to ensure transactions are pre-scheduled and not based on material non-public information.

Corporate Governance

Related Party Transactions

• The acquisition of common stock by Director Avid Modjtabai constitutes a related party transaction as it involves a company director receiving compensation in the form of equity.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with long-term shareholder value.
• Director (Avid Modjtabai): Receives equity compensation, increasing personal stake in the company.

Key Dates

Recommendation

This Form 4 filing details a routine annual stock grant to a director, which is a standard compensation practice and not indicative of any fundamental change in the company's operations or outlook. While it aligns director interests with shareholders, it does not provide new information that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this event alone is unlikely to significantly impact the stock's valuation.

Keywords

Avnet, AVT, Form 4, Insider Transaction, Stock Grant, Director Compensation, Equity Compensation, Avid Modjtabai, 10b5-1 Plan