Form 4: Avnet Director Brenda Freeman Acquires Additional Phantom Stock Units

Director Brenda Freeman acquired 169 phantom stock units of Avnet Inc. as a result of a quarterly dividend.

Summary

• On December 18, 2024, Brenda Freeman, a director of Avnet Inc., acquired 169 phantom stock units.
• The acquisition was a result of a quarterly dividend.
• Each phantom stock unit is equivalent to one share of Avnet's common stock.
• These units will be settled in Avnet's common stock when Freeman leaves the Board or upon a change of control of the Issuer.
• The price of the phantom stock units was $53.32.
• Following the transaction, Freeman beneficially owns 27,479 phantom stock units directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which can be seen as a sign of confidence. However, it's a routine transaction related to dividends.

Positives

• The acquisition of phantom stock units by a director demonstrates confidence in the company's future performance.

Future Outlook

The phantom stock units will be settled in Avnet's common stock after the reporting person leaves the Issuer's Board or upon change of control of the Issuer.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence.

Key Dates