Form 4: Avnet Director Brenda Freeman Acquires Phantom Stock Units Through Dividend
SEC Form 4 Filing
Director Brenda Freeman acquired additional phantom stock units in Avnet, Inc. as a result of a quarterly dividend.
Summary
- On March 20, 2024, Brenda Freeman, a director of Avnet, Inc., acquired 179 phantom stock units (PSUs) as a result of the quarterly dividend.
- Each PSU is equivalent to one share of Avnet's common stock and will be settled in common stock upon Ms. Freeman's departure from the Board or a change of control of the Issuer.
- Following the transaction, Ms. Freeman directly owns 26,982 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing an insider transaction, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and dividend payouts, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: Brenda Freeman acquired phantom stock units. |
| 03/21/2024 | Date of signature by Attorney-In-Fact. |
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