Form 4: Avnet Director Brenda Freeman Acquires Phantom Stock Units Through Dividend Reinvestment

Avnet Inc. Director Brenda Freeman has acquired 199 Phantom Stock Units (PSUs) as a result of a quarterly dividend, increasing her beneficial ownership to 31,327 PSUs.

Summary

• Brenda Freeman, a Director of Avnet Inc. (AVT), acquired 199 Phantom Stock Units (PSUs) on June 18, 2025.
• The acquisition was a result of the company's quarterly dividend, indicating a reinvestment or allocation of dividend proceeds into PSUs.
• 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.
• The PSUs were acquired at a price of $51.54 per unit.
• Following this transaction, Ms. Freeman's total beneficial ownership of PSUs stands at 31,327 units.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive. While a routine transaction, the acquisition of additional equity-linked units by a director, especially through a dividend, generally signals continued alignment of interests with shareholders and confidence in the company's performance.

Positives

• The acquisition of additional Phantom Stock Units by a director aligns management's interests with those of shareholders, as the value of these units is tied to the company's common stock performance.
• The acquisition through a quarterly dividend suggests a routine and potentially pre-planned mechanism for director compensation or reinvestment, indicating stability in compensation practices.

Future Outlook

The acquired Phantom Stock Units will be settled in Avnet's common stock after the reporting person leaves the Issuer's Board or upon a change of control of the Issuer.

Industry Context

This Form 4 filing is a standard disclosure for insider transactions, common across all publicly traded companies. It reflects a routine compensation or dividend reinvestment event for a director, rather than a strategic market move.

Related Party Transactions

• The acquisition of Phantom Stock Units by Brenda Freeman, a Director of Avnet Inc., constitutes a related party transaction between a company insider and the issuer.

Stakeholder Impact

• Shareholders: The acquisition of additional equity-linked units by a director can be viewed positively as it further aligns the director's financial interests with the long-term performance of the company, potentially fostering more shareholder-centric decision-making.

Next Steps

• Settlement of the Phantom Stock Units into Avnet common stock upon Brenda Freeman's departure from the Board or a change of control of Avnet Inc.

Key Dates

Keywords

Avnet Inc., AVT, SEC Form 4, Insider Transaction, Phantom Stock Units, PSUs, Director Compensation, Dividend Reinvestment, Corporate Governance