Form 4: Avnet Director Brenda Freeman Reports Acquisition of Phantom Stock Units

Director Brenda Freeman reports acquiring additional Phantom Stock Units (PSUs) of Avnet Inc. due to a quarterly dividend.

Summary

• Brenda Freeman, a director of Avnet Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 170 Phantom Stock Units (PSUs) on September 25, 2024.
• These PSUs were acquired as a result of a quarterly dividend.
• Each PSU represents 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 price of the stock at the time of acquisition was $52.73.
• Following the transaction, Ms. Freeman directly owns 27,310 PSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of stock units by a director is generally a good sign, but it's a routine transaction related to dividends.

Positives

• The acquisition of PSUs by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements about Avnet's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's increased stake in the company, which is generally viewed positively.

Stakeholder Impact

• The acquisition of PSUs by a director could have a slightly positive impact on shareholder sentiment.

Key Dates