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

Director Brenda Freeman reports acquiring additional Phantom Stock Units in 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 207 Phantom Stock Units (PSUs) on March 19, 2025, as a result of a quarterly dividend.
• Each PSU is equivalent to one share of Avnet's common stock and will be settled in common stock upon the director leaving the board or a change of control.
• The price of the derivative security is $49.26.
• Following the transaction, Freeman directly owns 31,128 Phantom Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to insider transactions, with no inherent positive or negative sentiment.

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 disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's securities.

Key Dates

Keywords

Form 4, Avnet, Director, Brenda Freeman, Phantom Stock Units, Dividend, Beneficial Ownership, Securities