Form 4: Avnet Director Carlo Bozotti Sells 9,000 Shares
SEC Form 4 Filing
Director Carlo Bozotti sold 9,000 shares of Avnet Inc. (AVT) at an average price of $54.40 on May 22, 2024.
Summary
- On May 22, 2024, Carlo Bozotti, a director of Avnet Inc. (AVT), sold 9,000 shares of common stock.
- The shares were sold at a weighted average price of $54.40.
- The sales occurred in multiple transactions with prices ranging from $54.20 to $54.61.
- Following the transaction, Bozotti directly owns 11,578 shares of Avnet Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of a director selling shares. The impact depends on the size of the sale relative to their holdings and overall trading volume.
Industry Context
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. It's common for directors and officers to buy or sell shares of their company, and these transactions are closely monitored by regulators and investors.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Carlo Bozotti sold 9,000 shares of Avnet Inc. |
| 05/23/2024 | Date of report: Form 4 filing date. |
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