Form 4: Avnet Director Ernest E. Maddock Reports Acquisition of Phantom Stock Units

Director Ernest E. Maddock reports the acquisition of additional phantom stock units in Avnet, Inc. due to a quarterly dividend.

Summary

• On December 18, 2024, Ernest E. Maddock, a director of Avnet, Inc., acquired 51 phantom stock units as a result of the quarterly dividend.
• Following the transaction, Maddock directly owns 5,265 shares of Avnet common stock and 8,293 phantom stock units.
• Each phantom stock unit represents one share of Avnet's common stock and will be settled in common stock upon Maddock leaving the Board or a change of control of Avnet.

Sentiment

Score: 6

Explanation: The document is a routine filing related to insider transactions. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock units through a dividend reinvestment plan demonstrates the director's continued investment in the company's future.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates