Form 4: Avnet Director Ernest Maddock Increases Stake Through Phantom Stock Unit Acquisition

Avnet Inc. Director Ernest E. Maddock acquired 76 Phantom Stock Units as a result of a quarterly dividend, increasing his total beneficial ownership of PSUs to 11,889.

Summary

• Ernest E. Maddock, a Director of Avnet Inc. (AVT), acquired 76 Phantom Stock Units (PSUs) on June 18, 2025.
• The acquisition of these PSUs was a result of the company's quarterly dividend.
• Each Phantom Stock Unit is equivalent to one share of Avnet's common stock.
• These PSUs will be settled in common stock after Mr. Maddock leaves the Issuer's Board or upon a change of control of the Issuer.
• Following this transaction, Mr. Maddock beneficially owns a total of 11,889 Phantom Stock Units.
• Mr. Maddock also directly owns 5,265 shares of Avnet Common Stock.

Sentiment

Score: 6

Explanation: Slightly positive as a director is increasing their stake, albeit through a dividend-related mechanism, showing continued alignment with the company's performance.

Positives

• Director Ernest E. Maddock increased his beneficial ownership in Avnet through the acquisition of 76 Phantom Stock Units, aligning his interests further with shareholders.
• The acquisition of PSUs as a result of a quarterly dividend indicates the company's ongoing dividend policy and the director's continued participation in equity-based compensation plans.

Future Outlook

The filing does not contain forward-looking statements or guidance, as it is a report on insider ownership changes.

Industry Context

This Form 4 filing reflects a routine insider transaction for a director of Avnet Inc., a global distributor of electronic components and embedded solutions. Such transactions are common in the industry as part of executive compensation and dividend reinvestment plans, indicating continued alignment of director interests with shareholder value.

Comparison to Industry Standards

• This transaction is a standard acquisition of equity-based compensation (Phantom Stock Units) as part of a director's remuneration, often tied to dividend accruals. This practice is common across publicly traded companies, including those in the technology distribution sector, to align director incentives with long-term company performance and shareholder returns. Specific comparable companies or projects are not relevant for this type of filing.

Stakeholder Impact

• Shareholders: The acquisition of additional equity by a director, even through a dividend, can be seen as a positive signal of confidence in the company's future performance and aligns the director's interests with those of shareholders.

Key Dates

Recommendation

Keywords

Avnet Inc., AVT, Ernest E. Maddock, SEC Form 4, Insider Trading, Phantom Stock Units, PSU, Director Ownership, Equity Compensation, Dividend Reinvestment