Form 4: Avnet Director Gassel Reports PSU Grant, Share Holdings

Avnet Director Helmut Gassel reported the deferral of his annual stock grant into 4,078 Phantom Stock Units and beneficial ownership of 1,265 shares of common stock.

Summary

• Helmut Gassel, a Director of Avnet, Inc. (AVT), reported changes in beneficial ownership.
• As of January 2, 2026, Gassel beneficially owns 1,265 shares of Avnet Common Stock directly.
• On January 2, 2026, Gassel acquired 4,078 Phantom Stock Units (PSUs) through the Avnet, Inc. Deferred Compensation Plan for Outside Directors.
• The PSUs resulted from deferring 100% of the annual stock grant, which was based on a price of $49.04 per share.
• Each PSU is equivalent to one share of Avnet common stock and will be settled in common stock upon Gassel's departure from the Board or a change of control of the Issuer.
• Following this transaction, Gassel beneficially owns 7,614 Phantom Stock Units.

Sentiment

Score: 7

Explanation: The deferral of the annual stock grant into Phantom Stock Units by a director indicates a strong alignment of interests with long-term shareholder value, which is generally viewed positively.

Positives

• The deferral of 100% of the annual stock grant into Phantom Stock Units by a director demonstrates strong alignment of interests with long-term shareholder value.

Future Outlook

The Phantom Stock Units will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon a change of control of the Issuer.

Industry Context

This filing represents a standard practice for compensating non-employee directors with equity-based awards, common across publicly traded companies to align director incentives with shareholder interests.

Comparison to Industry Standards

• The use of Phantom Stock Units for director compensation is a common practice among U.S. public companies, similar to those employed by peers in the technology distribution sector, such as Arrow Electronics (ARW) or TD SYNNEX (SNX), to foster long-term alignment without immediate dilution.

Stakeholder Impact

• Shareholders: Increased alignment of director's financial interests with long-term shareholder value due to equity-based compensation.

Next Steps

• Settlement of Phantom Stock Units upon the director's departure from the board or a change of control.

Key Dates

Recommendation

This Form 4 reports a routine compensation event for a director, involving the deferral of an annual stock grant into Phantom Stock Units. Such a transaction is standard practice for director compensation and does not provide new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It primarily reinforces the alignment of director incentives with long-term shareholder value.

Keywords

Avnet, AVT, Form 4, Insider Transaction, Beneficial Ownership, Phantom Stock Units, Director Compensation, Equity Grant