Form 4: Avnet Director Helmut Gassel Reports Acquisition of Phantom Stock Units

Director Helmut Gassel reported the acquisition of additional phantom stock units in Avnet, Inc. due to a quarterly dividend.

Summary

• Helmut Gassel, a director of Avnet, Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 23 phantom stock units (PSUs) on March 19, 2025, resulting from a quarterly dividend.
• Each PSU represents 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, Gassel directly owns 3,465 phantom stock units.
• Gassel also directly owns 1,265 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock ownership. The acquisition of phantom stock units through dividends is a common practice.

Positives

• The acquisition of phantom stock units through dividends can be seen as a positive sign, aligning the director's interests with those of the shareholders.

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 a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's future.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially fostering better corporate governance.

Key Dates

Keywords

Form 4, beneficial ownership, phantom stock units, Avnet, director, Gassel, dividend