Form 4: Avnet Director James A. Lawrence Sells Shares on August 29, 2024
SEC Form 4 Filing
Director James A. Lawrence sold 3,642 shares of Avnet Inc. (AVT) at an average price of $54.83 on August 29, 2024.
Summary
- On August 29, 2024, James A. Lawrence, a director of Avnet Inc. (AVT), sold 3,642 shares of common stock.
- The shares were sold at an average price of $54.83.
- The sale was executed on August 29, 2024.
- Following the transaction, Lawrence still beneficially owns an unspecified amount of Avnet common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock. The reasons for the sale are not disclosed in this filing.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of the transaction: James A. Lawrence sold shares of Avnet Inc. |
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