Form 4: Avnet Director Maddock Acquires Additional Phantom Stock Units Through Dividend

Director Ernest E. Maddock acquired 78 phantom stock units of Avnet, Inc. as a result of a quarterly dividend, according to a Form 4 filing.

Summary

• On March 19, 2025, Ernest E. Maddock, a director of Avnet, Inc., acquired 78 phantom stock units (PSUs) as a result of a quarterly dividend.
• Each PSU is equivalent to 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, Maddock directly owns 11,813 phantom stock units.
• Maddock also directly owns 5,265 shares of Avnet common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The filing reflects standard compensation practices and alignment of director interests with shareholders through equity.

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 standard disclosures required by the SEC for insiders (directors, officers, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's securities. This filing indicates routine compensation and alignment of the director's interests with shareholders.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the performance of Avnet's common stock.

Key Dates

Keywords

Form 4, Avnet, Director, Phantom Stock Units, Dividend, Beneficial Ownership, Maddock