Form 4: Avnet Director Maddock Increases Holdings Through Phantom Stock Units

Director Ernest E. Maddock acquired additional phantom stock units in Avnet, Inc. as a result of a quarterly dividend.

Summary

• On September 25, 2024, Ernest E. Maddock, a director of Avnet, Inc., acquired 52 phantom stock units (PSUs) as a result of the 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 transaction was $52.73.
• Following the transaction, Maddock directly owns 8,242 phantom stock units.
• Maddock also directly owns 5,265 shares of Avnet common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The increase in holdings could be seen as slightly positive, but it's not a major event.

Positives

• The director's increased stake in the company could be interpreted positively, signaling confidence in Avnet's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers, which can be informative for investors.

Key Dates