Form 4: Avnet Director Modjtabai Acquires 3,442 Shares in Annual Stock Grant

Avid Modjtabai, a director at Avnet Inc., acquired 3,442 shares of common stock on January 2, 2025, as part of an annual stock grant.

Summary

• On January 2, 2025, Avid Modjtabai, a director of Avnet Inc., acquired 3,442 shares of Avnet's common stock.
• The acquisition was part of a director's annual stock grant.
• The price per share for the grant was $52.28.
• Following the transaction, Modjtabai directly owns 41,699 shares of Avnet common stock.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (director's stock grant). It's neutral to slightly positive as it indicates director's alignment with shareholder interests.

Positives

• The director's acquisition of shares demonstrates confidence in the company's future.

Industry Context

Director stock grants are a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages, including stock grants, vary significantly across industries and company sizes.
• Comparing Avnet's director compensation to that of its peers in the electronics distribution industry would provide a more comprehensive understanding of its competitiveness.
• Companies like Arrow Electronics and Future Electronics could be considered as benchmarks for comparison.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates