Form 4: Avnet Director Oleg Khaykin Reports Acquisition of Phantom Stock Units

Director Oleg Khaykin reports acquisition of phantom stock units and holdings of common stock in Avnet, Inc.

Summary

• Oleg Khaykin, a director of Avnet, Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 268 phantom stock units (PSUs) on September 25, 2024, 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 phantom stock units was $52.73.
• Following the reported transaction, Khaykin directly owns 43,111 derivative securities and 9,000 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (acquisition of phantom stock units) and doesn't indicate any significant positive or negative sentiment. The acquisition of stock units is generally a positive sign, indicating alignment of interests between management and 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.

Stakeholder Impact

• The acquisition of phantom stock units by a director can align the director's interests with those of the shareholders.

Key Dates