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 with the SEC.
• The filing reports the acquisition of 322 Phantom Stock Units (PSUs) on March 19, 2025, due to 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 reported transaction, Khaykin beneficially owns 48,294 derivative securities.
• Khaykin also directly owns 9,000 shares of Avnet common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued holding in the company, aligning interests with shareholders. The acquisition of phantom stock units through dividends is a routine event.

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. This filing indicates a director's continued investment in the company's stock, aligning their interests with those of shareholders.

Stakeholder Impact

• The acquisition of phantom stock units by a director signals confidence in the company's future performance, which can positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Stock Units, AVT, Avnet Inc., Oleg Khaykin, Director