Form 4: Avnet Director Rodney C. Adkins Reports Acquisition of Common Stock

Director Rodney C. Adkins reports acquiring 3,442 shares of Avnet Inc. common stock on January 2, 2025, through a director's annual grant.

Summary

• On January 2, 2025, Rodney C. Adkins, a director of Avnet Inc., acquired 3,442 shares of common stock.
• This acquisition was part of a director's annual grant, with the stock valued at $52.28 per share.
• Following the transaction, Adkins directly owns 36,486 shares of Avnet Inc. common stock.
• Adkins also holds 5,219 Phantom Stock Units (PSUs), each equivalent to one share of Avnet's common stock, which will be settled upon departure from the Board or a change of control.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition by a director. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The acquisition of shares by a director may have a slightly positive impact on shareholder sentiment.

Key Dates