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

Director Rodney C. Adkins reports the acquisition of additional Phantom Stock Units in Avnet, Inc. due to a quarterly dividend.

Summary

• Rodney C. Adkins, a director of Avnet, Inc., filed a Form 4 on September 26, 2024, reporting a transaction.
• The transaction involved the acquisition of 33 Phantom Stock Units (PSUs) as a result of 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.
• Following the reported transaction, Adkins beneficially owns 5,187 Phantom Stock Units.
• Adkins also directly owns 33,044 shares of Avnet common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a routine transaction (dividend-related PSU acquisition) by a director, indicating continued alignment with the company's interests.

Positives

• The acquisition of Phantom Stock Units through dividends suggests a continued investment and alignment of interests between the director and the company's performance.

Industry Context

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

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings in the company.

Key Dates