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

Director Rodney C. Adkins reports acquisition of phantom stock units in Avnet, Inc. due to quarterly dividend.

Summary

• On March 20, 2024, Rodney C. Adkins, a director of Avnet, Inc., acquired 33 phantom stock units (PSUs) as a result of the 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 transaction, Adkins directly owns 33,044 shares of common stock and 5,124 phantom stock units.
• The price of the phantom stock units was $46.62.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. The acquisition of phantom stock units due to a dividend is a normal course of business.

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, which can be viewed positively by investors.

Stakeholder Impact

• The acquisition of phantom stock units by a director may have a slightly positive impact on shareholder confidence.

Key Dates