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

Director Rodney C. Adkins reports 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 March 20, 2025, reporting changes in beneficial ownership.
• The report indicates that Adkins acquired 35 phantom stock units (PSUs) on March 19, 2025, as a result of a quarterly dividend.
• Each PSU represents one share of Avnet's common stock and will be settled in common stock upon Adkins leaving the Board or a change of control of Avnet.
• The price of the underlying common stock for the acquired phantom stock units was $49.26.
• Following the reported transaction, Adkins beneficially owns 36,486 shares of common stock directly and 5,254 phantom stock units.

Sentiment

Score: 6

Explanation: The document is a routine filing related to director compensation, indicating a neutral sentiment.

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

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Stock Units, Avnet, Director, Adkins, Dividend