Form 4: Avnet Executive McCoy Reports RSU Grant, Tax-Related Share Sale

Avnet's SVP and General Counsel, Michael Ryan McCoy, reported the acquisition of 15,144 restricted stock units and the surrender of 2,075 shares for tax obligations.

Summary

• Michael Ryan McCoy, SVP, General Counsel of Avnet Inc., reported changes in his beneficial ownership.
• On August 21, 2025, McCoy acquired 15,144 shares of common stock, consisting of Restricted Stock Units (RSUs) earned under long-term incentive plans. The acquisition price was $0.
• Following this acquisition, McCoy beneficially owned 82,512 shares.
• On August 22, 2025, McCoy disposed of 2,075 shares of common stock at a price of $52.89 per share.
• These shares were surrendered to cover tax liabilities associated with the vesting of Performance Stock Units (PSUs).
• After these transactions, McCoy's beneficial ownership stands at 80,437 shares.
• This total includes 34,690 shares underlying RSUs and 1,809 shares underlying PSUs that are allocated but not yet vested.

Sentiment

Score: 6

Explanation: The filing reports routine executive compensation events (RSU grant and tax-related share surrender). The RSU grant is a positive for executive alignment, while the tax sale is a neutral, standard event. No significant positive or negative surprises are indicated.

Positives

• The acquisition of 15,144 Restricted Stock Units (RSUs) indicates continued long-term incentive alignment between the executive and shareholder interests.
• The grant of RSUs is a common component of executive compensation, signaling ongoing commitment and retention of key management.

Negatives

• The surrender of 2,075 shares to cover tax obligations reduces the executive's direct shareholding.

Risks

• NA

Future Outlook

NA

Industry Context

This filing reflects routine executive compensation and tax-related share transactions, which are standard practices across publicly traded companies, particularly in the technology distribution sector where Avnet operates. It does not provide specific insights into broader industry trends or competitive positioning.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: The RSU grant aligns executive interests with long-term shareholder value. The tax-related share sale is a standard event with minimal direct impact on other shareholders.

Next Steps

• NA

Key Dates

Recommendation

This Form 4 filing details routine executive compensation transactions, specifically an RSU grant and a tax-related share surrender. These events are standard and do not provide new fundamental information that would warrant a change in investment thesis for Avnet. The RSU grant reinforces management's long-term alignment, which is a neutral to slightly positive signal, but not enough to change a 'hold' stance based solely on this filing.

Keywords

Avnet, AVT, Michael Ryan McCoy, Form 4, SEC Filing, Restricted Stock Units, RSU, Performance Stock Units, PSU, Insider Trading, Executive Compensation, Share Ownership, Beneficial Ownership