Form 4: Avnet Executive Sells Shares for Tax Obligations

Avnet's SVP, Chief Digital Officer, Jay David Youngblood, disposed of 628 common shares to cover tax liabilities related to RSU vesting.

Summary

• Jay David Youngblood, SVP, Chief Digital Officer of Avnet Inc. (AVT), reported a transaction involving the company's common stock.
• On January 5, 2026, 628 shares of common stock were disposed of.
• The disposition was made to pay taxes applicable to the issuance of shares upon the vesting of Restricted Stock Units (RSUs).
• The shares were valued at $49.04 per share for this transaction.
• Following this transaction, Youngblood beneficially owns 7,622 shares of Avnet common stock.
• This beneficial ownership includes 5,648 shares underlying RSUs that have been earned but are not yet vested or delivered.

Sentiment

Score: 5

Explanation: The transaction is a routine, tax-related disposition of shares upon RSU vesting, which is a neutral event for the company's operational performance and does not indicate a change in outlook.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates continued employment and performance of the executive.

Negatives

• The disposition of shares, while for tax purposes, results in a reduction of the executive's direct shareholding.

Future Outlook

NA

Industry Context

This transaction is a routine insider event, common across all industries for executives receiving equity compensation, and does not reflect broader industry trends.

Comparison to Industry Standards

• The disposition of shares to cover tax obligations upon RSU vesting is a standard and widely accepted practice for executive compensation across various industries and comparable companies.

Stakeholder Impact

• Shareholders: A minor reduction in direct share ownership by a key executive, which is a common occurrence related to executive compensation and tax obligations.

Key Dates

Recommendation

This Form 4 filing details a routine, tax-related disposition of shares by an executive upon RSU vesting. Such transactions are common and do not typically indicate a change in the company's fundamental performance or outlook, thus a 'hold' recommendation remains appropriate based solely on this filing.

Keywords

Avnet, AVT, Form 4, insider transaction, RSU vesting, stock sale, executive compensation, Jay David Youngblood