Form 4: Avnet Inc. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Elizabeth McMullen, Senior VP Operations at Avnet Inc., reports acquisition and disposal of common stock related to restricted stock units and performance stock units.
Summary
- On August 15, 2024, Elizabeth McMullen, Senior VP Operations at Avnet Inc., reported changes in beneficial ownership of Avnet's common stock.
- The transactions involved the acquisition of 3,664 shares through Restricted Stock Units (RSUs) and 1,111 shares through Performance Stock Units (PSUs), both earned under long-term incentive plans.
- Following these transactions, McMullen beneficially owns 19,823 shares, which includes 9,598 shares underlying RSUs and 3,028 shares underlying PSUs that are earned but not yet vested.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Positives
- The acquisition of shares through RSUs and PSUs indicates that the executive is incentivized by the company's long-term performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the reported transactions (acquisition/disposal of stock). |
| 08/16/2024 | Date of signature for the Form 4 filing. |
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