Form 4: AVNET Senior VP Sells Shares for Tax Obligations

AVNET's Senior VP of Operations, Elizabeth McMullen, disposed of 664 shares of common stock to cover tax liabilities related to vested performance stock units.

Summary

• Elizabeth McMullen, Senior VP Operations at AVNET, Inc. (AVT), reported a transaction on August 22, 2025.
• She disposed of 664 shares of AVNET Common Stock at a price of $52.89 per share.
• This disposition was to satisfy tax obligations arising from the vesting of Performance Stock Units (PSUs).
• Following this transaction, Ms. McMullen beneficially owns 13,962 shares of AVNET Common Stock.
• The beneficially owned shares include 5,742 shares underlying unvested Restricted Stock Units (RSUs) and 557 shares underlying earned but unvested Performance Stock Units (PSUs).

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (shares withheld for tax purposes upon vesting of equity awards). This is a neutral event with no direct positive or negative implications for the company's operational or financial performance.

Positives

• The transaction represents a routine tax-related disposition, indicating the vesting of previously granted equity awards, which is a normal part of executive compensation.

Negatives

• No direct negatives are indicated by this routine tax-related transaction.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing, detailing an insider's routine tax-related stock disposition, does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.
• Employees: No direct impact indicated by this filing.
• Customers, Suppliers, Creditors: No direct impact indicated by this filing.

Next Steps

• This Form 4 filing does not mention any specific future actions, events, or milestones.

Key Dates

Keywords

AVNET, AVT, Elizabeth McMullen, Insider Transaction, Form 4, Stock Sale, Tax Obligation, Performance Stock Units, Restricted Stock Units, Equity Compensation