Form 4: Avnet SVP, Chief Digital Officer Jay David Youngblood Reports Stock Transaction
SEC Form 4 Filing
Jay David Youngblood, SVP, Chief Digital Officer of Avnet Inc., reports the surrender of shares to cover taxes related to vesting Restricted Stock Units on January 3, 2025.
Summary
- On January 3, 2025, Jay David Youngblood, SVP, Chief Digital Officer of Avnet Inc., surrendered 206 shares of common stock to cover taxes.
- The shares were surrendered at a price of $52.28 per share.
- Following the transaction, Youngblood directly owns 2,570 shares of Avnet Inc., which includes 2,082 shares underlying Restricted Stock Units (RSUs) that have been earned but not yet vested or delivered.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports a routine transaction related to tax obligations on vested stock units. It doesn't indicate any significant positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider trading activity and assess management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Date of stock transaction: surrender of shares for tax obligations. |
| 01/06/2025 | Date of signature for the Form 4 filing. |
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