Form 4: Avnet SVP, Chief People Officer, Ken E. Arnold, Reports Acquisition of Restricted Stock Units and Performance Stock Units
SEC Form 4
Ken E. Arnold, SVP, Chief People Officer of Avnet Inc., reports the acquisition of Restricted Stock Units and Performance Stock Units under long-term incentive plans.
Summary
- On August 15, 2024, Ken E. Arnold, SVP, Chief People Officer of Avnet Inc., acquired 12,368 Restricted Stock Units (RSUs) and 3,172 Performance Stock Units (PSUs) under long-term incentive plans.
- The RSUs and PSUs were acquired at a price of $0.
- Following the reported transactions, Arnold beneficially owns 55,779 shares of Common Stock, which includes 29,287 shares underlying RSUs and 8,373 shares underlying PSUs that are earned but not yet vested.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard regulatory filing reporting stock transactions by an executive.
Positives
- The acquisition of RSUs and PSUs indicates that the executive's incentives are aligned with the long-term performance of the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be useful for investors assessing management's confidence in the company.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Acquisition of Restricted Stock Units and Performance Stock Units. |
| 08/16/2024 | Date of signature by Attorney-In-Fact. |
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