Form 4: Avnet SVP, Chief People Officer Ken E. Arnold Reports Stock Disposal for Tax Obligations

Ken E. Arnold, SVP, Chief People Officer of Avnet Inc., reports disposing of 3,193 shares of common stock on January 3, 2025, to cover tax obligations related to vesting Restricted Stock Units.

Summary

• On January 3, 2025, Ken E. Arnold, the SVP, Chief People Officer of Avnet Inc., disposed of 3,193 shares of common stock.
• The shares were surrendered to cover tax obligations arising from the vesting of Restricted Stock Units (RSUs).
• The transaction was executed at a price of $52.28 per share.
• Following the transaction, Arnold directly owns 52,586 shares of Avnet Inc.
• This total includes 17,973 shares underlying RSUs earned but not yet vested or delivered and 8,373 shares underlying PSUs earned but not yet vested.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares being disposed of by an executive.

Key Dates