Form 4: Avnet SVP, CIO Chan Leng Jin Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Chan Leng Jin, SVP and CIO of Avnet Inc., reports exercising stock options and selling shares on August 14, 2024.
Summary
- On August 14, 2024, Chan Leng Jin, the SVP and CIO of Avnet Inc., executed transactions involving Avnet's common stock.
- Jin exercised employee stock options to acquire 9,226 shares at a price of $39.62 per share.
- Concurrently, Jin sold 9,226 shares at $53.75 per share.
- Following these transactions, Jin directly owns 26,942 shares of Avnet common stock.
- This total includes 10,442 shares underlying Restricted Stock Units allocated but not yet vested or delivered and 2,738 underlying Performance Stock Units earned but not yet vested or delivered.
- Jin also directly owns 9,226 derivative securities in the form of employee stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard regulatory filing reporting insider trading activity. There is no indication of positive or negative sentiment towards the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives at publicly traded companies. It provides transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 08/14/2024 | Date of stock option exercise and sale of shares. |
| 08/22/2031 | Expiration date of the employee stock options. |
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