Form 4: Avnet SVP, CIO Chan Leng Jin Reports Stock Transaction

Avnet's SVP, CIO, Chan Leng Jin, disposed of 2,093 shares of common stock to cover taxes related to vesting restricted stock units.

Summary

• Chan Leng Jin, SVP and CIO of Avnet, Inc., reported a transaction involving the company's common stock.
• On January 3, 2025, 2,093 shares were disposed of to cover taxes related to the vesting of restricted stock units.
• The transaction price was $52.28 per share.
• Following the transaction, Chan Leng Jin beneficially owns 34,472 shares of Avnet common stock.
• This total includes 11,011 shares underlying restricted stock units (RSUs) and 4,573 shares underlying performance stock units (PSUs) that have been earned but not yet vested.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock transaction, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies, particularly around vesting periods for equity-based compensation.
• The use of Form 4 filings is standard practice for reporting these transactions to the SEC.
• The transaction is typical for executives who receive stock-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover taxes.

Key Dates

Keywords

Avnet, stock transaction, insider trading, Form 4, restricted stock units, performance stock units, Chan Leng Jin, executive compensation