Form 4: Avnet SVP, CIO Leng Jin Chan Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Leng Jin Chan, SVP and CIO of Avnet Inc., reports acquiring and disposing of common stock, including Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), under long-term incentive plans.
Summary
- On August 15, 2024, Leng Jin Chan, SVP and CIO of Avnet Inc., reported transactions involving Avnet's common stock.
- Chan acquired 7,788 shares of common stock through Restricted Stock Units (RSUs) at a price of $0.
- Chan also disposed of 7,788 shares of common stock.
- Additionally, Chan acquired 1,835 shares of common stock through Performance Stock Units (PSUs) at a price of $0.
- Following these transactions, Chan beneficially owns 36,565 shares of Avnet common stock, which includes 18,230 shares underlying RSUs and 4,573 shares underlying PSUs that are earned but not yet vested or delivered.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the reported transactions (acquisition and disposal of common stock). |
| 08/16/2024 | Date of signature by Attorney-In-Fact. |
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