Form 4: Avnet SVP, General Counsel Michael Ryan McCoy Reports Stock Transaction
SEC Form 4 Filing
Michael Ryan McCoy, SVP and General Counsel of Avnet Inc., reports the disposition of 3,426 common stock shares to cover taxes related to vesting Restricted Stock Units on January 3, 2025.
Summary
- On January 3, 2025, Michael Ryan McCoy, the SVP and General Counsel of Avnet Inc., disposed of 3,426 shares of common stock.
- The transaction was executed to cover taxes applicable to the issuance of shares upon the vesting of Restricted Stock Units (RSUs).
- The price per share was $52.28.
- Following the transaction, McCoy beneficially owns 67,368 shares of Avnet Inc., which includes 19,546 shares underlying RSUs earned but not yet vested or delivered and 9,220 shares underlying PSUs earned but not yet vested.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine filing related to executive compensation and stock ownership. It's common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Date of stock transaction: disposition of 3,426 shares. |
| 01/06/2025 | Date of signature by Attorney-In-Fact. |
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