McCoy Michael Ryan 4
4 · AVNET INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Avnet (AVT) SVP McCoy Exercises Options and Sells Shares
What Happened
Michael Ryan McCoy, Avnet's Senior Vice President and General Counsel, exercised options to acquire 36,292 shares at $29.85 per share (total exercise cost $1,083,316) on Feb 17, 2026, and immediately sold those 36,292 shares in the open market at an average price of $65.48 per share for total gross proceeds of $2,376,400. The filing shows the related derivative position was disposed (reported at $0.00), consistent with exercising and selling the option shares. Net proceeds from the transactions are roughly $1.29M.
Key Details
- Transaction date: 2026-02-17 (Form filed 2026-02-18) — appears timely.
- Exercise: 36,292 shares @ $29.85 (total $1,083,316).
- Sale: 36,292 shares @ average $65.48 (total $2,376,400); actual sale prices ranged $65.32–$65.53 (footnote).
- Shares owned after transaction: Not specified in the filing. Footnote notes include 21,317 RSU shares earned but not yet vested and 1,809 Performance Stock Units earned but not yet vested.
- No 10b5-1 plan or other trading plan disclosed in the filing. Footnotes discuss vesting schedules for prior option grants (four-year vesting in annual installments).
Context
Code M indicates an option exercise; because the exercised shares were sold immediately in the open market, this functions like a cashless exercise (exercise + sale). Footnotes clarify the sale was executed in multiple trades (range given) and detail vesting schedules for prior option grants (FY2021 and FY2022 grants vest over four years). This is a routine insider sale following an option exercise rather than a simple open-market purchase.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-17$29.85/sh+36,292$1,083,316→ 112,966 total - Sale
Common Stock
[F1][F2]2026-02-17$65.48/sh−36,292$2,376,400→ 76,674 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3][F5]2026-02-17−36,292→ 0 totalExercise: $29.85Exp: 2030-11-15→ Common Stock (36,292 underlying)
- 32,052
Employee Stock Option (Right to Buy)
[F3][F4]Exercise: $39.62Exp: 2031-08-22→ Common Stock (32,052 underlying)
Footnotes (5)
- [F1]The price reported is an average price. These shares were sold in multiple transactions at prices ranging from $65.32 to $65.53. Upon request, the reporting person will provide full information regarding the number of shares sold at each price to Avnet, any Avnet security holder, or the Securities and Exchange Commission.
- [F2]Includes 21,317 shares underlying RSUs earned but not yet vested or delivered and 1,809 shares underlying Performance Stock Units earned but not yet vested.
- [F3]The Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
- [F4]In fiscal year 2022, the reporting person was granted an option to purchase 32,052 shares of common stock. The Option vests in four equal annual installments beginning on the first anniversary of the date of grant.
- [F5]In fiscal year 2021, the reporting person was granted an option to purchase 36,292 shares of common stock. The Option vests in four equal annual installments beginning on the first anniversary of the date of grant.