McCoy Michael Ryan 4

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.