Earnings Feed
Start Free
AVNET INC·4

Mar 19, 4:18 PM ET

Freeman Brenda 4

Research Summary

AI-generated summary

Updated

Avnet (AVT) Director Brenda Freeman Receives 209-Share Award

What Happened

Brenda Freeman, a director of Avnet, Inc. (AVT), was granted 209 Phantom Stock Units (PSUs) on March 18, 2026. The grant is reported as a derivative acquisition (code A) valued at $59.96 per unit, for a total reported value of $12,532. This is a compensation award (not an open-market purchase or sale).

Key Details

  • Transaction date and price: 2026-03-18; 209 PSUs at $59.96 each (total $12,532).
  • Security type: Phantom Stock Units (derivative award), reported under transaction code A (award/grant).
  • Shares owned after transaction: Not disclosed in this Form 4 filing.
  • Footnotes:
    • F1: Each PSU equals one share and will be settled in Avnet common stock after Freeman leaves the Board or upon a change in control.
    • F2: Additional PSUs were added as a result of the quarterly dividend.
  • Filing timeliness: Form 4 was filed on 2026-03-19 for a 2026-03-18 transaction (timely within the usual 2-business-day reporting window).

Context

Phantom stock units are deferred-compensation awards that convert to company shares under specified conditions (here, departure from the Board or a change in control). This type of grant is a routine form of director compensation and does not represent an open-market purchase or sale that would immediately affect public float or signal near-term buying pressure.