GASSEL HELMUT 4

What Happened

• Helmut Gassel, a director of Avnet, received a grant of 45 Phantom Stock Units (PSUs) on 2026-03-18. The filing values the award at $59.96 per unit, totaling $2,698 (reported as a derivative acquisition, code A). This is an equity award (PSU), not an immediate open‑market purchase of common shares.

Key Details

• Transaction date and price: 2026-03-18; 45 PSUs @ $59.96 each; total value $2,698 (reported).
• Security type: Phantom Stock Units (derivative) — not currently common shares.
• Settlement/ownership after transaction: The filing does not report immediate common‑stock ownership from this grant; PSUs will convert to common stock under the terms below.
• Footnotes: F1 — each PSU equals one share and will be settled in common stock when the director leaves the board or upon a change of control; F2 — additional PSUs were added due to the quarterly dividend.
• Filing timeliness: Reported on 2026-03-19 for a 2026-03-18 transaction (timely filing). No 10b5-1 plan or tax‑withholding instructions are disclosed in this filing.

Context

• PSUs are deferred equity awards that typically convert to actual shares only upon specified events (here, departure from the Board or a change of control). They generally do not convey immediate voting rights or transferable shares. This transaction is an award/grant rather than a market purchase or sale.