Henkels Virginia 4
Research Summary
AI-generated summary
Avnet (AVT) Director Virginia Henkels Receives 45-Share Award
What Happened
Virginia Henkels, a director of Avnet, was granted 45 Phantom Stock Units (PSUs) on 2026-03-18. The report lists the grant at $59.96 per share, totaling about $2,698. This was an award/derivative grant (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-03-18; filing date: 2026-03-19 (appears timely).
- Grant: 45 PSUs at $59.96 each; total reported value ≈ $2,698.
- Instrument: Phantom Stock Units (derivative award) — reported as an acquisition (A).
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Each PSU equals one share and will be settled in Avnet common stock when the director leaves the board or upon a change of control.
- F2: Additional PSUs were added due to the quarterly dividend.
Context
PSUs are a deferred/phantom share award that convert into actual shares (or their equivalent) under specified events; they do not represent an immediate cash purchase or sale by the insider. Such awards are common for directors as part of compensation and do not, by themselves, indicate a trading view.