KHAYKIN OLEG 4

What Happened
Oleg Khaykin, a director of Avnet, was granted 326 Phantom Stock Units (PSUs) on 2026-03-18. The grant is reported at an attributable per‑unit value of $59.96, for a total reported value of approximately $19,547. This is an award/derivative acquisition (transaction code A) rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Form 4 filed 2026-03-19 (timely file).
• Grant: 326 PSUs at $59.96 per unit; total reported value ≈ $19,547.
• Shares owned after transaction: not disclosed in the Form 4.
• Footnote 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.
• Footnote F2: The reported award includes additional PSUs credited due to the quarterly dividend.
• Transaction type: Award/Grant of a derivative equity interest (PSU), not an immediate stock purchase or sale.

Context
PSUs are long‑term, deferred equity awards that typically convert into actual shares (or their cash equivalent) upon vesting/termination or a corporate change of control; they are not immediately tradeable shares. Awards like this are common compensation for directors and do not, by themselves, indicate immediate buying or selling activity in the open market.