MADDOCK ERNEST E 4

What Happened
Ernest E. Maddock, a director of Avnet, received an award of 94 Phantom Stock Units (PSUs) on 2026-03-18. The filing values each PSU at $59.96, for a total reported value of about $5,636. This is an award of a derivative equity instrument (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-19 (timely filing).
• Instrument: 94 Phantom Stock Units (PSUs) valued at $59.96 each; total ≈ $5,636.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes:
  • F1: Each PSU equals one share of Avnet common stock and will be settled in common stock after the reporting person leaves the Board or upon a change of control.
  • F2: Additional PSUs were acquired as a result of the quarterly dividend.
• Transaction type: Award/Grant (derivative), not a purchase or sale.

Context
PSUs are a common form of director compensation and represent a right to receive shares in the future; they do not create immediate market selling pressure. Because these units typically convert to stock only upon board departure or a change of control, they should be viewed as deferred/contingent compensation rather than an immediate insider investment signal.