KHAYKIN OLEG 4

What Happened
Oleg Khaykin, a director of Avnet, received a grant of 596 Phantom Stock Units (PSUs) on 2026-04-01. The filing reports the acquisition as a derivative award (code A) with a reported per-unit price of $0.00; the PSUs were issued in lieu of his quarterly cash retainer and were valued at $60.855 per share, for an aggregate economic value of approximately $36,270. This is a compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely filing).
• Instrument: 596 Phantom Stock Units (PSUs), reported as derivative award (A); reported acquisition price $0.00 on the Form 4.
• Valuation: PSUs issued based on $60.855 per share → ~ $36,269.58 total.
• Shares owned after transaction: not disclosed 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) PSUs were issued because Khaykin elected to defer 100% of his quarterly cash retainer under Avnet’s Deferred Compensation Plan for Outside Directors.
• Filing timeliness: filed the day after the transaction (no late-filing flag in the report).

Context
This is a routine director compensation deferral—a derivative grant that converts to common stock only upon board departure or a change in control—so it is compensation-related rather than a bullish insider purchase. For retail investors, such awards indicate how the company compensates outside directors but do not directly signal immediate insider buying or selling of shares.