Adkins Rodney C 4
Research Summary
AI-generated summary
Avnet Director Rodney Adkins Receives 21 Phantom Stock Units
What Happened
Rodney C. Adkins, a member of Avnet Inc.'s Board of Directors, received an award of 21 Phantom Stock Units (PSUs) on June 17, 2026. The filing lists a per-unit value of $90.91, totaling $1,909. The grant is recorded as a derivative acquisition (award), not an open-market purchase.
Key Details
- Transaction date: 2026-06-17; Form 4 filed 2026-06-22.
- Award: 21 PSUs at $90.91 per unit; total reported value $1,909.
- Shares owned after transaction: Not specified in 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.
- Filing timeliness: Reported on Form 4 with transaction date and filing date shown; filing does not indicate an exception or late-status flag.
Context
PSUs are a form of deferred/phantom equity: they represent a future right to receive common stock (per F1) rather than immediate share ownership. Such awards are typically part of director compensation and do not necessarily reflect near-term buying or selling by the insider.