GASSEL HELMUT 4

What Happened
Helmut Gassel, a director of Avnet, received an award of 29 phantom stock units (PSUs) on 2026-06-17. The reported grant price was $90.91 per unit, for a total reported value of $2,636. This is a compensation award (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction type: Award/Acquisition of derivative securities (Code A).
• Transaction date: 2026-06-17; Filing date (Form 4): 2026-06-22.
• Quantity and price: 29 PSUs @ $90.91 each; total reported value $2,636.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — Each PSU equals one share and will be settled in common stock after the reporting person leaves the board or upon a change of control. F2 — Additional PSUs were credited due to the quarterly dividend.
• Timing note: Form 4 was filed five days after the transaction date; Form 4s are typically required within two business days.

Context
PSUs are a form of deferred compensation and are treated as derivative securities until settled; they do not represent immediate open-market buying pressure. Settlement will convert PSUs to Avnet common stock upon the triggers described in the footnote (board departure or change of control).