MADDOCK ERNEST E 4

What Happened

• Ernest E. Maddock, a director of Avnet, received an award of 62 Phantom Stock Units (PSUs) on 2026-06-17. The filing values the units at $90.91 each, totaling $5,636. The transaction is reported as an acquisition/award (code A) and is a derivative award rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-17; Filing date (SEC Accession): 2026-06-22.
• Price/value reported: $90.91 per unit; 62 units; total value $5,636.
• Transaction type: Award/Acquisition of PSUs (derivative), transaction code A.
• Settlement: Each PSU equals one share of Avnet common stock and will be settled in stock after the reporting person leaves the Board or upon a change in control (Footnote F1).
• Additional units: Filing notes extra PSUs were added due to the quarterly dividend (Footnote F2).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Timeliness: The Form 4 was filed five days after the transaction date. Form 4s are generally due within two business days of the transaction, so this appears to be a late filing.

Context

• These PSUs are a form of director compensation and are derivative awards that convert to common stock only on specified events (departure from the Board or change in control). Such awards are routine for board members and do not indicate an immediate open-market purchase or sale.