KHAYKIN OLEG 4

What Happened

• Oleg Khaykin, a director of Avnet, received a grant of 412.26 Phantom Stock Units (PSUs) on 2026-07-01. The award is valued at $87.93 per share, for a total reported value of $36,250. This was an award/compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (timely).
• Price/value used: $87.93 per share; total reported value $36,250.
• Shares/units granted: 412.26 PSUs (derivative security).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: PSUs equal one share each and will be settled in common stock when the director leaves the board or upon a change in control (F1). The PSUs were issued in lieu of his quarterly cash retainer under Avnet’s Deferred Compensation Plan for Outside Directors (F2).

Context

• These PSUs are a form of deferred compensation and are classified as derivative awards; they do not represent immediate ownership of common stock until settlement conditions are met. Such awards are routine for outside directors and reflect compensation choices (cash vs. equity deferral), not an open-market bullish purchase signal.