Avnet (AVT) CEO Philip R. Gallagher Receives Stock Award

What Happened
Philip R. Gallagher, CEO of Avnet, was granted 120,991 shares (reported as an award on Form 4) on August 20, 2026. The grant is reported at $0.00 per share (awarded units, not an open‑market purchase), so no cash changed hands at grant. The filing indicates these awards consist of restricted stock units (RSUs) and performance stock units (PSUs) issued under Avnet’s long‑term incentive plans.

Key Details

• Transaction date: 2026-08-20; Form 4 filed 2026-08-21 (appears timely).
• Transaction type/code: Award/Grant (A).
• Quantity and price: 120,991 units at $0.00 (total reported value $0 at grant).
• Shares/units referenced after transaction: filing notes include 170,884 unvested RSUs and 73,189 unvested PSUs (per footnote).
• Footnotes: F1 — awards consist of RSUs and PSUs under LTI plans; F2 — includes the unvested unit totals above; F3 — describes an option vesting schedule (vested in four equal annual installments beginning one year after grant).
• No sale or purchase reported (this is a compensation award, not a market trade).

Context
RSUs and PSUs are typically subject to vesting and, for PSUs, achievement of performance goals; they do not represent immediately sellable shares until vesting conditions are met. Awards reported at $0 on Form 4 reflect grant reporting rather than open‑market value; they are standard executive compensation disclosures and do not, by themselves, indicate buying or selling sentiment.