Avnet CFO Kenneth Jacobson Receives 30,488-Share Award

What Happened
Kenneth A. Jacobson, Chief Financial Officer of Avnet Inc. (AVT), was granted 30,488 shares on August 20, 2026 as an award (transaction code A). The reported per-share acquisition price was $0.00 (a compensation grant), so there was no cash purchase. The filing states the award consists of restricted stock units (RSUs) and performance stock units (PSUs) granted under the company’s long-term incentive plans.

Key Details

• Transaction date: 2026-08-20; filing date: 2026-08-21 (timely filing).
• Transaction type/code: A — award/grant.
• Shares granted: 30,488; reported acquisition price: $0.00 (compensation grant).
• Footnotes: award consists of RSUs and PSUs under long-term incentive plans. Filing notes holdings include 43,029 unvested RSUs and 17,615 unvested PSUs (as reported).
• Shares owned after the transaction: total beneficial ownership not specified in the transaction line (see footnotes for unvested units).
• No 10b5-1 plan, tax-withholding, or sale information was disclosed in this filing.

Context
RSUs typically vest over time and convert to common shares at vesting; PSUs vest based on performance metrics and may vary in final payout. Grants like this are standard executive compensation and do not involve an immediate market purchase or sale—so they are not a direct bullish/bearish trading signal. Purchases (cash buys) usually convey clearer personal investment intent; awards primarily reflect company compensation decisions.