Avnet (AVT) SVP Chan Leng Jin Receives Award of 14,157 Shares

What Happened

• Chan Leng Jin, Senior Vice President and Chief Information Officer of Avnet, was granted 14,157 shares via an award (Form 4 transaction type A) on 2026-08-20. The shares were reported as acquired at an acquisition price of $0.00, reflecting a grant of restricted stock units (RSUs) and performance stock units (PSUs) under Avnet’s long-term incentive plans. The filing does not list a cash value for the award in the Form 4.

Key Details

• Transaction date: 2026-08-20; Filing date (Form 4): 2026-08-21 (appears timely).
• Transaction type: Award/Grant (A); acquisition price reported as $0.00.
• Award composition: Footnote indicates these consist of restricted stock units and performance stock units.
• Unvested awards noted: filing footnote lists 19,774 unvested RSUs and 8,297 unvested PSUs (per the filing text).
• Shares owned after transaction: not explicitly stated in the Form 4 (see footnotes for unvested unit counts).
• No indication of a 10b5-1 plan, sale, exercise, or tax-withholding sale in this filing.

Context

• This was a compensation award, not an open-market purchase or sale. RSUs and PSUs are typically subject to vesting and performance conditions and do not represent immediately tradable shares until vested. Such grants are part of routine executive compensation and do not by themselves indicate the insider’s intent to buy or sell common stock.