Avnet (AVT) CPO Ken Arnold Receives Award, Surrenders Shares

What Happened

• Ken E. Arnold, Avnet’s Senior Vice President and Chief People Officer, was granted 5,111 performance-based shares (an award) on 2026-08-27 (acquired at $0.00). On the same date he surrendered 2,139 shares at $87.81 each (disposed) to satisfy tax withholding obligations, generating a withholding value of $187,826.
• The award consists of performance stock units earned under Avnet’s long-term incentive plan (per filing footnote). The share surrender was a tax withholding (not an open-market sale).

Key Details

• Transaction date: 2026-08-27; Form 4 filed 2026-08-28 (filed promptly).
• Award: 5,111 shares granted at $0.00 (performance stock units, footnote F1).
• Withholding: 2,139 shares surrendered at $87.81 each for taxes; total value withheld ≈ $187,826 (footnote F2).
• Holdings note: the filing indicates holdings include 37,844 shares that have been earned but not yet vested (footnote F3).
• Transaction codes: A = Award/Grant, F = Tax withholding; this was not a market sale for cash proceeds.

Context

• This was primarily an awards/compensation event (performance stock units granted). The surrender of shares was a routine tax-withholding action (cashless withholding) tied to the issuance of those award shares, not an indication of a market sale or change in investment stance.
• Other footnotes in the filing reference option vesting schedules but are not directly related to this award-and-withholding transaction.