Avnet (AVT) SVP/CIO Chan Leng Jin Receives Award

What Happened

• Chan Leng Jin, Senior Vice President and Chief Information Officer of Avnet, received 3,194 performance stock units (awarded on 2026-08-27) and simultaneously surrendered 1,337 shares to satisfy tax withholding obligations, resulting in proceeds of about $117,402. The award is recorded at $0.00 per share as it represents earned performance units.

Key Details

• Date: 2026-08-27
• Transactions: A (award/acquisition) — 3,194 shares @ $0.00 (acquired); F (tax withholding/disposition) — 1,337 shares @ $87.81 (disposed) for $117,402.
• Holdings after transaction: filing notes holdings that include 24,877 shares earned but not yet vested (per footnote).
• Footnotes: F1 — units are performance stock units under the long-term incentive plan; F2 — shares were surrendered to pay taxes; F3 — includes 24,877 earned but unvested shares.
• Filing timeliness: No late-filing indication in the provided data.

Context

• This was an equity award (not an open-market purchase or sale). The surrender of shares to cover taxes is a routine cashless/withholding action often used when awards vest; it does not necessarily signal a change in insider sentiment. The award increases the insider’s potential future stake subject to vesting conditions.