Avnet (AVT) CEO Philip Gallagher Receives 20,360-Share Award

What Happened

• Philip R. Gallagher, CEO of Avnet (AVT), was granted 20,360 shares (reported as an acquisition via award) on 2026-09-14. The award is reported at $0.00 per share (compensation grant), so no cash was exchanged.
• This grant consists of performance stock units earned under Avnet's long-term incentive plans (see footnote F1). Awards like this are compensation rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-09-14; Form 4 filed: 2026-09-15 (filed promptly the next day).
• Price: $0.00 per share; total reported cash consideration = $0.
• Footnote F1: Grant consists of performance stock units earned under long-term incentive plans.
• Footnote F2: Filing notes inclusion of 234,622 shares earned but not vested (these are reflected in reported holdings).
• Footnote F3: Notes an option vesting schedule (vests in four equal annual installments); this filing’s primary transaction was a PSU award, not an option exercise.
• Filing timeliness: Reported and filed promptly (no late filing indicated).

Context

• Performance stock units (PSUs) are conditional awards that typically vest based on performance metrics and/or time; they are compensation and do not represent an open-market purchase or sale.
• Because this was an award, it should be viewed as executive compensation rather than a direct market signal of buying or selling by the insider.