Avnet (AVT) CIO Chan Leng Jin Sells 13,000 Shares

What Happened

• Chan Leng Jin, Senior Vice President and Chief Information Officer of Avnet, reported two transactions: a grant of 2,233 performance stock units on 2026-09-14 (awarded at $0.00) and a disposition of 13,000 shares on 2026-09-16 for an aggregate proceeds of $1,218,230 (average price $93.71).
• The award consists of performance stock units (PSUs) under Avnet’s long‑term incentive plans; the sale/disposition was reported as to the issuer.

Key Details

• Transaction dates and prices:
  • 2026-09-14: Award of 2,233 PSUs (reporting value $0.00 at grant) [Footnote F1].
  • 2026-09-16: Disposition of 13,000 shares at an average price of $93.71, total $1,218,230. Footnote F2 notes some shares sold at $93.82 and some at $93.71; the filer will provide a breakdown on request.
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes:
  • F1: PSUs earned under long‑term incentive plans.
  • F2: Variation in sale prices; average reported $93.71.
  • F3: Filing notes 30,274 shares that are earned but not vested.
• Timeliness: Filed on 2026-09-16 for transactions dated 2026-09-14 and 2026-09-16; no late filing flag indicated.

Context

• PSUs are compensation awards that typically vest based on performance and/or time; the 2,233-unit grant is reported as an award, not a cash purchase.
• A “disposition to the issuer” can reflect different mechanics (e.g., surrendering shares related to awards or withholding), but the filing does not state the reason for the disposition beyond the transaction type and prices.