AVNET (AVT) Director Rodney Adkins Receives 20 Phantom Stock Units

What Happened

• Rodney C. Adkins, a director of Avnet, received 20 Phantom Stock Units (PSUs) on 2026-09-23. The filing reports an acquisition (award) at a reported per-unit value/price of $100.17, for a total reported value of about $2,003. This was recorded as a derivative award (PSUs), not an open-market purchase of shares.

Key Details

• Transaction date: 2026-09-23; Form 4 filed: 2026-09-25 (filed two days after the transaction; appears timely).
• Transaction type/code: Award/Grant (A); derivative (PSU).
• Quantity and value: 20 PSUs × $100.17 = ~$2,003.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes: F1 — Each PSU equals one share and will be settled in Avnet common stock when the director leaves the Board or upon a change of control. F2 — These PSUs were acquired as a result of a quarterly dividend.
• No 10b5-1 plan or tax-withholding arrangement is reported in this filing.

Context

• PSUs are contingent awards (derivatives) that typically convert to actual shares on specified triggering events (here: departure from the Board or change of control). They do not represent immediate share sales or open-market buying, so they are different from outright purchases that might signal a director’s immediate bullishness. Because these units were credited as a dividend-related PSU, they likely reflect dividend-equivalent accrual rather than a new discretionary grant.