AVNET (AVT) Director Helmut Gassel Receives 29 Phantom Stock Units

What Happened

Helmut Gassel, a director of Avnet, received 29 Phantom Stock Units (PSUs) on 2026-09-23. The filing reports an acquisition value of $100.17 per unit, totaling approximately $2,905. This transaction is recorded as an award/grant of derivative securities (transaction code A).

Key Details

• Transaction date: 2026-09-23; Filing date: 2026-09-25 (timely filed).
• Units awarded: 29 PSUs at $100.17 each; total reported value ≈ $2,905.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Each PSU equals one share and will be settled in Avnet common stock after the reporting person leaves the Board or upon a change of control.
  • F2: These PSUs were acquired as a result of a quarterly dividend.
• Transaction type: Award of derivative securities (not a purchase or sale of existing shares).

Context

PSUs are a form of deferred compensation and will convert to common stock under specified conditions (departure from the board or change in control). Such awards are often routine part of board compensation and do not by themselves indicate the director is buying or selling underlying shares for investment purposes.