Avnet (AVT) Director Virginia Henkels Receives 29 Phantom Units

What Happened

• Virginia Henkels, a director of Avnet, received 29 Phantom Stock Units (PSUs) on 2026-09-23. The filing reports a per-unit value of $100.17, for a total reported value of approximately $2,905. This transaction is recorded as an award/acquisition (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-23; Filing date: 2026-09-25 (appears timely).
• Instrument: 29 Phantom Stock Units (PSUs) at $100.17 per unit; total value ≈ $2,905.
• Transaction type: Award/acquisition of derivative securities (code A).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — Each PSU equals one share and will be settled in common stock after the reporting person leaves the board or upon a change of control. F2 — These PSUs were acquired as a result of the quarterly dividend.
• No 10b5‑1 plan, tax withholding, or late-filing flags are noted in the available details.

Context

• PSUs are derivative awards that generally convert to actual shares only upon specified events (here, board departure or change of control). They are not immediate common-stock purchases and do not represent an instant increase in voting power or tradable shares.
• The amount is small (~$2.9k) and appears to be a routine dividend-related grant rather than a significant insider buy or sale. As with all insider filings, this is factual disclosure and does not alone indicate the director’s market view.