AVNET (AVT) Director Ernest Maddock Receives 60 PSUs

What Happened

• Ernest E. Maddock, a director of AVNET, received an award of 60 Phantom Stock Units (PSUs) on 2026-09-23. The filing lists an acquisition value of $110.17 per unit, for a total reported value of $6,610. This transaction is an award/grant (code A) of derivative units, not an open-market purchase.

Key Details

• Transaction date: 2026-09-23; Filing date: 2026-09-25 (timely).
• Price/value: $110.17 per PSU; total value reported $6,610.
• Shares owned after transaction: Not specified in the filing.
• Transaction type: Derivative award — Phantom Stock Units (PSUs).
• 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.
• Filing accession: 0000008858-26-000112.

Context

• PSUs are a form of equity compensation that convert to actual shares only upon certain events (departure from the board or change of control), so no immediate shares were delivered or sold. Such awards are routine for board compensation and do not necessarily indicate buy/sell intent by the insider.