Philip R. Gallagher, Chief Executive Officer and Director of Avnet Inc., filed a Form 4 on September 18, 2026, disclosing two transactions in Avnet common stock dated September 17, 2026, involving a charitable gift and an inter-account transfer to a family trust, both at $0 price.

Key Highlights

  • Charitable gift: 250 shares of Avnet common stock were donated to a non-profit organization (transaction code G) at $0, disposed of from the Gallagher Family Trust's indirect holdings.
  • Trust transfer: 63,176 shares were transferred (transaction code J) from Gallagher's direct holdings to the Gallagher Family Trust at $0.
  • Post-transaction direct ownership: Gallagher directly holds 264,433 shares of Avnet common stock following the reported transactions.
  • Post-transaction indirect ownership: The Gallagher Family Trust holds 272,707 shares indirectly following the reported transactions.
  • Filing signed: Darrel S. Jackson, Attorney-In-Fact, signed the form on September 18, 2026.

Avnet CEO Discloses Charitable Donation and Family Trust Transfer of Common Stock

According to the filing, Philip R. Gallagher, who serves as both Chief Executive Officer and Director of Avnet Inc. (NASDAQ:AVT), reported two transactions in the company's common stock, each occurring on September 17, 2026, and each executed at a price of $0. The filing was submitted on September 18, 2026, and covers non-derivative securities only, with no derivative security transactions reported.

The first transaction, coded G, involved the disposal of 250 shares from the Gallagher Family Trust to a non-profit organization, described in the filing's footnotes as "shares donated as a gift to a non-profit organization." The second transaction, coded J, involved the disposal of 63,176 shares from Gallagher's direct holdings and a corresponding acquisition of 63,176 shares by the Gallagher Family Trust, described as "shares transferred to Gallagher Family Trust." Both transactions carried a stated price of $0.

Following these transactions, the filing reports that Gallagher directly owns 264,433 shares of Avnet common stock, while the Gallagher Family Trust holds 272,707 shares indirectly on his behalf. The form was filed by one reporting person and was signed by Darrel S. Jackson as Attorney-In-Fact on September 18, 2026.

What Was Disclosed

Gallagher's Form 4 disclosed a $0-price charitable gift of 250 shares and an intra-personal transfer of 63,176 shares to the Gallagher Family Trust, resulting in direct ownership of 264,433 shares and indirect trust ownership of 272,707 shares.