A Form 4 filed on September 15, 2026, with the U.S. Securities and Exchange Commission reports that Philip R. Gallagher, Chief Executive Officer and Director of Avnet Inc (NASDAQ:AVT), acquired 20,360 shares of common stock on September 14, 2026, through performance stock units earned under long-term incentive plans at a price of $0.

Key Highlights

  • Transaction: Philip R. Gallagher acquired 20,360 shares of Avnet common stock on September 14, 2026, via an "A" (acquisition) transaction code at $0 per share.
  • PSU Source: According to the filing, the shares consist of performance stock units earned under long-term incentive plans.
  • Direct Holdings: Following the transaction, Gallagher directly holds 327,609 shares of common stock, of which 234,622 shares are earned but not vested.
  • Indirect Holdings: Gallagher also indirectly holds 209,531 shares through the Gallagher Family Trust.
  • Stock Options: The filing reports two outstanding employee stock option positions: 150,048 shares at an exercise price of $29.38, expiring 11/16/2030, and 194,252 shares at $39.62, expiring 08/22/2031, both held directly.
  • Option Vesting: According to the filing, each option vested in four equal annual installments beginning on the first anniversary of the date of grant.

Avnet CEO's Long-Term Incentive Award and Beneficial Ownership Details

According to the Form 4 filed September 15, 2026, Gallagher acquired 20,360 shares of Avnet Inc common stock on September 14, 2026, through an acquisition coded "A" at a price of $0. The filing states these shares consist of performance stock units earned under long-term incentive plans. The form was signed by Darrel S. Jackson as Attorney-In-Fact.

Following the reported transaction, the filing discloses that Gallagher directly holds 327,609 shares of Avnet common stock. The filing notes that this total includes 234,622 shares that have been earned but not yet vested. In addition to his direct holdings, Gallagher indirectly holds 209,531 shares through the Gallagher Family Trust, as reported in Table I of the form.

Table II of the filing discloses two employee stock option positions, both held directly. The first covers 150,048 shares of common stock at an exercise price of $29.38, with an expiration date of November 16, 2030. The second covers 194,252 shares at an exercise price of $39.62, with an expiration date of August 22, 2031. The filing states that each option vested in four equal annual installments beginning on the first anniversary of the date of grant. No derivative securities were acquired or disposed of in the reported transaction period.

What Was Disclosed

The filing discloses that Avnet CEO Philip R. Gallagher acquired 20,360 shares of common stock through performance stock units on September 14, 2026, bringing his direct beneficial ownership to 327,609 shares, with an additional 209,531 shares held indirectly through a family trust.