Philip R. Gallagher, Chief Executive Officer and Director of Avnet Inc., filed a Form 4 on August 13, 2026, reporting option exercises and open-market share sales executed on August 12, 2026.

Key Highlights

  • Options exercised: Gallagher exercised two employee stock options, acquiring 31,900 shares at $39.72 and 20,000 shares at $29.38 on August 12, 2026.
  • Shares sold: He disposed of 31,900 shares and 20,000 shares, both at an average price of $98.46, with individual transaction prices ranging from $98.43 to $98.74.
  • Direct ownership after transactions: Gallagher directly holds 168,923 shares of common stock following the reported transactions.
  • Indirect ownership: An additional 209,531 shares are held indirectly by the Gallagher Family Trust.
  • Remaining options: Gallagher retains 194,252 unexercised employee stock options with an exercise price of $39.62, expiring August 22, 2031, and 150,048 options at $29.38.
  • Issuer: The filing identifies the issuer as Avnet Inc., trading on NASDAQ:AVT.

Avnet CEO Reports Option Exercises and Share Disposals on August 12, 2026

According to the Form 4 filed with the SEC on August 13, 2026, Philip R. Gallagher, who serves as both Chief Executive Officer and Director of Avnet Inc. (NASDAQ:AVT), exercised two tranches of employee stock options on August 12, 2026. The first involved 31,900 shares acquired at an exercise price of $39.72, and the second involved 20,000 shares acquired at an exercise price of $29.38. Both option grants are reported as having vested in four equal annual installments beginning on the first anniversary of the grant date, according to the filing's explanation of responses.

Following each exercise, Gallagher disposed of the corresponding shares in open-market sales. The filing reports that 31,900 shares and 20,000 shares were each sold at an average price of $98.46 per share. The filing notes that these sales were executed in multiple transactions at prices ranging from $98.43 to $98.74, and states that upon request, Gallagher will provide the number of shares sold at each price to Avnet, any Avnet security holder, or the SEC.

After all reported transactions, Gallagher's direct beneficial ownership stands at 168,923 shares of Avnet common stock. He also holds 209,531 shares indirectly through the Gallagher Family Trust. In Table II, the filing shows that Gallagher retains 194,252 employee stock options at an exercise price of $39.62, expiring August 22, 2031, as well as 150,048 employee stock options at $29.38. The form was signed by Darrel S. Jackson as Attorney-In-Fact on August 13, 2026.

What Was Disclosed

The filing reports that Avnet CEO Philip R. Gallagher exercised stock options to acquire 51,900 shares and subsequently sold all 51,900 shares on August 12, 2026, resulting in direct beneficial ownership of 168,923 shares and indirect holdings of 209,531 shares via the Gallagher Family Trust.