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AVNET INC — Director's Dealing 2021
Jan 5, 2021
31125_dirs_2021-01-05_e151da1c-cc93-44c4-af4a-2da021499af4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2021-01-04
Reporting Person: Freeman Brenda (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-04 | Phantom Stock Units | $ | A | 4535 | Acquired | Common Stock (4535) | Direct |
Footnotes
F1: Each PSU is the economic equivalent of one share of the Issuer's common stock, and is to be settled in the Issuer's common stock on a one-for-one basis after cessation of the reporting person's membership on the Issuer's Board or upon change of control of the Issuer.
F2: In regards to director annual grant of stock, based on $35.28 per share. The reporting person has elected to defer 100% of the director's annual stock grant, whereby Phantom Stock Units ("PSUs") were issued in lieu pursuant to the Avnet, Inc. Deferred Compensation Plan for Outside Directors.