MADDOCK ERNEST E 4
4 · AVNET INC · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Avnet (AVT) Director Ernest Maddock Receives Award of 94 PSUs
What Happened
Ernest E. Maddock, a director of Avnet, received an award of 94 Phantom Stock Units (PSUs) on 2026-03-18. The filing values each PSU at $59.96, for a total reported value of about $5,636. This is an award of a derivative equity instrument (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-18; Filing date: 2026-03-19 (timely filing).
- Instrument: 94 Phantom Stock Units (PSUs) valued at $59.96 each; total ≈ $5,636.
- Shares owned after transaction: not specified in the provided summary of the filing.
- Footnotes:
- F1: Each PSU equals one share of Avnet common stock and will be settled in common stock after the reporting person leaves the Board or upon a change of control.
- F2: Additional PSUs were acquired as a result of the quarterly dividend.
- Transaction type: Award/Grant (derivative), not a purchase or sale.
Context
PSUs are a common form of director compensation and represent a right to receive shares in the future; they do not create immediate market selling pressure. Because these units typically convert to stock only upon board departure or a change of control, they should be viewed as deferred/contingent compensation rather than an immediate insider investment signal.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2]2026-03-18$59.96/sh+94$5,636→ 16,228 total→ Common Stock (94 underlying)
- 5,265
Common Stock
Footnotes (2)
- [F1]Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock, and will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon change of control of the Issuer.
- [F2]Additional PSUs acquired as a result of the quarterly dividend.