Philip R. Gallagher, Chairman and CEO of Avnet Inc. (AVT), sold 46,068 shares of the company's stock on February 25, 2026. The shares were sold at a price of $67.42 per share, totaling approximately $3,105,904.
Insider sales can occur for various reasons, including personal financial planning, diversification of assets, or tax considerations, and do not necessarily indicate a lack of confidence in the company's future performance.
This transaction follows other recent insider activity at Avnet. On February 24, 2026, Philip R. Gallagher also sold 46,068 shares for approximately $3,105,904. Earlier in the month, on February 17, 2026, Michael Ryan McCoy, another insider, sold 36,292 shares valued at approximately $2,376,400.