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Companies Avnet

Avnet (AVT): executive pay, fiscal 2026

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CEO total pay$11,980,898CEO Philip Gallagher · source
Say-on-pay support92.58%Latest vote · source
CEO vs. named peers31st pct.Of 14 peer CEOs
CEO pay ratio250:1To the median employee · source

CEO pay, last three years

  • $8,775,978FY2024
  • $9,894,132FY2025
  • $11,980,898FY2026

CEO total pay was $11,980,898 in fiscal 2026, up from $9,894,132 in fiscal 2025.

FY2026: salary $1,200,000 · stock awards $7,970,035 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Avnet in fiscal 2026?
As disclosed, Philip Gallagher (Chief Executive Officer) was the highest-paid executive at Avnet in fiscal 2026, with total compensation of $11,980,898.
How does Avnet's chief executive pay compare to its disclosed peer group?
As disclosed, Philip Gallagher's total compensation ranked at the 31st percentile of Avnet's disclosed peer group.
What is Avnet's CEO-to-median employee pay ratio?
As disclosed, Avnet's CEO-to-median employee pay ratio was 250:1.
How did shareholders vote on Avnet's executive compensation?
As disclosed, 92.58% of shareholders supported Avnet's executive compensation in the latest say-on-pay vote.
How much does Avnet spend in total on board compensation for fiscal 2026?
As disclosed, Avnet reported total board compensation of $3,048,750 for fiscal 2026.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Philip Gallagher$1,200,000—$7,970,035$0$2,706,893$38,689$65,281$11,980,898
Chief Executive Officer
Kenneth Jacobson725,000—2,062,76301,022,13454,35449,4103,913,661
Chief Financial Officer
Michael McCoy635,000—1,500,1810716,19852,25063,0132,966,642
General Counsel and Chief Legal Officer
Ken Arnold600,000—1,406,5270634,428101,92520,2782,763,158
Chief People Officer
Max Chan585,000—937,7520659,80554,83124,8022,262,190
Chief Information Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2026 totalFY2025 totalFY2024 totalΔ FY2025→2026
Philip Gallagher$11,980,898$9,894,132$8,775,978↑ +2,086,766
Kenneth Jacobson3,913,6613,026,1662,388,762↑ +887,495
Michael McCoy2,966,6422,450,5632,204,838↑ +516,079
Ken Arnold2,763,1582,246,3982,021,154↑ +516,760
Max Chan2,262,190———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Committee’s objective is to approve and oversee a compensation program that supports the Company’s business objectives and aligns executives’ interests with shareholders’ interests by rewarding short- and long-term performance that enhances shareholder value.

CEO STI target (% of salary)160%
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Ken ArnoldRSU2025-08-21——14,200—$712,470
Philip GallagherRSU2025-08-21——80,460—4,036,994
Ken ArnoldPSU2025-08-212,84014,199—28,398694,057
Max ChanRSU2025-08-21——9,468—475,047
Max ChanPSU2025-08-211,8939,466—18,932462,705
Philip GallagherPSU2025-08-2116,09280,462—160,9243,933,041
Michael McCoyPSU2025-08-213,02915,146—30,292740,347
Michael McCoyRSU2025-08-21——15,144—759,834
Kenneth JacobsonRSU2025-08-21——20,824—1,044,822
Kenneth JacobsonPSU2025-08-214,16520,825—41,6501,017,941

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Ken Arnold$712,470$694,057$049.3%
Philip Gallagher4,036,9943,933,041049.3%
Max Chan475,047462,705049.3%
Michael McCoy759,834740,347049.4%
Kenneth Jacobson1,044,8221,017,941049.3%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Max ChanRSU1,875—$161,944
Ken ArnoldRSU2,999—259,024
Michael McCoyRSU3,249—280,616
Kenneth JacobsonRSU3,749—323,801
Ken ArnoldRSU6,184—534,112
Michael McCoyRSU6,710—579,543
Max ChanRSU7,101—613,313
Ken ArnoldPSU7,669—662,372
Michael McCoyPSU8,322—718,771
Kenneth JacobsonRSU8,702—751,592
Ken ArnoldRSU10,650—919,841
Kenneth JacobsonPSU10,793—932,191
Michael McCoyRSU11,358—980,990
Max ChanPSU11,414—985,827
Kenneth JacobsonRSU15,618—1,348,927
Ken ArnoldPSU17,121—1,478,741
Philip GallagherRSU17,497—1,511,216
Michael McCoyPSU18,263—1,577,375
Kenneth JacobsonPSU25,110—2,168,751
Philip GallagherRSU35,498—3,065,962
Philip GallagherPSU44,025—3,802,439
Philip GallagherRSU60,345—5,211,998
Philip GallagherPSU97,019—8,379,531
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Rodney C. AdkinsIndependent · Board Chair · Executive (Chair) · Corporate Governance$290,000$200,000———$490,000
Oleg KhaykinIndependent · Executive · Technology and Risk (Chair) · Audit · Corporate Governance133,750200,000———333,750
Ernest E. MaddockIndependent · Executive · Technology and Risk · Audit (Chair) · Technology · Corporate Governance · Compensation132,500200,000———332,500
Jo Ann JenkinsIndependent · Executive · Technology and Risk · Compensation (Chair) · Technology · Corporate Governance127,500200,000———327,500
Adalio T. SanchezIndependent · Executive · Corporate Governance · Compensation · Technology and Risk122,500200,000———322,500
Helmut GasselIndependent · Technology and Risk · Audit · Technology116,250200,000———316,250
Virginia L. HenkelsIndependent · Corporate Governance · Audit · Compensation116,250200,000———316,250
Brenda L. FreemanIndependent · Corporate Governance · Compensation105,000200,000———305,000
Avid ModjtabaiIndependent · Technology and Risk · Compensation · Corporate Governance105,000200,000———305,000
Philip R. GallagherEmployee director—————0

Board fee structure and ownership guideline

Annual cash retainer$110,000
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)30,000 / 25,000 / 20,000
Stock ownership guidelineThe Company has stock ownership guidelines for its executive officers and, as of July 1, 2018, each of the executive officers was in compliance with these guidelines.

Total cost of the board

ComponentFY2026
Cash retainers and fees$1,248,750
Equity awards (grant-date value)$1,800,000
All other compensation$0
Total cost of the board$3,048,750

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Avnet as a peer

Companies that benchmark against AVT

14 companies name AVT as a compensation peer

Each company listed discloses AVT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AVT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2026

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

Of the companies Avnet names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Avnet.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Flex Ltd.2026Revathi Advaithi$1,325,000$38,446,348$0$3,950,117$44,391,138
2TE Connectivity Ltd.2025Terrence Curtin1,397,1256,612,7386,669,4443,243,80118,325,536
3Sanmina Corporation2025Jure Sola1,221,15413,639,10003,281,25018,183,981
4Celestica Inc.2025Robert Mionis1,150,00012,438,80003,450,00017,416,332
5Western Digital Corporation2026Irving Tan1,106,71812,623,99503,354,93917,168,701
6Jabil, Inc.2025Michael Dastoor1,176,84911,268,11603,521,72216,092,334
7CDW Corporation2025Christine Leahy1,073,65411,759,93702,162,59215,009,507
8Genuine Parts Company2025William Stengel1,018,7509,749,97301,474,12912,863,479
9Wesco International, Inc.2025John Engel1,412,1657,112,9362,275,0291,362,55012,308,746
10Avnet2026Philip Gallagher1,200,0007,970,03502,706,89311,980,898
11W.W. Grainger, Inc.2025D.G. Macpherson1,176,3708,451,81901,653,07511,609,508
12Insight Enterprises, Inc.2025Joyce Mullen1,000,0008,085,32601,383,00010,498,947
13TD Synnex Corporation2025Patrick Zammit1,000,0005,979,900—3,020,00010,265,592
14Arrow Electronics, Inc.2025Sean Kerins784,1047,000,084380,20609,264,540

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Avnet140.98%RSU 50 · PSU 50Yes — Relative TSR ModifierMeridian Compensation Partners, LLC
Arrow Electronics, Inc.93.3%PSU 70 · RSU 30Yes — Three-year Relative TSRPearl Meyer
CDW Corporation100.12%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
Celestica Inc.not disclosedPSU 60 · RSU 40NoWillis Towers Watson
Flex Ltd.180.68%RSU 33 · PRSU 20Yes — Relative TSR (rTSR)FW Cook
Genuine Parts Company96%PRSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Insight Enterprises, Inc.92.2%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners, LLC
Jabil, Inc.171%PSU 66 · RSU 33YesPay Governance
Sanmina Corporation140%not disclosedNoExequity
TD Synnex Corporationnot disclosedRSU 50 · PSU 50NoCompensia, Inc.
TE Connectivity Ltd.132.4%PSU 50 · Options 50NoPay Governance
W.W. Grainger, Inc.93%PSU 60 · RSU 40NoPay Governance, LLC
Wesco International, Inc.not disclosednot disclosedYes — Relative Total Stockholder Return (TSR) ModifierMeridian Compensation Partners, LLC
Western Digital Corporation200%PSU 50 · RSU 50Yes — Three-year relative Total Shareholder Return (TSR)Compensia, Inc.

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-11-2168,516,0645,490,867145,85892.58%Passed
20252025-11-2168,516,0645,490,867145,85892.58%Passed
20242024-11-2276,708,7592,320,419312,55197.06%Passed
20232023-11-1678,879,9721,748,424382,46397.83%Passed
20222022-11-1779,329,0182,995,09879,50896.36%Passed
20212021-11-1985,518,1154,028,91269,22095.5%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20252025-11-2192.58%a
20252025-11-2192.58%b
20242024-11-2297.06%c

a. Approved under the standard stated in the filing — “Abstentions are not counted in determining the votes cast, and therefore will have no effect on the outcome.”.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Abstentions are not counted in determining the votes cast, and therefore will have no effect on the outcome.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)250 : 1
CEO total compensation$11,980,898
Median employee compensation$47,977
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (59 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Philip Gallagher. DEF 14A, filed 2026-10-06. Section “Summary Compensation Table” · page 62. As printed: 11,980,898. View filing ↗
  • Section 01, Kenneth Jacobson. DEF 14A, filed 2026-10-06. Section “Summary Compensation Table”. As printed: 3,913,661. View filing ↗
  • Section 01, Michael McCoy. DEF 14A, filed 2026-10-06. Section “Summary Compensation Table”. As printed: 2,966,642. View filing ↗
  • Section 01, Ken Arnold. DEF 14A, filed 2026-10-06. Section “Summary Compensation Table”. As printed: 2,763,158. View filing ↗
  • Section 01, Max Chan. DEF 14A, filed 2026-10-06. Section “Summary Compensation Table”. As printed: 2,262,190. View filing ↗
  • Section 03, Ken Arnold RSU. DEF 14A, filed 2026-10-06. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Philip Gallagher RSU. DEF 14A, filed 2026-10-06. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Ken Arnold PSU. DEF 14A, filed 2026-10-06. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Max Chan RSU. DEF 14A, filed 2026-10-06. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Max Chan PSU. DEF 14A, filed 2026-10-06. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Philip Gallagher PSU. DEF 14A, filed 2026-10-06. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael McCoy PSU. DEF 14A, filed 2026-10-06. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael McCoy RSU. DEF 14A, filed 2026-10-06. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Kenneth Jacobson RSU. DEF 14A, filed 2026-10-06. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Kenneth Jacobson PSU. DEF 14A, filed 2026-10-06. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-10-06. Section “CEO Pay Ratio”. As printed: 250 : 1. View filing ↗
  • Section 08, Rodney C. Adkins. DEF 14A, filed 2026-10-06. Section “Director Compensation”. As printed: 490,000. View filing ↗
  • Section 08, Oleg Khaykin. DEF 14A, filed 2026-10-06. Section “Director Compensation”. As printed: 333,750. View filing ↗
  • Section 08, Ernest E. Maddock. DEF 14A, filed 2026-10-06. Section “Director Compensation”. As printed: 332,500. View filing ↗
  • Section 08, Jo Ann Jenkins. DEF 14A, filed 2026-10-06. Section “Director Compensation”. As printed: 327,500. View filing ↗
  • Section 08, Adalio T. Sanchez. DEF 14A, filed 2026-10-06. Section “Director Compensation”. As printed: 322,500. View filing ↗
  • Section 08, Helmut Gassel. DEF 14A, filed 2026-10-06. Section “Director Compensation”. As printed: 316,250. View filing ↗
  • Section 08, Virginia L. Henkels. DEF 14A, filed 2026-10-06. Section “Director Compensation”. As printed: 316,250. View filing ↗
  • Section 08, Brenda L. Freeman. DEF 14A, filed 2026-10-06. Section “Director Compensation”. As printed: 305,000. View filing ↗
  • Section 08, Avid Modjtabai. DEF 14A, filed 2026-10-06. Section “Director Compensation”. As printed: 305,000. View filing ↗
  • Section 08, Philip R. Gallagher. DEF 14A, filed 2026-10-06. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-11-21. Item 5.07 · say-on-pay result. As reported: 92.58% (votes for as printed: 68,516,064). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-11-21. Item 5.07 · say-on-pay result. As reported: 92.58% (votes for as printed: 68,516,064). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-11-25. Item 5.07 · say-on-pay result. As reported: 97.06% (votes for as printed: 76,708,759). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,248,750 + equity 1,800,000 + all other 0 = 3,048,750, summed across the director compensation table rows.
  • Flex Ltd., Section 10b CEO total. DEF 14A, filed 2026-10-05. CEO total compensation as printed in Flex Ltd.'s own proxy. As printed: 44,391,138. View filing ↗
  • TE Connectivity Ltd., Section 10b CEO total. DEF 14A, filed 2026-01-15. CEO total compensation as printed in TE Connectivity Ltd.'s own proxy. As printed: 18,325,536. View filing ↗
  • Sanmina Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-23. CEO total compensation as printed in Sanmina Corporation's own proxy. As printed: 18,183,981. View filing ↗
  • Celestica Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Celestica Inc.'s own proxy. As printed: 17,416,332. View filing ↗
  • Western Digital Corporation, Section 10b CEO total. DEF 14A, filed 2026-10-05. CEO total compensation as printed in Western Digital Corporation's own proxy. As printed: 17,168,701. View filing ↗
  • Jabil, Inc., Section 10b CEO total. DEF 14A, filed 2025-12-12. CEO total compensation as printed in Jabil, Inc.'s own proxy. As printed: 16,092,334. View filing ↗
  • CDW Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in CDW Corporation's own proxy. As printed: 15,009,507. View filing ↗
  • Genuine Parts Company, Section 10b CEO total. DEF 14A, filed 2026-02-27. CEO total compensation as printed in Genuine Parts Company's own proxy. As printed: 12,863,479. View filing ↗
  • Wesco International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Wesco International, Inc.'s own proxy. As printed: 12,308,746. View filing ↗
  • Avnet (subject), Section 10b CEO total. DEF 14A, filed 2026-10-06. CEO total compensation as printed in Avnet's own proxy. As printed: 11,980,898. View filing ↗
  • W.W. Grainger, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in W.W. Grainger, Inc.'s own proxy. As printed: 11,609,508. View filing ↗
  • Insight Enterprises, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Insight Enterprises, Inc.'s own proxy. As printed: 10,498,947. View filing ↗
  • TD Synnex Corporation, Section 10b CEO total. DEF 14A, filed 2026-02-13. CEO total compensation as printed in TD Synnex Corporation's own proxy. As printed: 10,265,592. View filing ↗
  • Arrow Electronics, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Arrow Electronics, Inc.'s own proxy. As printed: 9,264,540. View filing ↗
  • Section 10a, TE Connectivity Ltd. reciprocity. DEF 14A. TE Connectivity Ltd.'s most recent proxy was read; its disclosed peer group does not include Avnet. View filing ↗
  • Section 10a, TD SYNNEX Corporation reciprocity. DEF 14A. TD SYNNEX Corporation names Avnet in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Insight Enterprises, Inc. reciprocity. DEF 14A. Insight Enterprises, Inc. names Avnet in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, WESCO International, Inc. reciprocity. DEF 14A. WESCO International, Inc. names Avnet in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Jabil, Inc. reciprocity. DEF 14A. Jabil, Inc. names Avnet in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Arrow Electronics, Inc. reciprocity. DEF 14A. Arrow Electronics, Inc. names Avnet in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Sanmina Corporation reciprocity. DEF 14A. Sanmina Corporation names Avnet in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Western Digital Corporation reciprocity. DEF 14A. Western Digital Corporation's most recent proxy was read; its disclosed peer group does not include Avnet. View filing ↗
  • Section 10a, W.W. Grainger, Inc. reciprocity. DEF 14A. W.W. Grainger, Inc.'s most recent proxy was read; its disclosed peer group does not include Avnet. View filing ↗
  • Section 10a, Flex Ltd. reciprocity. DEF 14A. Flex Ltd. names Avnet in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Genuine Parts Company reciprocity. DEF 14A. Genuine Parts Company's most recent proxy was read; its disclosed peer group does not include Avnet. View filing ↗
  • Section 10a, CDW Corporation reciprocity. DEF 14A. CDW Corporation names Avnet in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Celestica Inc. reciprocity. DEF 14A. Celestica Inc.'s most recent proxy was read; its disclosed peer group does not include Avnet. View filing ↗
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