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AVNET Executive Compensation (FY26)

AVT · Phoenix, AZ · Executive and director compensation, fiscal 2022 to 2026
Chief executive, fiscal 2026
◇
Philip Gallagher
Latest say-on-pay support
=
November 21, 2025
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (DEF 14A): October 6, 2026
17 filings cited on this page
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348 figures on this page: 337 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on AVNET

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Philip Gallagher: $9,894,132 → $11,980,898 (21.1% higher)
CEO pay ratio: 221:1 → 250:1 (13.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is AVNET's chief executive and what were they paid?
Philip Gallagher was paid $11,980,898 in total compensation as Chief Executive Officer for fiscal 2026. Compared with the $9,894,132 reported for fiscal 2025, Gallagher's total was 21.1% higher.
What was AVNET's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 92.6% of votes cast for or against in favor at the meeting held November 21, 2025.
Which companies are in AVNET's peer group?
Companies named in the disclosed peer group include Arrow Electronics, Inc., CDW Corporation, Celestica Inc., Flex Ltd. and Genuine Parts Company, among others.
What is AVNET's chief executive pay ratio?
The company reported a chief executive pay ratio of 250:1 for fiscal 2026, against median employee compensation of $47,977.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Philip Gallagher
Chief Executive Officer
◇—◇◇◇◇◇◇
Thomas Liguori
Former Chief Financial Officer
Departed during or after this year
◇—◇◇◇◇◇◇
Michael McCoy
General Counsel and Chief Legal Officer
◇—◇◇◇◇◇◇
Ken Arnold
Chief People Officer
◇—◇◇◇◇◇◇
Max Chan
Chief Information Officer
◇—◇◇◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Philip Gallagher
Chief Executive Officer and President, Electronic Components
◇—◇—◇◇◇◇
Michael McCoy
Senior Vice President, General Counsel and Chief Legal Officer
◇—◇—◇◇◇◇
Kenneth Jacobson
Chief Financial Officer
◇—◇—◇◇◇◇
Ken Arnold
Senior Vice President and Chief People Officer
◇—◇—◇◇◇◇
Rebeca Obregon-Jimenez
Senior Vice President, Strategic Business Engagements and Supplier Management
◇◇◇—◇—◇◇
Thomas Liguori
Former Chief Financial Officer
Departed during or after this year
◇———◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Philip Gallagher
Chief Executive Officer and President, Electronic Components
◇—◇—◇◇◇◇
Kenneth Jacobson
Chief Financial Officer
◇—◇—◇◇◇◇
Michael McCoy
Senior Vice President, General Counsel and Chief Legal Officer
◇—◇—◇◇◇◇
Ken Arnold
Senior Vice President and Chief People Officer
◇—◇—◇◇◇◇
Max Chan
Senior Vice President and Chief Information Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Philip Gallagher
Chief Executive Officer
◇—◇—◇◇◇◇
Kenneth Jacobson
Chief Financial Officer
◇—◇—◇◇◇◇
Michael McCoy
General Counsel and Chief Legal Officer
◇—◇—◇◇◇◇
Ken Arnold
Chief People Officer
◇—◇—◇◇◇◇
Max Chan
Chief Information Officer
◇—◇—◇◇◇◇
Dave Youngblood
Senior Vice President and Chief Digital Officer
————————
Fiscal 2026
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Philip Gallagher
Chief Executive Officer
◇—◇—◇◇◇◇
Kenneth Jacobson
Chief Financial Officer
◇—◇—◇◇◇◇
Michael McCoy
General Counsel and Chief Legal Officer
◇—◇—◇◇◇◇
Ken Arnold
Chief People Officer
◇—◇—◇◇◇◇
Max Chan
Chief Information Officer
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Ken E. ArnoldRSU◇——◇——◇
Ken E. ArnoldPSU◇◇◇—◇—◇
Kenneth A. JacobsonRSU◇——◇——◇
Kenneth A. JacobsonPSU◇◇◇—◇—◇
Max ChanRSU◇——◇——◇
Max ChanPSU◇◇◇—◇—◇
Michael R. McCoyPSU◇◇◇—◇—◇
Michael R. McCoyRSU◇——◇——◇
Philip R. GallagherRSU◇——◇——◇
Philip R. GallagherPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024, 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Philip GallagherPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Kenneth JacobsonPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Michael McCoyPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Ken ArnoldPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Max ChanPSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Ken Arnold
Chief People Officer · Severance agreement
Severance multiple◇
Severance base◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Kenneth Jacobson
Chief Financial Officer · Severance agreement
Severance base◇
Benefits continuation◇
Excise tax treatment◇
Non-solicit period◇
Max Chan
Chief Information Officer · Severance agreement
Excise tax treatment◇
Non-solicit period◇
Michael McCoy
General Counsel and Chief Legal Officer · Severance agreement
Severance multiple◇
Severance base◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Rodney C. Adkins
Board chair
◇◇————◇
Oleg Khaykin
◇◇————◇
Ernest E. Maddock
◇◇————◇
Jo Ann Jenkins
◇◇————◇
Adalio T. Sanchez
◇◇————◇
Virginia L. Henkels
◇◇————◇
Helmut Gassel
◇◇————◇
Avid Modjtabai
◇◇————◇
Brenda L. Freeman
◇◇————◇
Philip R. Gallagher served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: The 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.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
  • Arrow Electronics, Inc. ARW
  • CDW Corporation CDW
  • Celestica Inc. CLS
  • Flex Ltd. FLEX
  • Genuine Parts Company GPC
  • Hewlett Packard Enterprises symbol not shown
  • Insight Enterprises, Inc. NSIT
  • Jabil, Inc. JBL
  • Sanmina Corporation SANM
  • TD SYNNEX Corporation SNX
  • TE Connectivity Ltd. TEL
  • W.W. Grainger, Inc. GWW
  • WESCO International, Inc. WCC
  • Western Digital Corporation WDC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025November 21, 2025=◇◇◇
2024November 21, 2025=◇◇◇
2023November 22, 2024=◇◇◇
2022November 16, 2023=◇◇◇
2021November 17, 2022=◇◇◇
2020November 19, 2021=◇◇◇
2019November 17, 2020=◇◇◇
2018November 19, 2019=◇◇◇
2017November 16, 2018=◇◇◇
2016November 9, 2017=◇◇◇
2015November 10, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Philip Gallagher (Chief Executive Officer), FY2026 total compensation $11,980,898 (base salary $1,200,000) [exec_comp, SEC accession 0001104659-26-114038, filed 2026-10-06]

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What this page does not include

Everything above is a fact AVNET disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where AVNET sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Adviser switching and vote outcomes
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
348 figures on this page: 337 cited to the filing that reported them, 11 calculated from figures it prints.
337 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-114038
    CEO Pay Ratio​ · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Process for Reviewing Non-Employee Director Compensation · and 1 more section
  2. 0000008858-25-000069
    612,170 117,703 3,207,555 2. The proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers was approved, having received the following votes: Broker For Aga · Item 5.07 Submission of Matters to a Vote of Security Holders
  3. 0001104659-25-097498
    Summary Compensation Table
  4. 0000008858-24-000043
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001104659-24-107028
    SUMMARY COMPENSATION TABLE
  6. 0000008858-23-000042
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001104659-23-105871
    SUMMARY COMPENSATION TABLE
  8. 0001104659-22-120091
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001104659-22-104692
    Summary Compensation Table
  10. 0001104659-21-141870
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001104659-20-127369
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001104659-19-065853
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000008858-18-000074
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000008858-17-000076
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000008858-17-000072
  17. 0000008858-16-000065
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “AVNET executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/AVT (accessed 2026).
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The paid brief for AVNET

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
Get the executive briefGet the board briefNo account needed.
17 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers AVNET discloses

The companies named in AVT's own disclosed peer group.

Arrow Electronics, Inc.CDW CorporationCelestica Inc.Flex Ltd.Genuine Parts CompanyInsight Enterprises, Inc.Jabil, Inc.Sanmina CorporationTD SYNNEX CorporationTE Connectivity Ltd.W.W. Grainger, Inc.WESCO International, Inc.Western Digital Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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