In 2022, Philip R. Gallagher earned $7.26M in total compensation at Avnet, including $1.15M salary and $6.08M bonus. Most recently acquired 91,020 shares in Aug 2024. Currently holds stock worth $20.03M. Has donated $2.77M in stock to charitable causes. 5+ years at the helm of Avnet.
Compensation History
Annual executive compensation data for Philip R. Gallagher, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$7.26M
Salary
$1.15M
Bonus
$6.08M
Other
$28.78K
Salary
$1.15MBoard Justification
The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on long-term shareholder value.
Bonus
$6.08MBoard Justification
Annual cash incentive based on pre-established performance goals, with a target of $1,725,000 and a maximum payout of $3,450,000, achieved at 141.02% of target.
Other Compensation
$28.78KBoard Justification
Includes expenses associated with the Company’s automobile program and the cost of annual physical exams.
Restricted Stock
Board Justification
No stock awards vested in 2022 as the focus is on cash compensation and performance-based incentives.
Performance Metrics
Performance metrics include financial performance goals such as Adjusted Operating Income, Return on Working Capital, and Relative Market Share.
Philip R. Gallagher
CEO of Avnet
Sector of Economy
Technology
CEO of Avnet for
5 years 0 months (Nov 2020 - Present)
Previous Experience
Interim Chief Executive Officer of Avnet since August 2020
Other Avnet CEOs
Holdings
Track Philip R. Gallagher's stock holdings and portfolio value over time.
Total Stock Sold
$10.62M
$10.62M
242,917 AVT shares
What if they kept their stock?
If Philip R. Gallagher didn't sell their stock, today they would have:
Extra AVT242,917 shares worth $11.97M.
This is 12.72% and $1.35M more than what they got when they sold the stock.
Charitable Transactions
56,154 shares
AVT
Recent Charitable Transactions
14,488 shares
AVT
Jan 2, 2015
Charity
10,512 shares
AVT
Nov 15, 2013
Charity
3,200 shares
AVT
Aug 15, 2013
Charity
5,066 shares
AVT
Jan 29, 2013
Charity
9,921 shares
AVT
Jan 2, 2013
Charity
4,874 shares
AVT
Jan 31, 2012
Charity
Insider Trading
Philip R. Gallagher's recent stock transactions, purchases, and sales filed with the SEC.
91,020 shares
AVT
Aug 15, 2024
Received
$1.61M
AVT at $53.74/share
May 29, 2024
Sale
$1.01M
AVT at $51.63/share
May 10, 2024
Sale
105,582 shares
AVT
Aug 29, 2023
Received
$1.35M
AVT at $41.35/share
May 15, 2023
Sale
84,374 shares
AVT
Aug 30, 2022
Received
63,100 shares
AVT
Aug 23, 2021
Received
$1.01M
AVT at $43.57/share
May 6, 2021
Sale
$901.50K
AVT at $42.62/share
May 4, 2021
Sale
59,564 shares
AVT
Nov 17, 2020
Received
Rivals
Compare Philip R. Gallagher with competitor CEOs and industry peers.
Christopher G. Thomas
CEO of Paycom Software
2023 Compensation
Stock
$4.97M
Salary
$401.73K
Bonus
$0.00
Other
$4.03K
Total Holdings
$8.91M
Michael Hsing
CEO of Monolithic Power Systems
2023 Compensation
Stock
$0.00
Salary
$831.60K
Bonus
$1.51M
Other
$0.00
Total Holdings
$9.05M
Terrence R. Curtin
CEO of TE Connectivity
2023 Compensation
Stock
$0.00
Salary
$1.30M
Bonus
$2.08M
Other
$368.57K
Total Holdings
$2.18M
Sean J. Kerins
CEO of Arrow Electronics
2023 Compensation
Stock
$4.00M
Salary
$1.00M
Bonus
$0.00
Other
$14.07K
Total Holdings
$12.73M