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Avery Dennison Corp — Director's Dealing 2021
Mar 3, 2021
30491_dirs_2021-03-02_a878f915-128d-4c3b-b7c6-39725a5d46f7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2021-02-27
Reporting Person: STANDER DEON (VP/General Manager, RBIS)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-27 | Common Stock | M | 1266 | $177.45 | Acquired | 27006 | Direct |
| 2021-02-27 | Common Stock | F | 571 | $177.45 | Disposed | 26435 | Direct |
| 2021-02-27 | Common Stock | M | 1447 | $177.45 | Acquired | 27882 | Direct |
| 2021-02-27 | Common Stock | F | 642 | $177.45 | Disposed | 27240 | Direct |
| 2021-02-27 | Common Stock | M | 1827 | $177.45 | Acquired | 29067 | Direct |
| 2021-02-27 | Common Stock | F | 811 | $177.45 | Disposed | 28256 | Direct |
| 2021-02-27 | Common Stock | M | 1242 | $177.45 | Acquired | 29498 | Direct |
| 2021-02-27 | Common Stock | F | 551 | $177.45 | Disposed | 28947 | Direct |
| 2021-02-27 | Common Stock | M | 4809 | $177.45 | Acquired | 33756 | Direct |
| 2021-02-27 | Common Stock | F | 2133 | $177.45 | Disposed | 31623 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-27 | 2017 MSU Award | $0 | M | 1266 | Disposed | 2021-02-27 | Common Stock (1266) | Direct |
| 2021-02-27 | 2018 MSU Award | $0 | M | 1447 | Disposed | 2022-02-22 | Common Stock (1447) | Direct |
| 2021-02-27 | 2019 MSU Award | $0 | M | 1827 | Disposed | 2023-02-28 | Common Stock (1827) | Direct |
| 2021-02-27 | 2020 MSU Award | $0 | M | 1242 | Disposed | 2024-02-27 | Common Stock (1242) | Direct |
| 2021-02-27 | 2018 PU Award | $0 | M | 4809 | Disposed | 2021-02-27 | Common Stock (4809) | Direct |
| 2021-03-01 | 2021 MSU Award | $0 | A | 2312 | Acquired | 2025-03-01 | Common Stock (2312) | Direct |
| 2021-03-01 | 2021 PU Award | $0 | A | 2750 | Acquired | 2024-03-01 | Common Stock (2750) | Direct |
| 2021-03-01 | 2021 Special PU Award | $0 | A | 2547 | Acquired | 2024-03-01 | Common Stock (2547) | Direct |
Footnotes
F1: Shares reflect the vesting of the fourth tranche of market-leveraged stock units granted in February 2017 at 200% of target based on our absolute total stockholder return in excess of 10% during the 2017-2020 performance period, plus dividend equivalents accrued during the period.
F2: Shares reflect the vesting of the third tranche of market-leveraged stock units granted in February 2018 at 146% of target based on our absolute total stockholder return in excess of 10% during the 2018-2020 performance period, plus dividend equivalents accrued during the period.
F3: Shares reflect the vesting of the second tranche of market-leveraged stock units granted in February 2019 at 197% of target based on our absolute total stockholder return in excess of 10% during the 2019-2020 performance period, plus dividend equivalents accrued during the period.
F4: Shares reflect the vesting of the first tranche of market-leveraged stock units granted in February 2020 at 120% of target based on our absolute total stockholder return in excess of 10% during the 2020 performance period, plus dividend equivalents accrued during the period.
F5: Shares reflect the vesting of performance units granted in February 2018 at 126% of target, 100% on RBIS's cumulative economic value added, as adjusted by the Compensation Committee in February 2021.
F6: Market-leveraged stock units vest 25% over one-, two-, three- and four-year performance periods, with the number of shares paid on each vesting date based on our absolute total stockholder return, plus dividend equivalents accrued during the vesting period. Each market-leveraged stock unit represents a contingent right to receive one share of Avery Dennison Corporation common stock, plus dividend equivalents.
F7: Performance units vest, if at all, at the end of fiscal year 2023, provided the designated performance objectives are met as determined by the Compensation Committee in February 2024. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.
F8: Performance units vest, if at all, at the end of fiscal year 2023, provided the designated performance objectives are met as determined by the Compensation Committee in February 2024. Each performance unit represents a contingent right to receive one share of Avery Dennison Corporation common stock.