AI assistant
Avery Dennison Corp — Director's Dealing 2024
Mar 6, 2024
30491_dirs_2024-03-05_02af41d6-07cc-48d1-8ebb-aaf51f830df9.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2024-03-01
Reporting Person: Butier Mitchell R (Director, Executive Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Common Stock | M | 10482 | $216.45 | Acquired | 314596 | Direct |
| 2024-03-01 | Common Stock | F | 6011 | $216.45 | Disposed | 308585 | Direct |
| 2024-03-01 | Common Stock | M | 5702 | $216.45 | Acquired | 314287 | Direct |
| 2024-03-01 | Common Stock | F | 3271 | $216.45 | Disposed | 311016 | Direct |
| 2024-03-01 | Common Stock | M | 6022 | $216.45 | Acquired | 317038 | Direct |
| 2024-03-01 | Common Stock | F | 3454 | $216.45 | Disposed | 313584 | Direct |
| 2024-03-01 | Common Stock | M | 5440 | $216.45 | Acquired | 319024 | Direct |
| 2024-03-01 | Common Stock | F | 3120 | $216.45 | Disposed | 315904 | Direct |
| 2024-03-01 | Common Stock | M | 32243 | $216.45 | Acquired | 348147 | Direct |
| 2024-03-01 | Common Stock | F | 18492 | $216.45 | Disposed | 329655 | Direct |
| 2024-03-04 | Common Stock | S | 547 | $218.7219 | Disposed | 329108 | Direct |
| 2024-03-04 | Common Stock | S | 7621 | $217.259 | Disposed | 321487 | Direct |
| 2024-03-05 | Common Stock | S | 7333 | $215.6874 | Disposed | 314154 | Direct |
| 2024-03-05 | Common Stock | S | 9240 | $217.1294 | Disposed | 304914 | Direct |
| 2024-03-05 | Common Stock | S | 800 | $217.6319 | Disposed | 304114 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | 2020 MSU Award | $0 | M | 10482 | Disposed | 2024-03-01 | Common Stock (10482) | Direct |
| 2024-03-01 | 2021 MSU Award | $0 | M | 5702 | Disposed | 2025-03-01 | Common Stock (5702) | Direct |
| 2024-03-01 | 2022 MSU Award | $0 | M | 6022 | Disposed | 2026-03-01 | Common Stock (6022) | Direct |
| 2024-03-01 | 2023 MSU Award | $0 | M | 5440 | Disposed | 2027-03-01 | Common Stock (5440) | Direct |
| 2024-03-01 | 2021 PU Award | $0 | M | 32243 | Disposed | 2024-03-01 | Common Stock (32243) | Direct |
| 2024-03-01 | 2024 RSU Award | $0 | A | 23101 | Acquired | 2025-03-01 | Common Stock (23101) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock (Savings Plan) | 4148.301 | Indirect |
Footnotes
F1: Transaction executed in multiple trades at prices ranging from $218.500 - 219.040. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2: Transaction executed in multiple trades at prices ranging from $217.000 - 217.860. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3: Transaction executed in multiple trades at prices ranging from $215.500 - 216.445. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4: Transaction executed in multiple trades at prices ranging from $216.530 - 217.500. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5: Transaction executed in multiple trades at prices ranging from $217.555 - 217.670. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F6: Shares reflect the vesting of the fourth tranche of MSUs granted in February 2020 at 180% of target based on our absolute total stockholder return in excess of 10% during the 2020-2023 performance period, plus dividend equivalents accrued during the period.
F7: Shares reflect the vesting of the third tranche of MSUs granted in March 2021 at 134% of target based on our absolute total stockholder return in excess of 10% during the 2021-2023 performance period, plus dividend equivalents accrued during the period.
F8: Shares reflect the vesting of the second tranche of MSUs granted in March 2022 at 94% of target based on our absolute total stockholder return during the 2022-2023 performance period, plus dividend equivalents accrued during the period.
F9: Shares reflect the vesting of the first tranche of MSUs granted in March 2023 at 98% of target based on our absolute total stockholder return during the 2023 performance period, plus dividend equivalents accrued during the period.
F10: Shares reflect the vesting of PUs granted in March 2021 at 183% of target, based 50% on our cumulative economic value added and 50% on our relative total stockholder return.
F11: Restricted stock units (RSUs) cliff vest on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock.