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Avery Dennison Corp — Director's Dealing 2024
Mar 5, 2024
30491_dirs_2024-03-05_3ae5c0d6-3efa-4bd2-b3ff-beb0aa6bbc65.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: 2024-03-01
Reporting Person: STANDER DEON (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Common Stock | M | 1950 | $216.45 | Acquired | 48428 | Direct |
| 2024-03-01 | Common Stock | F | 573 | $216.45 | Disposed | 47855 | Direct |
| 2024-03-01 | Common Stock | M | 811 | $216.45 | Acquired | 48666 | Direct |
| 2024-03-01 | Common Stock | F | 239 | $216.45 | Disposed | 48427 | Direct |
| 2024-03-01 | Common Stock | M | 1801 | $216.45 | Acquired | 50228 | Direct |
| 2024-03-01 | Common Stock | F | 554 | $216.45 | Disposed | 49674 | Direct |
| 2024-03-01 | Common Stock | M | 1359 | $216.45 | Acquired | 51033 | Direct |
| 2024-03-01 | Common Stock | F | 658 | $216.45 | Disposed | 50375 | Direct |
| 2024-03-01 | Common Stock | M | 3218 | $216.45 | Acquired | 53593 | Direct |
| 2024-03-01 | Common Stock | F | 1557 | $216.45 | Disposed | 52036 | Direct |
| 2024-03-01 | Common Stock | M | 4591 | $216.45 | Acquired | 56627 | Direct |
| 2024-03-01 | Common Stock | F | 2221 | $216.45 | Disposed | 54406 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | 2024 MSU Award | $0 | A | 12705 | Acquired | 2028-03-01 | Common Stock (12705) | Direct |
| 2024-03-01 | 2024 PU Award | $0 | A | 14497 | Acquired | 2027-03-01 | Common Stock (14497) | Direct |
| 2024-03-01 | 2020 MSU Award | $0 | M | 1950 | Disposed | 2024-03-01 | Common Stock (1950) | Direct |
| 2024-03-01 | 2021 MSU Award | $0 | M | 811 | Disposed | 2025-03-01 | Common Stock (811) | Direct |
| 2024-03-01 | 2022 MSU Award | $0 | M | 1801 | Disposed | 2026-03-01 | Common Stock (1801) | Direct |
| 2024-03-01 | 2023 MSU Award | $0 | M | 1359 | Disposed | 2027-03-01 | Common Stock (1359) | Direct |
| 2024-03-01 | 2021 PU Award | $0 | M | 3218 | Disposed | 2024-03-01 | Common Stock (3218) | Direct |
| 2024-03-01 | 2021 Special PU Award | $0 | M | 4591 | Disposed | 2024-03-01 | Common Stock (4591) | Direct |
Footnotes
F1: Market-leveraged stock units (MSUs) 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. Each MSU represents a contingent right to receive one share of common stock, plus dividend equivalents accrued during the vesting period.
F2: Performance units (PUs) vest, at the end of fiscal year 2026, provided certain performance objectives are met as determined by the Compensation Committee in February 2027. Each PU represents a contingent right to receive one share of common stock.
F3: 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.
F4: 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.
F5: 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.
F6: 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.
F7: Shares reflect the vesting of PUs granted in March 2021 at 123% of target, based 75% on the cumulative economic value added of RBIS (now Solutions Group) and 25% on our relative total stockholder return.
F8: 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.