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Avery Dennison Corp — Director's Dealing 2024
Mar 5, 2024
30491_dirs_2024-03-05_07633431-b222-4977-a8aa-8c76dd281942.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: Yost Ryan D (President, Materials Group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Common Stock | M | 303 | $216.45 | Acquired | 2436 | Direct |
| 2024-03-01 | Common Stock | F | 109 | $216.45 | Disposed | 2327 | Direct |
| 2024-03-01 | Common Stock | M | 143 | $216.45 | Acquired | 2470 | Direct |
| 2024-03-01 | Common Stock | F | 51 | $216.45 | Disposed | 2419 | Direct |
| 2024-03-01 | Common Stock | M | 164 | $216.45 | Acquired | 2583 | Direct |
| 2024-03-01 | Common Stock | F | 49 | $216.45 | Disposed | 2534 | Direct |
| 2024-03-01 | Common Stock | M | 218 | $216.45 | Acquired | 2752 | Direct |
| 2024-03-01 | Common Stock | F | 67 | $216.45 | Disposed | 2685 | Direct |
| 2024-03-01 | Common Stock | M | 567 | $216.45 | Acquired | 3252 | Direct |
| 2024-03-01 | Common Stock | F | 174 | $216.45 | Disposed | 3078 | Direct |
| 2024-03-01 | Common Stock | M | 1674 | $216.45 | Acquired | 4752 | Direct |
| 2024-03-01 | Common Stock | F | 509 | $216.45 | Disposed | 4243 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | 2024 MSU Award | $0 | A | 1819 | Acquired | 2028-03-01 | Common Stock (1819) | Direct |
| 2024-03-01 | 2024 PU Award | $0 | A | 2207 | Acquired | 2027-03-01 | Common Stock (2207) | Direct |
| 2024-03-01 | 2024 Special PU Award | $0 | A | 1318 | Acquired | 2027-03-01 | Common Stock (1318) | Direct |
| 2024-03-01 | 2024 Special RSU | $0 | A | 3234 | Acquired | 2027-03-01 | Common Stock (3234) | Direct |
| 2024-03-01 | 2020 MSU Award | $0 | M | 303 | Disposed | 2024-03-01 | Common Stock (303) | Direct |
| 2024-03-01 | 2021 MSU Award | $0 | M | 143 | Disposed | 2025-03-01 | Common Stock (143) | Direct |
| 2024-03-01 | 2022 MSU Award | $0 | M | 164 | Disposed | 2026-03-01 | Common Stock (164) | Direct |
| 2024-03-01 | 2023 MSU Award | $0 | M | 218 | Disposed | 2027-03-01 | Common Stock (218) | Direct |
| 2024-03-01 | 2021 PU Award | $0 | M | 567 | Disposed | 2024-03-01 | Common Stock (567) | Direct |
| 2024-03-01 | 2021 RSU Award | $0 | M | 1674 | Disposed | 2024-03-01 | Common Stock (1674) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock (Savings Plan) | 3.5117 | Indirect |
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: Restricted stock units (RSUs) cliff vest on the third anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock.
F4: 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.
F5: 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.
F6: 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.
F7: 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.
F8: 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.
F9: Shares reflect the vesting of the RSUs granted on March 1, 2021.