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Avery Dennison Corp — Director's Dealing 2024
Mar 5, 2024
30491_dirs_2024-03-05_b8bf2f24-2215-4e58-929a-c4ee95e30424.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: Walker Ignacio J (SVP and Chief Legal Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Common Stock | M | 745 | $216.45 | Acquired | 6847 | Direct |
| 2024-03-01 | Common Stock | F | 199 | $216.45 | Disposed | 6648 | Direct |
| 2024-03-01 | Common Stock | M | 404 | $216.45 | Acquired | 7052 | Direct |
| 2024-03-01 | Common Stock | F | 99 | $216.45 | Disposed | 6953 | Direct |
| 2024-03-01 | Common Stock | M | 438 | $216.45 | Acquired | 7391 | Direct |
| 2024-03-01 | Common Stock | F | 107 | $216.45 | Disposed | 7284 | Direct |
| 2024-03-01 | Common Stock | M | 363 | $216.45 | Acquired | 7647 | Direct |
| 2024-03-01 | Common Stock | F | 89 | $216.45 | Disposed | 7558 | Direct |
| 2024-03-01 | Common Stock | M | 2288 | $216.45 | Acquired | 9846 | Direct |
| 2024-03-01 | Common Stock | F | 558 | $216.45 | Disposed | 9288 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | 2024 MSU Award | $0 | A | 1135 | Acquired | 2028-03-01 | Common Stock (1135) | Direct |
| 2024-03-01 | 2024 PU Award | $0 | A | 1295 | Acquired | 2027-03-01 | Common Stock (1295) | Direct |
| 2024-03-01 | 2020 MSU Award | $0 | M | 745 | Disposed | 2024-03-01 | Common Stock (745) | Direct |
| 2024-03-01 | 2021 MSU Award | $0 | M | 404 | Disposed | 2025-03-01 | Common Stock (404) | Direct |
| 2024-03-01 | 2022 MSU Award | $0 | M | 438 | Disposed | 2026-03-01 | Common Stock (438) | Direct |
| 2024-03-01 | 2023 MSU Award | $0 | M | 363 | Disposed | 2027-03-01 | Common Stock (363) | Direct |
| 2024-03-01 | 2021 PU Award | $0 | M | 2288 | Disposed | 2024-03-01 | Common Stock (2288) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock (Savings Plan) | 564.6511 | 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: 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 183% of target, based 50% on our cumulative economic value added and 50% on our relative total stockholder return.