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Avery Dennison Corp — Director's Dealing 2024
Mar 5, 2024
30491_dirs_2024-03-05_30a23389-1a58-4aa9-913e-b8f36ca68a02.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: Santiago Divina Fe (VP Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Common Stock | M | 71 | $216.45 | Acquired | 285 | Direct |
| 2024-03-01 | Common Stock | F | 30 | $216.45 | Disposed | 255 | Direct |
| 2024-03-01 | Common Stock | M | 57 | $216.45 | Acquired | 312 | Direct |
| 2024-03-01 | Common Stock | F | 24 | $216.45 | Disposed | 288 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | 2024 MSU Award | $0 | A | 375 | Acquired | 2028-03-01 | Common Stock (375) | Direct |
| 2024-03-01 | 2024 PU Award | $0 | A | 428 | Acquired | 2027-03-01 | Common Stock (428) | Direct |
| 2024-03-01 | 2022 MSU Award | $0 | M | 71 | Disposed | 2026-03-01 | Common Stock (71) | Direct |
| 2024-03-01 | 2023 MSU Award | $0 | M | 57 | Disposed | 2027-03-01 | Common Stock (57) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock (Savings Plan) | 362.8108 | 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 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.
F4: 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.