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Avery Dennison Corp — Director's Dealing 2025
Mar 5, 2025
30491_dirs_2025-03-04_c72d6d60-2541-47c2-a1db-11e9081efa8c.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: 2025-03-01
Reporting Person: STANDER DEON (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-01 | Common Stock | M | 785 | $187.06 | Acquired | 55191 | Direct |
| 2025-03-01 | Common Stock | F | 231 | $187.06 | Disposed | 54960 | Direct |
| 2025-03-01 | Common Stock | M | 1792 | $187.06 | Acquired | 56752 | Direct |
| 2025-03-01 | Common Stock | F | 526 | $187.06 | Disposed | 56226 | Direct |
| 2025-03-01 | Common Stock | M | 1354 | $187.06 | Acquired | 57580 | Direct |
| 2025-03-01 | Common Stock | F | 398 | $187.06 | Disposed | 57182 | Direct |
| 2025-03-01 | Common Stock | M | 3002 | $187.06 | Acquired | 60184 | Direct |
| 2025-03-01 | Common Stock | F | 1220 | $187.06 | Disposed | 58964 | Direct |
| 2025-03-01 | Common Stock | M | 3174 | $187.06 | Acquired | 62138 | Direct |
| 2025-03-01 | Common Stock | F | 1535 | $187.06 | Disposed | 60603 | Direct |
| 2025-03-01 | Common Stock | M | 8793 | $187.06 | Acquired | 69396 | Direct |
| 2025-03-01 | Common Stock | F | 4252 | $187.06 | Disposed | 65144 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-01 | 2025 MSU Award | $0 | A | 20226 | Acquired | 2029-03-01 | Common Stock (20226) | Direct |
| 2025-03-01 | 2025 PU Award | $0 | A | 21052 | Acquired | 2028-03-01 | Common Stock (21052) | Direct |
| 2025-03-01 | 2021 MSU Award | $0 | M | 785 | Disposed | 2025-03-01 | Common Stock (785) | Direct |
| 2025-03-01 | 2022 MSU Award | $0 | M | 1792 | Disposed | 2026-03-01 | Common Stock (1792) | Direct |
| 2025-03-01 | 2023 MSU Award | $0 | M | 1354 | Disposed | 2027-03-01 | Common Stock (1354) | Direct |
| 2025-03-01 | 2024 MSU Award | $0 | M | 3002 | Disposed | 2028-03-01 | Common Stock (3002) | Direct |
| 2025-03-01 | 2022 PU Award | $0 | M | 3174 | Disposed | 2025-03-01 | Common Stock (3174) | Direct |
| 2025-03-01 | 2022 RSU Award | $0 | M | 8793 | Disposed | 2025-03-01 | Common Stock (8793) | 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 2027, provided certain performance objectives are met as determined by the Compensation Committee in February 2028. 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 2021 at 128% of target based on our absolute total stockholder return in excess of 10% during the 2021-2024 performance period, plus dividend equivalents accrued during the period.
F4: Shares reflect the vesting of the third tranche of MSUs granted in March 2022 at 92% of target based on our absolute total stockholder return during the 2022-2024 performance period, plus dividend equivalents accrued during the period.
F5: Shares reflect the vesting of the second tranche of MSUs granted in March 2023 at 96% of target based on our absolute total stockholder return during the 2023-2024 performance period, plus dividend equivalents accrued during the period.
F6: Shares reflect the vesting of the first tranche of MSUs granted in March 2024 at 93% of target based on our absolute total stockholder return during the 2024 performance period, plus dividend equivalents accrued during the period.
F7: Shares reflect the vesting of PUs granted in March 2022 at 50% of target, based 50% on our cumulative economic value added of 0% of target and 50% on our capped relative total stockholder return of 100% of target.
F8: Shares reflect the vesting of RSUs granted on March 1, 2022.