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Avery Dennison Corp — Director's Dealing 2025
Mar 5, 2025
30491_dirs_2025-03-04_b4ef6a83-c109-4e3e-9a8f-28ec03e40601.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: Melo Francisco (President, Solutions Group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-01 | Common Stock | M | 363 | $187.06 | Acquired | 15593 | Direct |
| 2025-03-01 | Common Stock | F | 171 | $187.06 | Disposed | 15422 | Direct |
| 2025-03-01 | Common Stock | M | 403 | $187.06 | Acquired | 15825 | Direct |
| 2025-03-01 | Common Stock | F | 190 | $187.06 | Disposed | 15635 | Direct |
| 2025-03-01 | Common Stock | M | 573 | $187.06 | Acquired | 16208 | Direct |
| 2025-03-01 | Common Stock | F | 270 | $187.06 | Disposed | 15938 | Direct |
| 2025-03-01 | Common Stock | M | 424 | $187.06 | Acquired | 16362 | Direct |
| 2025-03-01 | Common Stock | F | 200 | $187.06 | Disposed | 16162 | Direct |
| 2025-03-01 | Common Stock | M | 357 | $187.06 | Acquired | 16519 | Direct |
| 2025-03-01 | Common Stock | F | 168 | $187.06 | Disposed | 16351 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-01 | 2025 MSU Award | $0 | A | 2447 | Acquired | 2029-03-01 | Common Stock (2447) | Direct |
| 2025-03-01 | 2025 PU Award | $0 | A | 2554 | Acquired | 2028-03-01 | Common Stock (2554) | Direct |
| 2025-03-01 | 2025 Special PU Award | $0 | A | 2735 | Acquired | 2028-03-01 | Common Stock (2735) | Direct |
| 2025-03-01 | 2025 Special RSU Award | $0 | A | 5346 | Acquired | 2028-03-01 | Common Stock (5346) | Direct |
| 2025-03-01 | 2021 MSU Award | $0 | M | 363 | Disposed | 2025-03-01 | Common Stock (363) | Direct |
| 2025-03-01 | 2022 MSU Award | $0 | M | 403 | Disposed | 2026-03-01 | Common Stock (403) | Direct |
| 2025-03-01 | 2023 MSU Award | $0 | M | 573 | Disposed | 2027-03-01 | Common Stock (573) | Direct |
| 2025-03-01 | 2024 MSU Award | $0 | M | 424 | Disposed | 2028-03-01 | Common Stock (424) | Direct |
| 2025-03-01 | 2022 PU Award | $0 | M | 357 | Disposed | 2025-03-01 | Common Stock (357) | 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: 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 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.
F5: 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.
F6: 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.
F7: 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.
F8: Shares reflect the vesting of PUs granted in March 2022 at 25% of target, based 75% on the cumulative economic value added of Solutions Group of 0% of target and 25% on our capped relative total stockholder return of 100% of target.