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Avery Dennison Corp — Director's Dealing 2025
Mar 5, 2025
30491_dirs_2025-03-04_d5c207dd-ee21-48f6-820c-91359eb1763d.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: Lovins Gregory (SVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-01 | Common Stock | M | 1217 | $187.06 | Acquired | 68674 | Direct |
| 2025-03-01 | Common Stock | F | 396 | $187.06 | Disposed | 68278 | Direct |
| 2025-03-01 | Common Stock | M | 1411 | $187.06 | Acquired | 69689 | Direct |
| 2025-03-01 | Common Stock | F | 422 | $187.06 | Disposed | 69267 | Direct |
| 2025-03-01 | Common Stock | M | 1128 | $187.06 | Acquired | 70395 | Direct |
| 2025-03-01 | Common Stock | F | 337 | $187.06 | Disposed | 70058 | Direct |
| 2025-03-01 | Common Stock | M | 853 | $187.06 | Acquired | 70911 | Direct |
| 2025-03-01 | Common Stock | F | 255 | $187.06 | Disposed | 70656 | Direct |
| 2025-03-01 | Common Stock | M | 2499 | $187.06 | Acquired | 73155 | Direct |
| 2025-03-01 | Common Stock | F | 1020 | $187.06 | Disposed | 72135 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-01 | 2025 MSU Award | $0 | A | 5295 | Acquired | 2029-03-01 | Common Stock (5295) | Direct |
| 2025-03-01 | 2025 PU Award | $0 | A | 5511 | Acquired | 2028-03-01 | Common Stock (5511) | Direct |
| 2025-03-01 | 2021 MSU Award | $0 | M | 1217 | Disposed | 2025-03-01 | Common Stock (1217) | Direct |
| 2025-03-01 | 2022 MSU Award | $0 | M | 1411 | Disposed | 2026-03-01 | Common Stock (1411) | Direct |
| 2025-03-01 | 2023 MSU Award | $0 | M | 1128 | Disposed | 2027-03-01 | Common Stock (1128) | Direct |
| 2025-03-01 | 2024 MSU Award | $0 | M | 853 | Disposed | 2028-03-01 | Common Stock (853) | Direct |
| 2025-03-01 | 2022 PU Award | $0 | M | 2499 | Disposed | 2025-03-01 | Common Stock (2499) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock (Savings Plan) | 2196.6761 | 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 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.