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Avery Dennison Corp — Director's Dealing 2025
Mar 5, 2025
30491_dirs_2025-03-04_c7e8a05f-0832-4bae-a590-72d7427763df.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: Baker-Nel Deena (SVP & Chief HR Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-01 | Common Stock | M | 380 | $187.06 | Acquired | 1957 | Direct |
| 2025-03-01 | Common Stock | F | 132 | $187.06 | Disposed | 1825 | Direct |
| 2025-03-01 | Common Stock | M | 424 | $187.06 | Acquired | 2249 | Direct |
| 2025-03-01 | Common Stock | F | 126 | $187.06 | Disposed | 2123 | Direct |
| 2025-03-01 | Common Stock | M | 354 | $187.06 | Acquired | 2477 | Direct |
| 2025-03-01 | Common Stock | F | 104 | $187.06 | Disposed | 2373 | Direct |
| 2025-03-01 | Common Stock | M | 312 | $187.06 | Acquired | 2685 | Direct |
| 2025-03-01 | Common Stock | F | 92 | $187.07 | Disposed | 2593 | Direct |
| 2025-03-01 | Common Stock | M | 755 | $187.06 | Acquired | 3348 | Direct |
| 2025-03-01 | Common Stock | F | 222 | $187.06 | Disposed | 3126 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-01 | 2025 MSU Award | $0 | A | 2695 | Acquired | 2029-03-01 | Common Stock (2695) | Direct |
| 2025-03-01 | 2025 PU Award | $0 | A | 2805 | Acquired | 2028-03-01 | Common Stock (2805) | Direct |
| 2025-03-01 | 2025 Promotion RSU Award | $0 | A | 2673 | Acquired | 2028-03-01 | Common Stock (2673) | Direct |
| 2025-03-01 | 2021 MSU Award | $0 | M | 380 | Disposed | 2025-03-01 | Common Stock (380) | Direct |
| 2025-03-01 | 2022 MSU Award | $0 | M | 424 | Disposed | 2026-03-01 | Common Stock (424) | Direct |
| 2025-03-01 | 2023 MSU Award | $0 | M | 354 | Disposed | 2027-03-01 | Common Stock (354) | Direct |
| 2025-03-01 | 2024 MSU Award | $0 | M | 312 | Disposed | 2028-03-01 | Common Stock (312) | Direct |
| 2025-03-01 | 2022 PU Award | $0 | M | 755 | Disposed | 2025-03-01 | Common Stock (755) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock (Savings Plan) | 1521.7799 | 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: 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 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.