AI assistant
Avery Dennison Corp — Director's Dealing 2025
Mar 5, 2025
30491_dirs_2025-03-04_0064e21d-8cd8-46a8-87b2-587acc2ed6bb.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Avery Dennison Corp (AVY)
CIK: 0000008818
Period of Report: 2025-03-01
Reporting Person: Allouche Danny Gilad (SVP, CSDO & Interim CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-01 | Common Stock | M | 376 | $187.06 | Acquired | 18981 | Indirect |
| 2025-03-01 | Common Stock | F | 169 | $187.06 | Disposed | 18812 | Indirect |
| 2025-03-01 | Common Stock | M | 458 | $187.06 | Acquired | 19270 | Indirect |
| 2025-03-01 | Common Stock | F | 202 | $187.06 | Disposed | 19068 | Indirect |
| 2025-03-01 | Common Stock | M | 345 | $187.06 | Acquired | 19413 | Indirect |
| 2025-03-01 | Common Stock | F | 165 | $187.06 | Disposed | 19248 | Indirect |
| 2025-03-01 | Common Stock | M | 233 | $187.06 | Acquired | 19481 | Indirect |
| 2025-03-01 | Common Stock | F | 86 | $187.06 | Disposed | 19395 | Indirect |
| 2025-03-01 | Common Stock | M | 811 | $187.06 | Acquired | 20206 | Indirect |
| 2025-03-01 | Common Stock | F | 357 | $187.06 | Disposed | 19849 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-01 | 2025 MSU Award | $0 | A | 2463 | Acquired | 2029-03-01 | Common Stock (2463) | Direct |
| 2025-03-01 | 2025 PU Award | $0 | A | 2564 | Acquired | 2028-03-01 | Common Stock (2564) | 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 | 376 | Disposed | 2025-03-01 | Common Stock (376) | Direct |
| 2025-03-01 | 2022 MSU Award | $0 | M | 458 | Disposed | 2026-03-01 | Common Stock (458) | Direct |
| 2025-03-01 | 2023 MSU Award | $0 | M | 345 | Disposed | 2027-03-01 | Common Stock (345) | Direct |
| 2025-03-01 | 2024 MSU Award | $0 | M | 233 | Disposed | 2028-03-01 | Common Stock (233) | Direct |
| 2025-03-01 | 2022 PU Award | $0 | M | 811 | Disposed | 2025-03-01 | Common Stock (811) | 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 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.