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Avery Dennison Corp — Director's Dealing 2026
Mar 3, 2026
30491_dirs_2026-03-03_2e8e0446-9d9c-4680-bd08-8a936d4af252.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: 2026-03-01
Reporting Person: Butier Mitchell R (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2026-03-01 | Common Stock | M | 5079 | $194.78 | Acquired | 308410 | Direct |
| 2026-03-01 | Common Stock | F | 3029 | $194.78 | Disposed | 305381 | Direct |
| 2026-03-01 | Common Stock | M | 4302 | $194.78 | Acquired | 309683 | Direct |
| 2026-03-01 | Common Stock | F | 2524 | $194.78 | Disposed | 307159 | Direct |
| 2026-03-01 | Common Stock | M | 9645 | $194.78 | Acquired | 316804 | Direct |
| 2026-03-01 | Common Stock | F | 5657 | $194.78 | Disposed | 311147 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2026-03-01 | 2022 MSU Award | $0 | M | 5079 | Disposed | 2026-03-01 | Common Stock (5079) | Direct |
| 2026-03-01 | 2023 MSU Award | $0 | M | 4302 | Disposed | 2027-03-01 | Common Stock (4302) | Direct |
| 2026-03-01 | 2023 PU Award | $0 | M | 9645 | Disposed | 2026-03-01 | Common Stock (9645) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock (Savings Plan) | 4312.4948 | Indirect |
Footnotes
F1: Shares reflect the vesting of the fourth tranche of MSUs granted in February 2022 that remained eligible to vest after the reporting person's transition to non-executive status in April 2025, at 92% of target based on our absolute total stockholder return in excess of 10% during the 2022-2025 performance period, plus dividend equivalents accrued during the period.
F2: Shares reflect the vesting of the third tranche of MSUs granted in March 2023 that remained eligible to vest after the reporting person's transition to non-executive status in April 2025, at 96% of target based on our absolute total stockholder return during the 2023-2025 performance period, plus dividend equivalents accrued during the period.
F3: Shares reflect the vesting of PUs granted in March 2023 that remained eligible to vest after the reporting person's transition to non-executive status in April 2025, at 56% of target, based 50% on our cumulative economic value added of 0% of target and 50% on our relative total stockholder return of 112% of target.