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Avery Dennison Corp Director's Dealing 2026

Mar 3, 2026

30491_dirs_2026-03-03_ad87d3e1-a3f8-4416-a30e-1bffd1407ab9.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: Yost Ryan D (President, Materials Group)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2026-03-01 Common Stock M 167 $194.78 Acquired 5056 Direct
2026-03-01 Common Stock F 55 $194.78 Disposed 5001 Direct
2026-03-01 Common Stock M 222 $194.78 Acquired 5223 Direct
2026-03-01 Common Stock F 73 $194.78 Disposed 5150 Direct
2026-03-01 Common Stock M 434 $194.78 Acquired 5584 Direct
2026-03-01 Common Stock F 119 $194.78 Disposed 5465 Direct
2026-03-01 Common Stock M 714 $194.78 Acquired 6179 Direct
2026-03-01 Common Stock F 196 $194.78 Disposed 5983 Direct
2026-03-01 Common Stock M 250 $194.78 Acquired 6233 Direct
2026-03-01 Common Stock F 69 $194.78 Disposed 6164 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2026-03-01 2026 RSU Award $0 A 2342 Acquired 2030-03-01 Common Stock (2342) Direct
2026-03-01 2026 PU Award $0 A 3386 Acquired 2029-03-01 Common Stock (3386) Direct
2026-03-01 2022 MSU Award $0 M 167 Disposed 2026-03-01 Common Stock (167) Direct
2026-03-01 2023 MSU Award $0 M 222 Disposed 2027-03-01 Common Stock (222) Direct
2026-03-01 2024 MSU Award $0 M 434 Disposed 2028-03-01 Common Stock (434) Direct
2026-03-01 2025 MSU Award $0 M 714 Disposed 2029-03-01 Common Stock (714) Direct
2026-03-01 2023 PU Award $0 M 250 Disposed 2026-03-01 Common Stock (250) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock (Savings Plan) 3.6486 Indirect

Footnotes

F1: Restricted stock units (RSUs) vest 25% on each of the first, second, third and fourth anniversaries of the grant date. Each RSU represents a contingent right to receive one share of common stock.

F2: Performance units (PUs) vest, at the end of fiscal year 2028, provided certain performance objectives are met as determined by the Compensation Committee in February 2029. 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 2022 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.

F4: Shares reflect the vesting of the third tranche of MSUs granted in March 2023 at 96% of target based on our absolute total stockholder return during the 2023-2025 performance period, plus dividend equivalents accrued during the period.

F5: Shares reflect the vesting of the second tranche of MSUs granted in March 2024 at 92% of target based on our absolute total stockholder return during the 2024-2025 performance period, plus dividend equivalents accrued during the period.

F6: Shares reflect the vesting of the first tranche of MSUs granted in March 2025 at 94% of target based on our absolute total stockholder return during the 2025 performance period, plus dividend equivalents accrued during the period.

F7: Shares reflect the vesting of PUs granted in March 2023 at 28% of target, based 75% on the cumulative economic value added of RBIS (now Solutions Group) of 0% of target and 25% on our relative total stockholder return of 112% of target.