Divina Fe Santiago - 01 Mar 2026 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
VP Controller
Signature
/s/ Vikas Arora attorney-in-fact for Divina Santiago
Issuer symbol
AVY
Transactions as of
01 Mar 2026
Net transactions value
+$54,733
Form type
4
Filing time
03 Mar 2026, 16:34:41 UTC
Previous filing
04 Mar 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Santiago Divina Fe VP Controller 8080 NORTON PARKWAY, MENTOR /s/ Vikas Arora attorney-in-fact for Divina Santiago 03 Mar 2026 0001985148

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVY Common Stock Options Exercise $14,414 +74 +15% $194.78 561 01 Mar 2026 Direct
transaction AVY Common Stock Tax liability $6,038 -31 -5.5% $194.78 530 01 Mar 2026 Direct
transaction AVY Common Stock Options Exercise $11,297 +58 +11% $194.78 588 01 Mar 2026 Direct
transaction AVY Common Stock Tax liability $4,675 -24 -4.1% $194.78 564 01 Mar 2026 Direct
transaction AVY Common Stock Options Exercise $17,335 +89 +16% $194.78 653 01 Mar 2026 Direct
transaction AVY Common Stock Tax liability $7,207 -37 -5.7% $194.78 616 01 Mar 2026 Direct
transaction AVY Common Stock Options Exercise $25,321 +130 +21% $194.78 746 01 Mar 2026 Direct
transaction AVY Common Stock Tax liability $10,518 -54 -7.2% $194.78 692 01 Mar 2026 Direct
transaction AVY Common Stock Options Exercise $25,321 +130 +19% $194.78 822 01 Mar 2026 Direct
transaction AVY Common Stock Tax liability $10,518 -54 -6.6% $194.78 768 01 Mar 2026 Direct
holding AVY Common Stock (Savings Plan) 377 01 Mar 2026 Savings Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVY 2026 RSU Award Award $0 +523 $0.000000 523 01 Mar 2026 Common Stock 523 $0.000000 Direct F1
transaction AVY 2026 PU Award Award $0 +756 $0.000000 756 01 Mar 2026 Common Stock 756 $0.000000 Direct F2
transaction AVY 2022 MSU Award Options Exercise $0 -74 -100% $0.000000 0 01 Mar 2026 Common Stock 74 $0.000000 Direct F3
transaction AVY 2023 MSU Award Options Exercise $0 -58 -50% $0.000000 57 01 Mar 2026 Common Stock 58 $0.000000 Direct F4
transaction AVY 2024 MSU Award Options Exercise $0 -89 -32% $0.000000 188 01 Mar 2026 Common Stock 89 $0.000000 Direct F5
transaction AVY 2025 MSU Award Options Exercise $0 -130 -24% $0.000000 407 01 Mar 2026 Common Stock 130 $0.000000 Direct F6
transaction AVY 2023 PU Award Options Exercise $0 -130 -100% $0.000000 0 01 Mar 2026 Common Stock 130 $0.000000 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 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.