Ignacio J. Walker - 01 Mar 2026 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
SVP and Chief Legal Officer
Signature
/s/ Vikas Arora, attorney-in-fact for Ignacio J. Walker
Issuer symbol
AVY
Transactions as of
01 Mar 2026
Net transactions value
+$338,722
Form type
4
Filing time
03 Mar 2026, 16:42:02 UTC
Previous filing
09 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Walker Ignacio J SVP and Chief Legal Officer 8080 NORTON PARKWAY, MENTOR /s/ Vikas Arora, attorney-in-fact for Ignacio J. Walker 03 Mar 2026 0001823327

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVY Common Stock Options Exercise $86,288 +443 +5.8% $194.78 8,031 01 Mar 2026 Direct
transaction AVY Common Stock Tax liability $25,321 -130 -1.6% $194.78 7,901 01 Mar 2026 Direct
transaction AVY Common Stock Options Exercise $71,874 +369 +4.7% $194.78 8,270 01 Mar 2026 Direct
transaction AVY Common Stock Tax liability $17,530 -90 -1.1% $194.78 8,180 01 Mar 2026 Direct
transaction AVY Common Stock Options Exercise $52,591 +270 +3.3% $194.78 8,450 01 Mar 2026 Direct
transaction AVY Common Stock Tax liability $12,855 -66 -0.78% $194.78 8,384 01 Mar 2026 Direct
transaction AVY Common Stock Options Exercise $81,613 +419 +5% $194.78 8,803 01 Mar 2026 Direct
transaction AVY Common Stock Tax liability $20,062 -103 -1.2% $194.78 8,700 01 Mar 2026 Direct
transaction AVY Common Stock Options Exercise $161,473 +829 +9.5% $194.78 9,529 01 Mar 2026 Direct
transaction AVY Common Stock Tax liability $39,346 -202 -2.1% $194.78 9,327 01 Mar 2026 Direct
holding AVY Common Stock (Savings Plan) 587 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 +1,857 $0.000000 1,857 01 Mar 2026 Common Stock 1,857 $0.000000 Direct F1
transaction AVY 2026 PU Award Award $0 +2,684 $0.000000 2,684 01 Mar 2026 Common Stock 2,684 $0.000000 Direct F2
transaction AVY 2026 Special RSU Award Award $0 +1,797 $0.000000 1,797 01 Mar 2026 Common Stock 1,797 $0.000000 Direct F3
transaction AVY 2022 MSU Award Options Exercise $0 -443 -100% $0.000000 0 01 Mar 2026 Common Stock 443 $0.000000 Direct F4
transaction AVY 2023 MSU Award Options Exercise $0 -369 -50% $0.000000 365 01 Mar 2026 Common Stock 369 $0.000000 Direct F5
transaction AVY 2024 MSU Award Options Exercise $0 -270 -32% $0.000000 568 01 Mar 2026 Common Stock 270 $0.000000 Direct F6
transaction AVY 2025 MSU Award Options Exercise $0 -419 -24% $0.000000 1,309 01 Mar 2026 Common Stock 419 $0.000000 Direct F7
transaction AVY 2023 PU Award Options Exercise $0 -829 -100% $0.000000 0 01 Mar 2026 Common Stock 829 $0.000000 Direct F8
* 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 Restricted stock units 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 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.
F5 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.
F6 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.
F7 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.
F8 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.