Mitchell R. Butier - Mar 1, 2022 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
Chairman & CEO, Director
Signature
/s/ Vikas Arora POA for Mitchell R Butier
Stock symbol
AVY
Transactions as of
Mar 1, 2022
Transactions value $
$6,086,667
Form type
4
Date filed
3/3/2022, 06:38 PM
Previous filing
Aug 27, 2021
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction AVY Common Stock Options Exercise $2.09 M +12.3 K +5.41% $170.60 239 K Mar 1, 2022 Direct
transaction AVY Common Stock Tax liability -$1.2 M -7.04 K -2.95% $170.60 232 K Mar 1, 2022 Direct
transaction AVY Common Stock Options Exercise $1.78 M +10.4 K +4.5% $170.60 242 K Mar 1, 2022 Direct
transaction AVY Common Stock Tax liability -$1.02 M -5.98 K -2.47% $170.60 236 K Mar 1, 2022 Direct
transaction AVY Common Stock Options Exercise $1.76 M +10.3 K +4.38% $170.60 247 K Mar 1, 2022 Direct
transaction AVY Common Stock Tax liability -$1.01 M -5.93 K -2.4% $170.60 241 K Mar 1, 2022 Direct
transaction AVY Common Stock Options Exercise $948 K +5.55 K +2.31% $170.60 246 K Mar 1, 2022 Direct
transaction AVY Common Stock Tax liability -$544 K -3.19 K -1.29% $170.60 243 K Mar 1, 2022 Direct
transaction AVY Common Stock Options Exercise $7.69 M +45.1 K +18.54% $170.60 288 K Mar 1, 2022 Direct
transaction AVY Common Stock Tax liability -$4.41 M -25.8 K -8.97% $170.60 262 K Mar 1, 2022 Direct
holding AVY Common Stock (Savings Plan) 4.01 K Mar 1, 2022 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 2018 MSU Award Options Exercise $0 -12.3 K -100% $0.00 0 Mar 1, 2022 Common Stock 12.3 K $0.00 Direct F1
transaction AVY 2019 MSU Award Options Exercise $0 -10.4 K -67.8% $0.00 4.95 K Mar 1, 2022 Common Stock 10.4 K $0.00 Direct F2
transaction AVY 2020 MSU Award Options Exercise $0 -10.3 K -48.58% $0.00 10.9 K Mar 1, 2022 Common Stock 10.3 K $0.00 Direct F3
transaction AVY 2021 MSU Award Options Exercise $0 -5.55 K -31.31% $0.00 12.2 K Mar 1, 2022 Common Stock 5.55 K $0.00 Direct F4
transaction AVY 2019 PU Award Options Exercise $0 -45.1 K -100% $0.00 0 Mar 1, 2022 Common Stock 45.1 K $0.00 Direct F5
transaction AVY 2022 MSU Award Award $0 +24.8 K $0.00 24.8 K Mar 1, 2022 Common Stock 24.8 K $0.00 Direct F6
transaction AVY 2022 PU Award Award $0 +19.9 K $0.00 19.9 K Mar 1, 2022 Common Stock 19.9 K $0.00 Direct F7

Explanation of Responses:

Id Content
F1 Shares reflect the vesting of the fourth tranche of market-leveraged stock units granted in February 2018 at 200% of target based on our absolute total stockholder return in excess of 10% during the 2018-2021 performance period, plus dividend equivalents accrued during the period.
F2 Shares reflect the vesting of the third tranche of market-leveraged stock units granted in February 2019 at 200% of target based on our absolute total stockholder return in excess of 10% during the 2019-2021 performance period, plus dividend equivalents accrued during the period.
F3 Shares reflect the vesting of the second tranche of market-leveraged stock units granted in February 2020 at 183% of target based on our absolute total stockholder return in excess of 10% during the 2020-2021 performance period, plus dividend equivalents accrued during the period.
F4 Shares reflect the vesting of the first tranche of market-leveraged stock units granted in February 2021 at 135% of target based on our absolute total stockholder return in excess of 10% during the 2021 performance period, plus dividend equivalents accrued during the period.
F5 Shares reflect the vesting of performance units granted in February 2019 at 188% of target, based 50% on our cumulative economic value added and 50% on our relative stockholder return.
F6 Market-leveraged stock units 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, plus dividend equivalents accrued during the vesting period. Each market-leveraged stock unit represents a contingent right to receive one share of our common stock, plus dividend equivalents.
F7 Performance units vest, if at all, at the end of fiscal year 2024, provided the designated performance objectives are met as determined by the Compensation Committee in February 2025. Each performance unit represents a contingent right to receive one share of our common stock.