Ignacio J. Walker - 01 Mar 2022 Form 4 Insider Report for Avery Dennison Corp (AVY)

Reporting relationship: VP and Chief Legal Officer
Issuer ticker: AVY
Reported as of: 01 Mar 2022
Net transaction value: +$633,267
SEC form: 4
Accepted by SEC: 03 Mar 2022, 19:04:12 UTC
Prior SEC filing: 03 Sep 2021
Next SEC filing: 02 Sep 2022
Source filing: View source filing
Reporting owner signature: /s/ Maribel Cabrera POA for Ignacio J Walker

Key filing fact

Ignacio J. Walker filed Form 4 for Avery Dennison Corp (AVY) on 03 Mar 2022.

Key facts

This page summarizes Ignacio J. Walker's Form 4 filing for Avery Dennison Corp (AVY).
17 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 03 Mar 2022, 19:04.

Change

Previous filing in this sequence was filed on 03 Sep 2021.
Current net transaction value: +$633,267.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AVY transaction

Common Stock

Options Exercise

Transaction value: $139,892
Shares: +820
Change %: +27%
Price: $170.60
Shares after: 3,804
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Tax liability

Transaction value: $45,038
Shares: -264
Change %: -6.9%
Price: $170.60
Shares after: 3,540
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $121,808
Shares: +714
Change %: +20%
Price: $170.60
Shares after: 4,254
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Tax liability

Transaction value: $36,508
Shares: -214
Change %: -5%
Price: $170.60
Shares after: 4,040
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $124,367
Shares: +729
Change %: +18%
Price: $170.60
Shares after: 4,769
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Tax liability

Transaction value: $37,191
Shares: -218
Change %: -4.6%
Price: $170.60
Shares after: 4,551
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $67,216
Shares: +394
Change %: +8.7%
Price: $170.60
Shares after: 4,945
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Tax liability

Transaction value: $20,131
Shares: -118
Change %: -2.4%
Price: $170.60
Shares after: 4,827
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $527,495
Shares: +3,092
Change %: +64%
Price: $170.60
Shares after: 7,919
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Tax liability

Transaction value: $208,644
Shares: -1,223
Change %: -15%
Price: $170.60
Shares after: 6,696
Date: 01 Mar 2022
Ownership: Direct

AVY holding

Common Stock (Savings Plan)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 546
Date: 01 Mar 2022
Ownership: Savings Plan

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AVY transaction Derivative

2018 MSU Award

Options Exercise

Transaction value: $0
Shares: -820
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 820
Exercise price: $0.000000
Footnotes: F1

AVY transaction Derivative

2019 MSU Award

Options Exercise

Transaction value: $0
Shares: -714
Change %: -68%
Price: $0.000000
Shares after: 340
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 714
Exercise price: $0.000000
Footnotes: F2

AVY transaction Derivative

2020 MSU Award

Options Exercise

Transaction value: $0
Shares: -729
Change %: -49%
Price: $0.000000
Shares after: 774
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 729
Exercise price: $0.000000
Footnotes: F3

AVY transaction Derivative

2021 MSU Award

Options Exercise

Transaction value: $0
Shares: -394
Change %: -31%
Price: $0.000000
Shares after: 864
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 394
Exercise price: $0.000000
Footnotes: F4

AVY transaction Derivative

2019 PU Award

Options Exercise

Transaction value: $0
Shares: -3,092
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,092
Exercise price: $0.000000
Footnotes: F5

AVY transaction Derivative

2022 MSU Award

Award

Transaction value: $0
Shares: +1,800
Change %
Price: $0.000000
Shares after: 1,800
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,800
Exercise price: $0.000000
Footnotes: F6

AVY transaction Derivative

2022 PU Award

Award

Transaction value: $0
Shares: +1,445
Change %
Price: $0.000000
Shares after: 1,445
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,445
Exercise price: $0.000000
Footnotes: F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.