Gregory Lovins - 01 Mar 2022 Form 4 Insider Report for Avery Dennison Corp (AVY)

Reporting relationship: SVP and CFO
Issuer ticker: AVY
Reported as of: 01 Mar 2022
Net transaction value: +$2,198,352
SEC form: 4
Accepted by SEC: 03 Mar 2022, 19:22:29 UTC
Prior SEC filing: 03 Sep 2021
Next SEC filing: 03 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Vikas Arora POA for Gregory Lovins

Key filing fact

Gregory Lovins filed Form 4 for Avery Dennison Corp (AVY) on 03 Mar 2022.

Key facts

This page summarizes Gregory Lovins'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, 19:22.

Change

Previous filing in this sequence was filed on 03 Sep 2021.
Current net transaction value: +$2,198,352.

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: $428,718
Shares: +2,513
Change %: +6.6%
Price: $170.60
Shares after: 40,375
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Tax liability

Transaction value: $145,351
Shares: -852
Change %: -2.1%
Price: $170.60
Shares after: 39,523
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $495,764
Shares: +2,906
Change %: +7.4%
Price: $170.60
Shares after: 42,429
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Tax liability

Transaction value: $212,568
Shares: -1,246
Change %: -2.9%
Price: $170.60
Shares after: 41,183
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $506,170
Shares: +2,967
Change %: +7.2%
Price: $170.60
Shares after: 44,150
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Tax liability

Transaction value: $217,003
Shares: -1,272
Change %: -2.9%
Price: $170.60
Shares after: 42,878
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $208,303
Shares: +1,221
Change %: +2.8%
Price: $170.60
Shares after: 44,099
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Tax liability

Transaction value: $89,394
Shares: -524
Change %: -1.2%
Price: $170.60
Shares after: 43,575
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $2,143,077
Shares: +12,562
Change %: +29%
Price: $170.60
Shares after: 56,137
Date: 01 Mar 2022
Ownership: Direct

AVY transaction

Common Stock

Tax liability

Transaction value: $919,363
Shares: -5,389
Change %: -9.6%
Price: $170.60
Shares after: 50,748
Date: 01 Mar 2022
Ownership: Direct

AVY holding

Common Stock (Savings Plan)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,086
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: -2,513
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,513
Exercise price: $0.000000
Footnotes: F1

AVY transaction Derivative

2019 MSU Award

Options Exercise

Transaction value: $0
Shares: -2,906
Change %: -68%
Price: $0.000000
Shares after: 1,381
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,906
Exercise price: $0.000000
Footnotes: F2

AVY transaction Derivative

2020 MSU Award

Options Exercise

Transaction value: $0
Shares: -2,967
Change %: -49%
Price: $0.000000
Shares after: 3,142
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,967
Exercise price: $0.000000
Footnotes: F3

AVY transaction Derivative

2021 MSU Award

Options Exercise

Transaction value: $0
Shares: -1,221
Change %: -31%
Price: $0.000000
Shares after: 2,682
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,221
Exercise price: $0.000000
Footnotes: F4

AVY transaction Derivative

2019 PU Award

Options Exercise

Transaction value: $0
Shares: -12,562
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 12,562
Exercise price: $0.000000
Footnotes: F5

AVY transaction Derivative

2022 MSU Award

Award

Transaction value: $0
Shares: +5,829
Change %
Price: $0.000000
Shares after: 5,829
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,829
Exercise price: $0.000000
Footnotes: F6

AVY transaction Derivative

2022 PU Award

Award

Transaction value: $0
Shares: +4,679
Change %
Price: $0.000000
Shares after: 4,679
Date: 01 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,679
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.