Lori Bondar - Mar 1, 2022 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
VP, Ctrlr, Treasurer & CAO
Signature
/s/ Vikas Arora POA for Lori J Bondar
Stock symbol
AVY
Transactions as of
Mar 1, 2022
Transactions value $
$872,107
Form type
4
Date filed
3/3/2022, 07:36 PM
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 $163,094 +956 +4.22% $170.60 23,593 Mar 1, 2022 Direct
transaction AVY Common Stock -Tax liability -$42,821 -251 -1.06% $170.60 23,342 Mar 1, 2022 Direct
transaction AVY Common Stock +Options Exercise $156,611 +918 +3.93% $170.60 24,260 Mar 1, 2022 Direct
transaction AVY Common Stock -Tax liability -$38,214 -224 -0.92% $170.60 24,036 Mar 1, 2022 Direct
transaction AVY Common Stock +Options Exercise $156,611 +918 +3.82% $170.60 24,954 Mar 1, 2022 Direct
transaction AVY Common Stock -Tax liability -$38,214 -224 -0.9% $170.60 24,730 Mar 1, 2022 Direct
transaction AVY Common Stock +Options Exercise $64,316 +377 +1.52% $170.60 25,107 Mar 1, 2022 Direct
transaction AVY Common Stock -Tax liability -$15,695 -92 -0.37% $170.60 25,015 Mar 1, 2022 Direct
transaction AVY Common Stock +Options Exercise $677,623 +3,972 +15.88% $170.60 28,987 Mar 1, 2022 Direct
transaction AVY Common Stock -Tax liability -$211,203 -1,238 -4.27% $170.60 27,749 Mar 1, 2022 Direct
holding AVY Common Stock (Savings Plan) 2,335 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 -956 -100% $0.00 0 Mar 1, 2022 Common Stock 956 $0.00 Direct F1
transaction AVY 2019 MSU Award -Options Exercise $0 -918 -67.75% $0.00 437 Mar 1, 2022 Common Stock 918 $0.00 Direct F2
transaction AVY 2020 MSU Award -Options Exercise $0 -918 -48.55% $0.00 973 Mar 1, 2022 Common Stock 918 $0.00 Direct F3
transaction AVY 2021 MSU Award -Options Exercise $0 -377 -31.21% $0.00 831 Mar 1, 2022 Common Stock 377 $0.00 Direct F4
transaction AVY 2019 PU Award -Options Exercise $0 -3,972 -100% $0.00 0 Mar 1, 2022 Common Stock 3,972 $0.00 Direct F5
transaction AVY 2022 MSU Award +Grant/Award $0 +1,902 $0.00 1,902 Mar 1, 2022 Common Stock 1,902 $0.00 Direct F6
transaction AVY 2022 PU Award +Grant/Award $0 +1,527 $0.00 1,527 Mar 1, 2022 Common Stock 1,527 $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.