Lori Bondar - Mar 1, 2023 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, 2023
Transactions value $
$801,623
Form type
4
Date filed
3/3/2023, 03:18 PM
Previous filing
Mar 3, 2022
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction AVY Common Stock +Options Exercise $618,624 +3,394 +12.02% $182.27 31,628 Mar 1, 2023 Direct F1
transaction AVY Common Stock -Tax liability -$164,590 -903 -2.86% $182.27 30,725 Mar 1, 2023 Direct
transaction AVY Common Stock +Options Exercise $170,605 +936 +3.05% $182.27 31,661 Mar 1, 2023 Direct F2
transaction AVY Common Stock -Tax liability -$45,750 -251 -0.79% $182.27 31,410 Mar 1, 2023 Direct
transaction AVY Common Stock +Options Exercise $152,560 +837 +2.66% $182.27 32,247 Mar 1, 2023 Direct F3
transaction AVY Common Stock -Tax liability -$37,183 -204 -0.63% $182.27 32,043 Mar 1, 2023 Direct
transaction AVY Common Stock +Options Exercise $62,701 +344 +1.07% $182.27 32,387 Mar 1, 2023 Direct F4
transaction AVY Common Stock -Tax liability -$15,311 -84 -0.26% $182.27 32,303 Mar 1, 2023 Direct
transaction AVY Common Stock +Options Exercise $79,287 +435 +1.35% $182.27 32,738 Mar 1, 2023 Direct F5
transaction AVY Common Stock -Tax liability -$19,321 -106 -0.32% $182.27 32,632 Mar 1, 2023 Direct
holding AVY Common Stock (Savings Plan) 2,466 Mar 1, 2023 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 2023 MSU Award +Grant/Award $0 +1,318 $0.00 1,318 Mar 1, 2023 Common Stock 1,318 $0.00 Direct F6
transaction AVY 2023 PU Award +Grant/Award $0 +1,359 $0.00 1,359 Mar 1, 2023 Common Stock 1,359 $0.00 Direct F7
transaction AVY 2020 PU Award -Options Exercise $0 -3,394 -100% $0.00 0 Mar 1, 2023 Common Stock 3,394 $0.00 Direct F1
transaction AVY 2019 MSU Award -Options Exercise $0 -936 -100% $0.00 0 Mar 1, 2023 Common Stock 936 $0.00 Direct F2
transaction AVY 2020 MSU Award -Options Exercise $0 -837 -63.22% $0.00 487 Mar 1, 2023 Common Stock 837 $0.00 Direct F3
transaction AVY 2021 MSU Award -Options Exercise $0 -344 -38.31% $0.00 554 Mar 1, 2023 Common Stock 344 $0.00 Direct F4
transaction AVY 2022 MSU Award -Options Exercise $0 -435 -23.36% $0.00 1,427 Mar 1, 2023 Common Stock 435 $0.00 Direct F5

Explanation of Responses:

Id Content
F1 Shares reflect the vesting of performance units granted in February 2020 at 200% of target, 50% based on our cumulative economic value added and 50% on our relative total stockholder return.
F2 Shares reflect the vesting of the fourth 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 2019-2022 performance period, plus dividend equivalents accrued during the period.
F3 Shares reflect the vesting of the third tranche of market-leveraged stock units granted in February 2020 at 164% of target based on our absolute total stockholder return in excess of 10% during the 2020-2022 performance period, plus dividend equivalents accrued during the period.
F4 Shares reflect the vesting of the second tranche of market-leveraged stock units granted in February 2021 at 121% of target based on our absolute total stockholder return in excess of 10% during the 2021-2022 performance period, plus dividend equivalents accrued during the period.
F5 Shares reflect the vesting of the first tranche of market-leveraged stock units granted in February 2022 at 90% of target based on our absolute total stockholder return in excess of 10% during the 2022 performance period, plus dividend equivalents accrued during the period.
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 the percentage change in the Company's stock price, plus dividend equivalents accrued during the vesting period. Each market-leveraged stock unit represents a contingent right to receive one share of common stock, plus accrued dividend equivalents.
F7 Performance units vest, if at all, at the end of fiscal year 2025, provided certain performance objectives are met as determined by the Compensation Committee in February 2026. Each performance unit represents a contingent right to receive one share of common stock