Hassan Rmaile - 27 Apr 2023 Form 3 Insider Report for Avery Dennison Corp (AVY)

Role
President, Materials Group
Signature
/s/ Vikas Arora, attorney-in-fact for Hassan Rmaile
Issuer symbol
AVY
Transactions as of
27 Apr 2023
Net transactions value
$0
Form type
3
Filing time
05 May 2023, 17:08:35 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AVY Common Stock 13,370 27 Apr 2023 Direct

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
holding AVY 2020 MSU Award 27 Apr 2023 Common Stock 579 $0.000000 Direct F1
holding AVY 2020 RSU Award 27 Apr 2023 Common Stock 3,314 $0.000000 Direct F2
holding AVY 2021 MSU Award 27 Apr 2023 Common Stock 640 $0.000000 Direct F1
holding AVY 2021 PU Award 27 Apr 2023 Common Stock 1,522 $0.000000 Direct F3
holding AVY 2022 MSU Award 27 Apr 2023 Common Stock 1,415 $0.000000 Direct F1
holding AVY 2022 PU Award 27 Apr 2023 Common Stock 1,462 $0.000000 Direct F4
holding AVY 2022 RSU Award 27 Apr 2023 Common Stock 8,793 $0.000000 Direct F2
holding AVY 2023 MSU Award 27 Apr 2023 Common Stock 2,805 $0.000000 Direct F1
holding AVY 2023 PU Award 27 Apr 2023 Common Stock 2,914 $0.000000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The restricted stock units cliff vest on the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of common stock.
F3 Performance units vest, if at all, at the end of fiscal year 2023, provided certain performance objectives are met as determined by the Compensation Committee in February 2024. Each performance unit represents a contingent right to receive one share of common stock
F4 Performance units vest, if at all, at the end of fiscal year 2024, provided certain 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 common stock
F5 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