Divina Santiago - Sep 5, 2023 Form 3 Insider Report for Avery Dennison Corp (AVY)

Role
VP Controller
Signature
/s/ Vikas Arora POA for Divina Santiago
Stock symbol
AVY
Transactions as of
Sep 5, 2023
Transactions value $
$0
Form type
3
Date filed
9/5/2023, 04:46 PM
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AVY Common Stock 214 Sep 5, 2023 Direct
holding AVY Common Stock (Savings Plan) 360 Sep 5, 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
holding AVY 2022 MSU Award Sep 5, 2023 Common Stock 221 $0.00 Direct F1
holding AVY 2022 PU Award Sep 5, 2023 Common Stock 236 $0.00 Direct F2
holding AVY 2023 MSU Award Sep 5, 2023 Common Stock 228 $0.00 Direct F1
holding AVY 2023 PU Award Sep 5, 2023 Common Stock 235 $0.00 Direct F3
* 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 datebased on the percentage change in the Company's stock price, plus dividend equivalents accrued during the vesting period. Each market-leveraged stockunit represents a contingent right to receive one share of common stock, plus accrued dividend equivalents.
F2 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.
F3 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.