Deena Baker-Nel - Mar 1, 2024 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
SVP & Chief HR Officer
Signature
/s/ Vikas Arora attorney-in-fact for Deena Baker-Nel
Stock symbol
AVY
Transactions as of
Mar 1, 2024
Transactions value $
$623,160
Form type
4
Date filed
3/5/2024, 02:51 PM
Previous filing
Feb 6, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction AVY Common Stock +Options Exercise $170,346 +787 +46.35% $216.45 2,485 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$62,338 -288 -11.59% $216.45 2,197 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $84,199 +389 +17.71% $216.45 2,586 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$24,892 -115 -4.45% $216.45 2,471 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $92,208 +426 +17.24% $216.45 2,897 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$27,273 -126 -4.35% $216.45 2,771 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $76,840 +355 +12.81% $216.45 3,126 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$22,727 -105 -3.36% $216.45 3,021 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $477,272 +2,205 +72.99% $216.45 5,226 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$140,476 -649 -12.42% $216.45 4,577 Mar 1, 2024 Direct
holding AVY Common Stock (Savings Plan) 1,424 Mar 1, 2024 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 2024 MSU Award +Grant/Award $0 +1,321 $0.00 1,321 Mar 1, 2024 Common Stock 1,321 $0.00 Direct F1
transaction AVY 2024 PU Award +Grant/Award $0 +1,507 $0.00 1,507 Mar 1, 2024 Common Stock 1,507 $0.00 Direct F2
transaction AVY 2020 MSU Award -Options Exercise $0 -787 -100% $0.00 0 Mar 1, 2024 Common Stock 787 $0.00 Direct F3
transaction AVY 2021 MSU Award -Options Exercise $0 -389 -58.32% $0.00 278 Mar 1, 2024 Common Stock 389 $0.00 Direct F4
transaction AVY 2022 MSU Award -Options Exercise $0 -426 -32.62% $0.00 880 Mar 1, 2024 Common Stock 426 $0.00 Direct F5
transaction AVY 2023 MSU Award -Options Exercise $0 -355 -24.91% $0.00 1,070 Mar 1, 2024 Common Stock 355 $0.00 Direct F6
transaction AVY 2021 PU Award -Options Exercise $0 -2,205 -100% $0.00 0 Mar 1, 2024 Common Stock 2,205 $0.00 Direct F7

Explanation of Responses:

Id Content
F1 Market-leveraged stock units (MSUs) 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. Each MSU represents a contingent right to receive one share of common stock, plus dividend equivalents accrued during the vesting period.
F2 Performance units (PUs) vest, at the end of fiscal year 2026, provided certain performance objectives are met as determined by the Compensation Committee in February 2027. Each PU represents a contingent right to receive one share of common stock.
F3 Shares reflect the vesting of the fourth tranche of MSUs granted in February 2020 at 180% of target based on our absolute total stockholder return in excess of 10% during the 2020-2023 performance period, plus dividend equivalents accrued during the period.
F4 Shares reflect the vesting of the third tranche of MSUs granted in March 2021 at 134% of target based on our absolute total stockholder return in excess of 10% during the 2021-2023 performance period, plus dividend equivalents accrued during the period.
F5 Shares reflect the vesting of the second tranche of MSUs granted in March 2022 at 94% of target based on our absolute total stockholder return during the 2022-2023 performance period, plus dividend equivalents accrued during the period.
F6 Shares reflect the vesting of the first tranche of MSUs granted in March 2023 at 98% of target based on our absolute total stockholder return during the 2023 performance period, plus dividend equivalents accrued during the period.
F7 Shares reflect the vesting of PUs granted in March 2021 at 183% of target, based 50% on our cumulative economic value added and 50% on our relative total stockholder return.