Ignacio J. Walker - Mar 1, 2024 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
SVP and Chief Legal Officer
Signature
/s/ Vikas Arora, attorney-in-fact for Ignacio J. Walker
Stock symbol
AVY
Transactions as of
Mar 1, 2024
Transactions value $
$689,610
Form type
4
Date filed
3/5/2024, 02:53 PM
Previous filing
Feb 28, 2024
Next filing
Jun 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction AVY Common Stock +Options Exercise $161,255 +745 +12.21% $216.45 6,847 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$43,074 -199 -2.91% $216.45 6,648 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $87,446 +404 +6.08% $216.45 7,052 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$21,429 -99 -1.4% $216.45 6,953 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $94,805 +438 +6.3% $216.45 7,391 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$23,160 -107 -1.45% $216.45 7,284 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $78,571 +363 +4.98% $216.45 7,647 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$19,264 -89 -1.16% $216.45 7,558 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $495,238 +2,288 +30.27% $216.45 9,846 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$120,779 -558 -5.67% $216.45 9,288 Mar 1, 2024 Direct
holding AVY Common Stock (Savings Plan) 565 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 +1,135 $0.00 1,135 Mar 1, 2024 Common Stock 1,135 $0.00 Direct F1
transaction AVY 2024 PU Award +Grant/Award $0 +1,295 $0.00 1,295 Mar 1, 2024 Common Stock 1,295 $0.00 Direct F2
transaction AVY 2020 MSU Award -Options Exercise $0 -745 -100% $0.00 0 Mar 1, 2024 Common Stock 745 $0.00 Direct F3
transaction AVY 2021 MSU Award -Options Exercise $0 -404 -58.38% $0.00 288 Mar 1, 2024 Common Stock 404 $0.00 Direct F4
transaction AVY 2022 MSU Award -Options Exercise $0 -438 -32.74% $0.00 900 Mar 1, 2024 Common Stock 438 $0.00 Direct F5
transaction AVY 2023 MSU Award -Options Exercise $0 -363 -24.91% $0.00 1,094 Mar 1, 2024 Common Stock 363 $0.00 Direct F6
transaction AVY 2021 PU Award -Options Exercise $0 -2,288 -100% $0.00 0 Mar 1, 2024 Common Stock 2,288 $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.