Gregory Lovins - Mar 1, 2024 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
SVP and CFO
Signature
/s/ Vikas Arora attorney-in-fact for Gregory Lovins
Stock symbol
AVY
Transactions as of
Mar 1, 2024
Transactions value $
$1,792,206
Form type
4
Date filed
3/5/2024, 02:54 PM
Previous filing
Mar 3, 2023
Next filing
May 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction AVY Common Stock +Options Exercise $652,380 +3,014 +4.86% $216.45 65,085 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$199,350 -921 -1.42% $216.45 64,164 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $271,428 +1,254 +1.95% $216.45 65,418 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$82,467 -381 -0.58% $216.45 65,037 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $306,926 +1,418 +2.18% $216.45 66,455 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$129,654 -599 -0.9% $216.45 65,856 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $245,238 +1,133 +1.72% $216.45 66,989 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$111,255 -514 -0.77% $216.45 66,475 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $1,535,713 +7,095 +10.67% $216.45 73,570 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$696,753 -3,219 -4.38% $216.45 70,351 Mar 1, 2024 Direct
holding AVY Common Stock (Savings Plan) 2,158 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 +3,609 $0.00 3,609 Mar 1, 2024 Common Stock 3,609 $0.00 Direct F1
transaction AVY 2024 PU Award +Grant/Award $0 +4,119 $0.00 4,119 Mar 1, 2024 Common Stock 4,119 $0.00 Direct F2
transaction AVY 2020 MSU Award -Options Exercise $0 -3,014 -100% $0.00 0 Mar 1, 2024 Common Stock 3,014 $0.00 Direct F3
transaction AVY 2021 MSU Award -Options Exercise $0 -1,254 -58.38% $0.00 894 Mar 1, 2024 Common Stock 1,254 $0.00 Direct F4
transaction AVY 2022 MSU Award -Options Exercise $0 -1,418 -32.73% $0.00 2,915 Mar 1, 2024 Common Stock 1,418 $0.00 Direct F5
transaction AVY 2023 MSU Award -Options Exercise $0 -1,133 -24.94% $0.00 3,409 Mar 1, 2024 Common Stock 1,133 $0.00 Direct F6
transaction AVY 2021 PU Award -Options Exercise $0 -7,095 -100% $0.00 0 Mar 1, 2024 Common Stock 7,095 $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.