Ryan D. Yost - Mar 1, 2024 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
President, Materials Group
Signature
/s/ Vikas Arora, attorney-in-fact for Ryan D Yost
Stock symbol
AVY
Transactions as of
Mar 1, 2024
Transactions value $
$456,710
Form type
4
Date filed
3/5/2024, 03:12 PM
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction AVY Common Stock +Options Exercise $65,584 +303 +14.21% $216.45 2,436 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$23,593 -109 -4.47% $216.45 2,327 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $30,952 +143 +6.15% $216.45 2,470 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$11,039 -51 -2.06% $216.45 2,419 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $35,498 +164 +6.78% $216.45 2,583 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$10,606 -49 -1.9% $216.45 2,534 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $47,186 +218 +8.6% $216.45 2,752 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$14,502 -67 -2.43% $216.45 2,685 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $122,727 +567 +21.12% $216.45 3,252 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$37,662 -174 -5.35% $216.45 3,078 Mar 1, 2024 Direct
transaction AVY Common Stock +Options Exercise $362,337 +1,674 +54.39% $216.45 4,752 Mar 1, 2024 Direct
transaction AVY Common Stock -Tax liability -$110,173 -509 -10.71% $216.45 4,243 Mar 1, 2024 Direct
holding AVY Common Stock (Savings Plan) 4 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 +1,819 $0.00 1,819 Mar 1, 2024 Common Stock 1,819 $0.00 Direct F1
transaction AVY 2024 PU Award +Grant/Award $0 +2,207 $0.00 2,207 Mar 1, 2024 Common Stock 2,207 $0.00 Direct F2
transaction AVY 2024 Special PU Award +Grant/Award $0 +1,318 $0.00 1,318 Mar 1, 2024 Common Stock 1,318 $0.00 Direct F2
transaction AVY 2024 Special RSU +Grant/Award $0 +3,234 $0.00 3,234 Mar 1, 2024 Common Stock 3,234 $0.00 Direct F3
transaction AVY 2020 MSU Award -Options Exercise $0 -303 -100% $0.00 0 Mar 1, 2024 Common Stock 303 $0.00 Direct F4
transaction AVY 2021 MSU Award -Options Exercise $0 -143 -58.37% $0.00 102 Mar 1, 2024 Common Stock 143 $0.00 Direct F5
transaction AVY 2022 MSU Award -Options Exercise $0 -164 -32.6% $0.00 339 Mar 1, 2024 Common Stock 164 $0.00 Direct F6
transaction AVY 2023 MSU Award -Options Exercise $0 -218 -24.86% $0.00 659 Mar 1, 2024 Common Stock 218 $0.00 Direct F7
transaction AVY 2021 PU Award -Options Exercise $0 -567 -100% $0.00 0 Mar 1, 2024 Common Stock 567 $0.00 Direct F8
transaction AVY 2021 RSU Award -Options Exercise $0 -1,674 -100% $0.00 0 Mar 1, 2024 Common Stock 1,674 $0.00 Direct F9

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 Restricted stock units (RSUs) cliff vest on the third anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock.
F4 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.
F5 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.
F6 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.
F7 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.
F8 Shares reflect the vesting of PUs granted in March 2021 at 123% of target, based 75% on the cumulative economic value added of RBIS (now Solutions Group) and 25% on our relative total stockholder return.
F9 Shares reflect the vesting of the RSUs granted on March 1, 2021.