Mitchell R. Butier - 01 Mar 2024 Form 4 Insider Report for Avery Dennison Corp (AVY)

Signature
/s/ Vikas Arora attorney-in-fact for Mitchell R Butier
Issuer symbol
AVY
Transactions as of
01 Mar 2024
Net transactions value
-$9,039
Form type
4
Filing time
05 Mar 2024, 18:35:11 UTC
Previous filing
03 Mar 2023
Next filing
31 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVY Common Stock Options Exercise $2,268,829 +10,482 +3.4% $216.45 314,596 01 Mar 2024 Direct
transaction AVY Common Stock Tax liability $1,301,081 -6,011 -1.9% $216.45 308,585 01 Mar 2024 Direct
transaction AVY Common Stock Options Exercise $1,234,198 +5,702 +1.8% $216.45 314,287 01 Mar 2024 Direct
transaction AVY Common Stock Tax liability $708,008 -3,271 -1% $216.45 311,016 01 Mar 2024 Direct
transaction AVY Common Stock Options Exercise $1,303,462 +6,022 +1.9% $216.45 317,038 01 Mar 2024 Direct
transaction AVY Common Stock Tax liability $747,618 -3,454 -1.1% $216.45 313,584 01 Mar 2024 Direct
transaction AVY Common Stock Options Exercise $1,177,488 +5,440 +1.7% $216.45 319,024 01 Mar 2024 Direct
transaction AVY Common Stock Tax liability $675,324 -3,120 -0.98% $216.45 315,904 01 Mar 2024 Direct
transaction AVY Common Stock Options Exercise $6,978,997 +32,243 +10% $216.45 348,147 01 Mar 2024 Direct
transaction AVY Common Stock Tax liability $4,002,593 -18,492 -5.3% $216.45 329,655 01 Mar 2024 Direct
transaction AVY Common Stock Sale $119,641 -547 -0.17% $218.72 329,108 04 Mar 2024 Direct F1
transaction AVY Common Stock Sale $1,655,731 -7,621 -2.3% $217.26 321,487 04 Mar 2024 Direct F2
transaction AVY Common Stock Sale $1,581,636 -7,333 -2.3% $215.69 314,154 05 Mar 2024 Direct F3
transaction AVY Common Stock Sale $2,006,276 -9,240 -2.9% $217.13 304,914 05 Mar 2024 Direct F4
transaction AVY Common Stock Sale $174,106 -800 -0.26% $217.63 304,114 05 Mar 2024 Direct F5
holding AVY Common Stock (Savings Plan) 4,148 01 Mar 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 2020 MSU Award Options Exercise $0 -10,482 -100% $0.000000* 0 01 Mar 2024 Common Stock 10,482 $0.000000 Direct F6
transaction AVY 2021 MSU Award Options Exercise $0 -5,702 -58% $0.000000 4,061 01 Mar 2024 Common Stock 5,702 $0.000000 Direct F7
transaction AVY 2022 MSU Award Options Exercise $0 -6,022 -33% $0.000000 12,377 01 Mar 2024 Common Stock 6,022 $0.000000 Direct F8
transaction AVY 2023 MSU Award Options Exercise $0 -5,440 -25% $0.000000 16,362 01 Mar 2024 Common Stock 5,440 $0.000000 Direct F9
transaction AVY 2021 PU Award Options Exercise $0 -32,243 -100% $0.000000* 0 01 Mar 2024 Common Stock 32,243 $0.000000 Direct F10
transaction AVY 2024 RSU Award Award $0 +23,101 $0.000000 23,101 01 Mar 2024 Common Stock 23,101 $0.000000 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction executed in multiple trades at prices ranging from $218.500 - 219.040. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 Transaction executed in multiple trades at prices ranging from $217.000 - 217.860. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 Transaction executed in multiple trades at prices ranging from $215.500 - 216.445. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 Transaction executed in multiple trades at prices ranging from $216.530 - 217.500. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 Transaction executed in multiple trades at prices ranging from $217.555 - 217.670. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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.
F11 Restricted stock units (RSUs) cliff vest on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock.