Mitchell R. Butier - Aug 20, 2024 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
Executive Chairman, Director
Signature
/s/ Vikas Arora attorney-in-fact for Mitchell R Butier
Stock symbol
AVY
Transactions as of
Aug 20, 2024
Transactions value $
-$2,781,595
Form type
4
Date filed
8/22/2024, 05:49 PM
Previous filing
Aug 20, 2024
Next filing
Aug 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVY Common Stock Options Exercise $740K +10K +3.29% $73.96 314K Aug 20, 2024 Direct F1
transaction AVY Common Stock Sale -$1.7M -8.05K -2.56% $211.68 306K Aug 20, 2024 Direct F1, F2
transaction AVY Common Stock Sale -$415K -1.95K -0.64% $212.60 304K Aug 20, 2024 Direct F1, F3
transaction AVY Common Stock Options Exercise $740K +10K +3.29% $73.96 314K Aug 21, 2024 Direct F1
transaction AVY Common Stock Sale -$298K -1.4K -0.45% $212.30 313K Aug 21, 2024 Direct F1, F4
transaction AVY Common Stock Sale -$309K -1.45K -0.46% $213.46 311K Aug 21, 2024 Direct F1, F5
transaction AVY Common Stock Sale -$846K -3.95K -1.27% $214.41 307K Aug 21, 2024 Direct F1, F6
transaction AVY Common Stock Sale -$689K -3.2K -1.04% $215.13 304K Aug 21, 2024 Direct F1, F7
holding AVY Common Stock (Savings Plan) 4.18K Aug 20, 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 2016 Employee Stock Option Options Exercise $0 -10K -26.95% $0.00 27.1K Aug 20, 2024 Common Stock 10K $73.96 Direct F1
transaction AVY 2016 Employee Stock Option Options Exercise $0 -10K -36.89% $0.00 17.1K Aug 21, 2024 Common Stock 10K $73.96 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported exercise of options and sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2024, which provides for the potential total sale of up to 141,108 shares.
F2 Transaction executed in multiple trades at prices ranging from $211.145 - $212.100. 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 $212.200 - $212.910. 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 $211.770 - $212.760. 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 $212.780 - $213.740. 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 Transaction executed in multiple trades at prices ranging from $213.810 - $214.800. 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.
F7 Transaction executed in multiple trades at prices ranging from $214.810 - $215.560. 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.