Mitchell R. Butier - Mar 1, 2025 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: Mar 1, 2025
Transactions value $: $3,935,181
Form type: 4
Date filed: 3/4/2025, 06:57 PM
Previous filing: Feb 7, 2025
Next filing: Mar 6, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVY	Common Stock	Options Exercise	$1.03M	+5.52K	+1.82%	$187.06	309K	Mar 1, 2025	Direct
transaction	AVY	Common Stock	Tax liability	-$603K	-3.23K	-1.04%	$187.06	306K	Mar 1, 2025	Direct
transaction	AVY	Common Stock	Options Exercise	$1.12M	+5.99K	+1.96%	$187.06	312K	Mar 1, 2025	Direct
transaction	AVY	Common Stock	Tax liability	-$655K	-3.5K	-1.12%	$187.06	308K	Mar 1, 2025	Direct
transaction	AVY	Common Stock	Options Exercise	$1.01M	+5.42K	+1.76%	$187.06	314K	Mar 1, 2025	Direct
transaction	AVY	Common Stock	Tax liability	-$592K	-3.17K	-1.01%	$187.06	310K	Mar 1, 2025	Direct
transaction	AVY	Common Stock	Options Exercise	$1.98M	+10.6K	+3.42%	$187.06	321K	Mar 1, 2025	Direct
transaction	AVY	Common Stock	Tax liability	-$1.16M	-6.2K	-1.93%	$187.06	315K	Mar 1, 2025	Direct
transaction	AVY	Common Stock	Options Exercise	$4.32M	+23.1K	+7.34%	$187.06	338K	Mar 1, 2025	Direct
transaction	AVY	Common Stock	Tax liability	-$2.53M	-13.5K	-4%	$187.06	324K	Mar 1, 2025	Direct
holding	AVY	Common Stock (Savings Plan)						4.22K	Mar 1, 2025	Savings Plan

Showing 1 to 11 of 11 entries

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	2021 MSU Award	Options Exercise	$0	-5.52K	-100%	$0.00	0	Mar 1, 2025	Common Stock	5.52K	$0.00	Direct	F1
transaction	AVY	2022 MSU Award	Options Exercise	$0	-5.99K	-49.19%	$0.00	6.19K	Mar 1, 2025	Common Stock	5.99K	$0.00	Direct	F2
transaction	AVY	2023 MSU Award	Options Exercise	$0	-5.42K	-33.18%	$0.00	10.9K	Mar 1, 2025	Common Stock	5.42K	$0.00	Direct	F3
transaction	AVY	2022 PU Award	Options Exercise	$0	-10.6K	-100%	$0.00	0	Mar 1, 2025	Common Stock	10.6K	$0.00	Direct	F4
transaction	AVY	2024 RSU Award	Options Exercise	$0	-23.1K	-100%	$0.00	0	Mar 1, 2025	Common Stock	23.1K	$0.00	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares reflect the vesting of the fourth tranche of MSUs granted in February 2021 at 128% of target based on our absolute total stockholder return in excess of 10% during the 2021-2024 performance period, plus dividend equivalents accrued during the period.
F2	Shares reflect the vesting of the third tranche of MSUs granted in March 2022 at 92% of target based on our absolute total stockholder return during the 2022-2024 performance period, plus dividend equivalents accrued during the period.
F3	Shares reflect the vesting of the second tranche of MSUs granted in March 2023 at 96% of target based on our absolute total stockholder return during the 2023-2024 performance period, plus dividend equivalents accrued during the period.
F4	Shares reflect the vesting of PUs granted in March 2022 at 50% of target, based 50% on our cumulative economic value added of 0% of target and 50% on our capped relative total stockholder return of 100% of target.
F5	Shares reflect the vesting of RSUs granted on March 1, 2024.