Francisco Melo - 01 Mar 2025 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
President, Solutions Group
Signature
/s/ Vikas Arora, attorney-in-fact for Francisco Melo
Issuer symbol
AVY
Transactions as of
01 Mar 2025
Net transactions value
+$209,694
Form type
4
Filing time
04 Mar 2025, 19:00:56 UTC
Previous filing
21 May 2024
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 $67,903 +363 +2.4% $187.06 15,593 01 Mar 2025 Direct
transaction AVY Common Stock Tax liability $31,987 -171 -1.1% $187.06 15,422 01 Mar 2025 Direct
transaction AVY Common Stock Options Exercise $75,385 +403 +2.6% $187.06 15,825 01 Mar 2025 Direct
transaction AVY Common Stock Tax liability $35,541 -190 -1.2% $187.06 15,635 01 Mar 2025 Direct
transaction AVY Common Stock Options Exercise $107,185 +573 +3.7% $187.06 16,208 01 Mar 2025 Direct
transaction AVY Common Stock Tax liability $50,506 -270 -1.7% $187.06 15,938 01 Mar 2025 Direct
transaction AVY Common Stock Options Exercise $79,313 +424 +2.7% $187.06 16,362 01 Mar 2025 Direct
transaction AVY Common Stock Tax liability $37,412 -200 -1.2% $187.06 16,162 01 Mar 2025 Direct
transaction AVY Common Stock Options Exercise $66,780 +357 +2.2% $187.06 16,519 01 Mar 2025 Direct
transaction AVY Common Stock Tax liability $31,426 -168 -1% $187.06 16,351 01 Mar 2025 Direct

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 2025 MSU Award Award $0 +2,447 $0.000000 2,447 01 Mar 2025 Common Stock 2,447 $0.000000 Direct F1
transaction AVY 2025 PU Award Award $0 +2,554 $0.000000 2,554 01 Mar 2025 Common Stock 2,554 $0.000000 Direct F2
transaction AVY 2025 Special PU Award Award $0 +2,735 $0.000000 2,735 01 Mar 2025 Common Stock 2,735 $0.000000 Direct F2
transaction AVY 2025 Special RSU Award Award $0 +5,346 $0.000000 5,346 01 Mar 2025 Common Stock 5,346 $0.000000 Direct F3
transaction AVY 2021 MSU Award Options Exercise $0 -363 -100% $0.000000 0 01 Mar 2025 Common Stock 363 $0.000000 Direct F4
transaction AVY 2022 MSU Award Options Exercise $0 -403 -49% $0.000000 416 01 Mar 2025 Common Stock 403 $0.000000 Direct F5
transaction AVY 2023 MSU Award Options Exercise $0 -573 -33% $0.000000 1,156 01 Mar 2025 Common Stock 573 $0.000000 Direct F6
transaction AVY 2024 MSU Award Options Exercise $0 -424 -24% $0.000000 1,347 01 Mar 2025 Common Stock 424 $0.000000 Direct F7
transaction AVY 2022 PU Award Options Exercise $0 -357 -100% $0.000000 0 01 Mar 2025 Common Stock 357 $0.000000 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 2027, provided certain performance objectives are met as determined by the Compensation Committee in February 2028. 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 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.
F5 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.
F6 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.
F7 Shares reflect the vesting of the first tranche of MSUs granted in March 2024 at 93% of target based on our absolute total stockholder return during the 2024 performance period, plus dividend equivalents accrued during the period.
F8 Shares reflect the vesting of PUs granted in March 2022 at 25% of target, based 75% on the cumulative economic value added of Solutions Group of 0% of target and 25% on our capped relative total stockholder return of 100% of target.