Lori J. Bondar - 01 Mar 2023 Form 4 Insider Report for Avery Dennison Corp (AVY)

Reporting relationship: VP, Ctrlr, Treasurer & CAO
Issuer ticker: AVY
Reported as of: 01 Mar 2023
Net transaction value: +$801,623
SEC form: 4
Accepted by SEC: 03 Mar 2023, 15:18:40 UTC
Prior SEC filing: 03 Mar 2022
Next SEC filing: 08 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ Vikas Arora POA for Lori J Bondar

Key filing fact

Lori J. Bondar filed Form 4 for Avery Dennison Corp (AVY) on 03 Mar 2023.

Key facts

This page summarizes Lori J. Bondar's Form 4 filing for Avery Dennison Corp (AVY).
17 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 03 Mar 2023, 15:18.

Change

Previous filing in this sequence was filed on 03 Mar 2022.
Current net transaction value: +$801,623.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AVY transaction

Common Stock

Options Exercise

Transaction value: $618,624
Shares: +3,394
Change %: +12%
Price: $182.27
Shares after: 31,628
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F1

AVY transaction

Common Stock

Tax liability

Transaction value: $164,590
Shares: -903
Change %: -2.9%
Price: $182.27
Shares after: 30,725
Date: 01 Mar 2023
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $170,605
Shares: +936
Change %: +3%
Price: $182.27
Shares after: 31,661
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F2

AVY transaction

Common Stock

Tax liability

Transaction value: $45,750
Shares: -251
Change %: -0.79%
Price: $182.27
Shares after: 31,410
Date: 01 Mar 2023
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $152,560
Shares: +837
Change %: +2.7%
Price: $182.27
Shares after: 32,247
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F3

AVY transaction

Common Stock

Tax liability

Transaction value: $37,183
Shares: -204
Change %: -0.63%
Price: $182.27
Shares after: 32,043
Date: 01 Mar 2023
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $62,701
Shares: +344
Change %: +1.1%
Price: $182.27
Shares after: 32,387
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F4

AVY transaction

Common Stock

Tax liability

Transaction value: $15,311
Shares: -84
Change %: -0.26%
Price: $182.27
Shares after: 32,303
Date: 01 Mar 2023
Ownership: Direct

AVY transaction

Common Stock

Options Exercise

Transaction value: $79,287
Shares: +435
Change %: +1.3%
Price: $182.27
Shares after: 32,738
Date: 01 Mar 2023
Ownership: Direct
Footnotes: F5

AVY transaction

Common Stock

Tax liability

Transaction value: $19,321
Shares: -106
Change %: -0.32%
Price: $182.27
Shares after: 32,632
Date: 01 Mar 2023
Ownership: Direct

AVY holding

Common Stock (Savings Plan)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,466
Date: 01 Mar 2023
Ownership: Savings Plan

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AVY transaction Derivative

2023 MSU Award

Award

Transaction value: $0
Shares: +1,318
Change %
Price: $0.000000
Shares after: 1,318
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,318
Exercise price: $0.000000
Footnotes: F6

AVY transaction Derivative

2023 PU Award

Award

Transaction value: $0
Shares: +1,359
Change %
Price: $0.000000
Shares after: 1,359
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,359
Exercise price: $0.000000
Footnotes: F7

AVY transaction Derivative

2020 PU Award

Options Exercise

Transaction value: $0
Shares: -3,394
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,394
Exercise price: $0.000000
Footnotes: F1

AVY transaction Derivative

2019 MSU Award

Options Exercise

Transaction value: $0
Shares: -936
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 936
Exercise price: $0.000000
Footnotes: F2

AVY transaction Derivative

2020 MSU Award

Options Exercise

Transaction value: $0
Shares: -837
Change %: -63%
Price: $0.000000
Shares after: 487
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 837
Exercise price: $0.000000
Footnotes: F3

AVY transaction Derivative

2021 MSU Award

Options Exercise

Transaction value: $0
Shares: -344
Change %: -38%
Price: $0.000000
Shares after: 554
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 344
Exercise price: $0.000000
Footnotes: F4

AVY transaction Derivative

2022 MSU Award

Options Exercise

Transaction value: $0
Shares: -435
Change %: -23%
Price: $0.000000
Shares after: 1,427
Date: 01 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 435
Exercise price: $0.000000
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Shares reflect the vesting of performance units granted in February 2020 at 200% of target, 50% based on our cumulative economic value added and 50% on our relative total stockholder return.

Footnote F2

Shares reflect the vesting of the fourth tranche of market-leveraged stock units granted in February 2019 at 200% of target based on our absolute total stockholder return in excess of 10% during the 2019-2022 performance period, plus dividend equivalents accrued during the period.

Footnote F3

Shares reflect the vesting of the third tranche of market-leveraged stock units granted in February 2020 at 164% of target based on our absolute total stockholder return in excess of 10% during the 2020-2022 performance period, plus dividend equivalents accrued during the period.

Footnote F4

Shares reflect the vesting of the second tranche of market-leveraged stock units granted in February 2021 at 121% of target based on our absolute total stockholder return in excess of 10% during the 2021-2022 performance period, plus dividend equivalents accrued during the period.

Footnote F5

Shares reflect the vesting of the first tranche of market-leveraged stock units granted in February 2022 at 90% of target based on our absolute total stockholder return in excess of 10% during the 2022 performance period, plus dividend equivalents accrued during the period.

Footnote F6

Market-leveraged stock units vest 25% over one-, two-, three- and four-year performance periods, with the number of shares paid on each vesting date based on the percentage change in the Company's stock price, plus dividend equivalents accrued during the vesting period. Each market-leveraged stock unit represents a contingent right to receive one share of common stock, plus accrued dividend equivalents.

Footnote F7

Performance units vest, if at all, at the end of fiscal year 2025, provided certain performance objectives are met as determined by the Compensation Committee in February 2026. Each performance unit represents a contingent right to receive one share of common stock