Gregory Lovins - 01 Mar 2024 Form 4 Insider Report for Avery Dennison Corp (AVY)

Role
SVP and CFO
Signature
/s/ Vikas Arora attorney-in-fact for Gregory Lovins
Issuer symbol
AVY
Transactions as of
01 Mar 2024
Transactions value $
$1,792,206
Form type
4
Filing time
05 Mar 2024, 14:54:22 UTC
Previous filing
03 Mar 2023
Next filing
13 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 $652,380 +3,014 +4.86% $216.45 65,085 01 Mar 2024 Direct
transaction AVY Common Stock Tax liability -$199,350 -921 -1.42% $216.45 64,164 01 Mar 2024 Direct
transaction AVY Common Stock Options Exercise $271,428 +1,254 +1.95% $216.45 65,418 01 Mar 2024 Direct
transaction AVY Common Stock Tax liability -$82,467 -381 -0.58% $216.45 65,037 01 Mar 2024 Direct
transaction AVY Common Stock Options Exercise $306,926 +1,418 +2.18% $216.45 66,455 01 Mar 2024 Direct
transaction AVY Common Stock Tax liability -$129,653 -599 -0.9% $216.45 65,856 01 Mar 2024 Direct
transaction AVY Common Stock Options Exercise $245,237 +1,133 +1.72% $216.45 66,989 01 Mar 2024 Direct
transaction AVY Common Stock Tax liability -$111,255 -514 -0.77% $216.45 66,475 01 Mar 2024 Direct
transaction AVY Common Stock Options Exercise $1,535,712 +7,095 +10.67% $216.45 73,570 01 Mar 2024 Direct
transaction AVY Common Stock Tax liability -$696,752 -3,219 -4.38% $216.45 70,351 01 Mar 2024 Direct
holding AVY Common Stock (Savings Plan) 2,157 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 2024 MSU Award Award $0 +3,609 $0 3,609 01 Mar 2024 Common Stock 3,609 $0 Direct F1
transaction AVY 2024 PU Award Award $0 +4,119 $0 4,119 01 Mar 2024 Common Stock 4,119 $0 Direct F2
transaction AVY 2020 MSU Award Options Exercise $0 -3,014 -100% $0* 0 01 Mar 2024 Common Stock 3,014 $0 Direct F3
transaction AVY 2021 MSU Award Options Exercise $0 -1,254 -58.38% $0 894 01 Mar 2024 Common Stock 1,254 $0 Direct F4
transaction AVY 2022 MSU Award Options Exercise $0 -1,418 -32.73% $0 2,915 01 Mar 2024 Common Stock 1,418 $0 Direct F5
transaction AVY 2023 MSU Award Options Exercise $0 -1,133 -24.94% $0 3,409 01 Mar 2024 Common Stock 1,133 $0 Direct F6
transaction AVY 2021 PU Award Options Exercise $0 -7,095 -100% $0* 0 01 Mar 2024 Common Stock 7,095 $0 Direct F7
* 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 2026, provided certain performance objectives are met as determined by the Compensation Committee in February 2027. Each PU represents a contingent right to receive one share of common stock.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.