Avery Dennison names Sheirbon Solutions Group president
Sheirbon's package sets a $625,000 base salary alongside target incentives of 60% and 200% of salary and one-time cash and equity awards.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Avery Dennison Corp. (AVY) elected Helen J. Sheirbon as President, Solutions Group and an executive officer, effective November 3, 2026. She is currently senior vice president and chief operating officer of Global HP Solutions at HP Inc. and will leave HP by the end of October 2026.
Her annual base salary is $625,000, with target Annual Incentive Plan and long-term incentive opportunities of 60% and 200% of base salary, respectively. One-time awards include restricted stock units with a $2,000,000 grant-date fair value, to be granted December 1, 2026 and vesting 50% on each of the first two anniversaries, and performance units with a $1,500,000 grant-date fair value, to be granted with the company’s annual LTI awards in the first quarter of 2027 and cliff-vesting after a three-year performance period. Cash payments are a $250,000 signing bonus after commencement and $800,000 in February 2027 if she remains employed and in good standing. She must repay both cash payments if she voluntarily terminates within 24 months of her start date; equity awards require continued employment through vesting.
Filing Explained
Separately, Sheirbon is eligible for a
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Annual base salary: $625,000
Target Annual Incentive Plan opportunity: 60% of base salary
Target long-term incentive opportunity: 200% of base salary
+4 more
7 metrics
Annual base salary
$625,000
For Helen J. Sheirbon's role
Target Annual Incentive Plan opportunity
60% of base salary
For Helen J. Sheirbon
Target long-term incentive opportunity
200% of base salary
For Helen J. Sheirbon
Restricted stock units
$2,000,000 grant-date fair value
To be granted December 1, 2026; 50% vests on each of the first and second anniversaries
Performance units
$1,500,000 grant-date fair value
To be granted with annual LTI awards in the first quarter of 2027; three-year performance period
Cash signing bonus
$250,000
Payable as soon as practicable following commencement of employment
Cash payment
$800,000
Payable in February 2027 if she remains employed and in good standing
Key Terms
Annual Incentive Plan, long-term incentive (LTI), restricted stock units, performance units, +1 more
5 terms
Annual Incentive Plan financial
"target Annual Incentive Plan opportunity of 60% of base salary"
long-term incentive (LTI) financial
"target long-term incentive (LTI) opportunity of 200% of base salary"
restricted stock units financial
"special equity award of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance units financial
"special equity award of performance units cliff-vesting"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
cliff-vesting financial
"performance units cliff-vesting at the end of a three-year performance period"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is Helen Sheirbon's new role at AVY?
Helen J. Sheirbon was elected President, Solutions Group and an executive officer of Avery Dennison, effective November 3, 2026.
Does Helen Sheirbon have to repay her AVY signing bonus if she leaves?
If Ms. Sheirbon voluntarily terminates employment within 24 months of her start date, she must repay the cash signing bonus and the $800,000 payment. Her equity awards require continued employment through the applicable vesting dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) | (Zip Code) | |||||||
Registrant’s telephone number, including area code (440 ) 534-6000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 5 — Corporate Governance and Management
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(c) On October 9, 2026, the Board of Directors (the “Board”) of Avery Dennison Corporation, a Delaware corporation (the “Company”), elected Helen J. Sheirbon as President, Solutions Group, and an “executive officer” of the Company under the rules of the Securities and Exchange Commission, effective November 3, 2026. Ms. Sheirbon, age 51, has served as Senior Vice President and Chief Operating Officer of Global HP Solutions, HP Inc., a global technology company, since July 2025 and will leave that company by the end of October 2026. Prior to her current position, she held roles of increasing responsibility within that company, including Senior Vice President and Division President, Collaboration and Accessories Solutions, from January 2024 to July 2025; Senior Vice President, Global Customer Support and Services Delivery, from March 2022 to December 2023; and Vice President, Print (Worldwide and North America), from March 2017 to February 2022. A copy of the press release, dated October 12, 2026, announcing Ms. Sheirbon’s role is attached as Exhibit 99.1 hereto and incorporated herein by reference.
In connection with her election, the Board’s Talent and Compensation Committee (the “Committee”) approved the following compensation package for Ms. Sheirbon: (i) an annual base salary of $625,000; (ii) a target Annual Incentive Plan opportunity of 60% of base salary; and (iii) a target long-term incentive (LTI) opportunity of 200% of base salary. The Committee also approved the following one-time compensation for Ms. Sheirbon: (i) a special equity award of restricted stock units with a grant date fair value of $2,000,000 to be granted on December 1, 2026, which will vest 50% on the first and second anniversaries of the grant date; (ii) a special equity award of performance units cliff-vesting at the end of a three-year performance period with a grant date fair value of $1,500,000 to be granted on the same date as that of the Company’s annual LTI awards in the first quarter of 2027, with performance objectives consistent with the awards then to be granted to similarly-situated executives; (iii) a cash signing bonus of $250,000 to be paid as soon as practicable following her commencement of employment; and (iv) to offset equity and cash incentives forfeited at her prior employer, a cash payment of $800,000 to be paid in February 2027 provided she is still employed by the Company and in good standing at that time. The equity awards are subject to her continued employment through the applicable vesting dates and the cash bonus and payment are required to be repaid by Ms. Sheirbon in the event she voluntarily terminates her employment within 24 months of her start date. As a Level 2 executive of the Company, Ms. Sheirbon will be eligible to receive an annual executive benefit allowance of $65,000; reimbursement of up to $15,000 per year for financial counseling and tax preparation services; a paid annual executive physical; and taxable relocation assistance benefits in accordance with the Company’s executive relocation policy. She will also be an eligible participant in the Company’s savings, deferred compensation, executive severance and key executive change of control severance plans, in each case as described in the Company’s 2026 Proxy Statement filed with the Securities and Exchange Commission on March 12, 2026.
Section 9 — Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
| Exhibit Number | Exhibit Title | |||||||
| 99.1 | Press Release, dated October 12, 2026, naming Helen Sheirbon as President, Solutions Group | |||||||
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) | |||||||
EXHIBIT INDEX
| Exhibit Number | Exhibit Title | |||||||
| 99.1 | Press Release, dated October 12, 2026, naming Helen Sheirbon as President, Solutions Group | |||||||
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AVERY DENNISON CORPORATION | ||||||||||||||
| Date: October 13, 2026 | By: | /s/ Deon M. Stander | ||||||||||||
Name: Title: | Deon M. Stander President and Chief Executive Officer | |||||||||||||
Exhibit 99.1
 | Press Release | ||||
For Immediate Release
Avery Dennison Names Helen Sheirbon
President, Solutions Group
MENTOR, Ohio—(BUSINESS WIRE)—October 12, 2026—Avery Dennison Corporation (NYSE: AVY), a leading global materials science and digital identification solutions company, today announced that Helen Sheirbon has been appointed president, Solutions Group, effective November 3, 2026.
“We are extremely pleased to welcome Helen,” said Avery Dennison President and CEO Deon Stander. “Helen brings significant global experience driving growth, transformation and customer-centric innovation across solutions, services, printing and global supply chain. The Solutions Group will benefit from her leadership in digital innovation and track record of operational excellence.
“As president of the Solutions Group, Helen will continue to build on our strong position at the intersection of the physical and digital worlds by leveraging our deep industry expertise and market-driven innovation to deliver exceptional value to our customers.”
Sheirbon currently serves as senior vice president and chief operating officer of Global HP Solutions for HP Inc., where she leads operations and strategic execution across HP’s global Solutions portfolio, enabling intelligent platforms, AI-powered insights and collaboration across all HP global businesses. Her experience with HP spans over two decades during which she has held leadership roles of increasing responsibility.
Sheirbon holds a master's degree in business administration from the University of Virginia Darden School of Business and a bachelor’s degree in biochemistry from Bates College.
About Avery Dennison
Avery Dennison Corporation (NYSE: AVY) is a global materials science and digital identification solutions company. We are Making Possible™ products and solutions that help advance the industries we serve, providing branding and information solutions that optimize labor and supply chain efficiency, reduce waste and mitigate loss, advance sustainability, circularity and transparency and better connect brands and consumers. We design and develop labeling and functional materials, radio-frequency identification (RFID) inlays and tags, software applications that connect the physical and digital and offerings that enhance branded packaging and carry or display information that improves the customer experience. Serving industries worldwide — including home and personal care, apparel, general retail, e-commerce, logistics, food and
grocery, pharmaceuticals and automotive — we employ approximately 35,000 employees in more than 50 countries. Our reported sales in 2025 were $8.9 billion. Learn more at www.averydennison.com.
Contact
William Gilchrist
Vice President, Investor Relations
Vice President, Investor Relations
investorcom@averydennison.com
Kristin Robinson
Vice President, Global Communications
kristin.robinson@averydennison.com