Equity awards boost Avery Dennison (NYSE: AVY) executive shareholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avery Dennison Corp executive Ryan D. Yost reported equity compensation and related share activity. On March 1, 2026, he received a grant of 2,342 restricted stock units under a 2026 RSU Award and 3,386 performance units under a 2026 PU Award. Footnotes state RSUs vest in four equal annual installments and each unit represents one share of common stock, while performance units vest at the end of fiscal year 2028 if specified performance objectives are met.
Multiple market stock units and prior performance units vested and were converted into common shares at a reference price of $194.78 per share, increasing his direct common stock holdings. Several small dispositions in common stock were reported with code F, which the filing describes as shares withheld to cover tax liabilities rather than open-market sales. Following these transactions, he directly owned 6,164 shares of common stock and indirectly held 3.6486 shares through a savings plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,787 shares exercised/converted
Mixed
18 txns
Insider
Yost Ryan D
Role
President, Materials Group
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 RSU Award | 2,342 | $0.00 | -- |
| Grant/Award | 2026 PU Award | 3,386 | $0.00 | -- |
| Exercise | 2022 MSU Award | 167 | $0.00 | -- |
| Exercise | 2023 MSU Award | 222 | $0.00 | -- |
| Exercise | 2024 MSU Award | 434 | $0.00 | -- |
| Exercise | 2025 MSU Award | 714 | $0.00 | -- |
| Exercise | 2023 PU Award | 250 | $0.00 | -- |
| Exercise | Common Stock | 167 | $194.78 | $33K |
| Tax Withholding | Common Stock | 55 | $194.78 | $11K |
| Exercise | Common Stock | 222 | $194.78 | $43K |
| Tax Withholding | Common Stock | 73 | $194.78 | $14K |
| Exercise | Common Stock | 434 | $194.78 | $85K |
| Tax Withholding | Common Stock | 119 | $194.78 | $23K |
| Exercise | Common Stock | 714 | $194.78 | $139K |
| Tax Withholding | Common Stock | 196 | $194.78 | $38K |
| Exercise | Common Stock | 250 | $194.78 | $49K |
| Tax Withholding | Common Stock | 69 | $194.78 | $13K |
| holding | Common Stock (Savings Plan) | -- | -- | -- |
Holdings After Transaction:
2026 RSU Award — 2,342 shares (Direct);
2026 PU Award — 3,386 shares (Direct);
2022 MSU Award — 0 shares (Direct);
2023 MSU Award — 220 shares (Direct);
2024 MSU Award — 910 shares (Direct);
2025 MSU Award — 2,234 shares (Direct);
2023 PU Award — 0 shares (Direct);
Common Stock — 5,056 shares (Direct);
Common Stock (Savings Plan) — 3.649 shares (Indirect, Savings Plan)
Footnotes (1)
- Restricted stock units (RSUs) vest 25% on each of the first, second, third and fourth anniversaries of the grant date. Each RSU represents a contingent right to receive one share of common stock. Performance units (PUs) vest, at the end of fiscal year 2028, provided certain performance objectives are met as determined by the Compensation Committee in February 2029. Each PU represents a contingent right to receive one share of common stock. Shares reflect the vesting of the fourth tranche of MSUs granted in February 2022 at 92% of target based on our absolute total stockholder return in excess of 10% during the 2022-2025 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the third tranche of MSUs granted in March 2023 at 96% of target based on our absolute total stockholder return during the 2023-2025 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the second tranche of MSUs granted in March 2024 at 92% of target based on our absolute total stockholder return during the 2024-2025 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the first tranche of MSUs granted in March 2025 at 94% of target based on our absolute total stockholder return during the 2025 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of PUs granted in March 2023 at 28% of target, based 75% on the cumulative economic value added of RBIS (now Solutions Group) of 0% of target and 25% on our relative total stockholder return of 112% of target.
FAQ
What equity awards did Avery Dennison (AVY) executive Ryan D. Yost receive?
Ryan D. Yost received a 2026 RSU Award for 2,342 restricted stock units and a 2026 PU Award for 3,386 performance units. Each unit represents a contingent right to one Avery Dennison common share, subject to vesting conditions and performance objectives described in the filing footnotes.
How do the new RSU and PU awards for Avery Dennison’s Ryan D. Yost vest?
The RSUs vest 25% on each of the first four anniversaries of the grant date. Performance units vest at the end of fiscal 2028, if stated performance objectives are met and confirmed by the Compensation Committee in February 2029, with each vested unit delivering one common share.
What do the Form 4 transactions show about Ryan D. Yost’s Avery Dennison common stock holdings?
After the reported exercises, vesting events, and tax-withholding dispositions, Ryan D. Yost directly held 6,164 shares of Avery Dennison common stock. He also indirectly held 3.6486 additional shares through a savings plan, reflecting a small plan-based ownership position alongside his direct holdings.
What performance outcomes affected the vesting of Avery Dennison MSU and PU awards?
Footnotes state various market stock unit tranches vested at 92%–96% of target based on absolute total stockholder return over specified periods. Performance units granted in March 2023 vested at 28% of target, driven by economic value added and relative total stockholder return components described in the disclosure.