[Form 4] Avery Dennison Corp Insider Trading Activity
Rhea-AI Filing Summary
Avery Dennison President & CEO Deon Stander reported multiple equity-compensation transactions in company stock and stock units. On March 1, 2026, he received a grant of 16,622 restricted stock units (RSUs) that vest in four equal annual installments and 24,033 performance units (PUs) that vest at the end of fiscal 2028 if specified performance goals are met.
Several earlier multi-year stock unit (MSU) and performance unit awards vested at percentages of target ranging from 56% to 96%, based on absolute and relative total stockholder return and economic value added. These units were settled into common stock at $194.78 per share, with a portion of shares withheld to cover tax obligations. After these transactions, Stander directly owns 73,351 shares of Avery Dennison common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 RSU Award | 16,622 | $0.00 | -- |
| Grant/Award | 2026 PU Award | 24,033 | $0.00 | -- |
| Exercise | 2022 MSU Award | 1,824 | $0.00 | -- |
| Exercise | 2023 MSU Award | 1,382 | $0.00 | -- |
| Exercise | 2024 MSU Award | 3,033 | $0.00 | -- |
| Exercise | 2025 MSU Award | 4,854 | $0.00 | -- |
| Exercise | 2023 PU Award | 3,100 | $0.00 | -- |
| Exercise | Common Stock | 1,824 | $194.78 | $355K |
| Tax Withholding | Common Stock | 544 | $194.78 | $106K |
| Exercise | Common Stock | 1,382 | $194.78 | $269K |
| Tax Withholding | Common Stock | 412 | $194.78 | $80K |
| Exercise | Common Stock | 3,033 | $194.78 | $591K |
| Tax Withholding | Common Stock | 1,146 | $194.78 | $223K |
| Exercise | Common Stock | 4,854 | $194.78 | $945K |
| Tax Withholding | Common Stock | 2,370 | $194.78 | $462K |
| Exercise | Common Stock | 3,100 | $194.78 | $604K |
| Tax Withholding | Common Stock | 1,514 | $194.78 | $295K |
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 56% of target, based 50% on our cumulative economic value added of 0% of target and 50% on our relative total stockholder return of 112% of target.
FAQ
What equity awards did Avery Dennison (AVY) CEO Deon Stander receive on March 1, 2026?
On March 1, 2026, Deon Stander received 16,622 restricted stock units and 24,033 performance units. The RSUs vest in four equal annual installments, while the PUs vest after fiscal 2028 if the company meets specified performance objectives.
How do the new RSU grants to Avery Dennison (AVY) CEO vest over time?
The RSU grant of 16,622 units vests 25% each year on the first, second, third, and fourth anniversaries of the grant date. Each vested RSU converts into one share of Avery Dennison common stock for the CEO.
What performance conditions apply to the 24,033 performance units granted by Avery Dennison (AVY)?
The 24,033 performance units vest at the end of fiscal 2028 if performance goals are achieved, as determined by the Compensation Committee in February 2029. Each vested performance unit delivers one share of Avery Dennison common stock.
What does the Form 4 show about vesting of earlier Avery Dennison (AVY) MSU awards?
Earlier multi-year stock unit tranches vested between 92% and 96% of target, based on absolute total stockholder return and dividend equivalents. These vested MSUs were converted into Avery Dennison common shares for Deon Stander.
How were Avery Dennison (AVY) performance units from 2023 ultimately earned by the CEO?
The 2023 performance units vested at 56% of target. This was based 50% on cumulative economic value added at 0% of target and 50% on relative total stockholder return at 112% of target, determining the final share payout.