Avery Dennison (AVY) HR chief reports new RSU and PU grants, award vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avery Dennison senior vice president and chief HR officer Deena Baker-Nel reported multiple equity award transactions in company stock. On March 1, 2026, she exercised or converted several performance-based and market-based stock unit awards into common shares, and some of those shares were withheld to cover tax obligations.
The filing shows new grants of 2,119 restricted stock units and 3,063 performance units, which vest over future years if service and performance goals are met. Following these transactions, she directly held 7,125 common shares and indirectly held 1,721.9768 shares through a savings plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,565 shares exercised/converted
Mixed
18 txns
Insider
Baker-Nel Deena
Role
SVP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 RSU Award | 2,119 | $0.00 | -- |
| Grant/Award | 2026 PU Award | 3,063 | $0.00 | -- |
| Exercise | 2022 MSU Award | 432 | $0.00 | -- |
| Exercise | 2023 MSU Award | 361 | $0.00 | -- |
| Exercise | 2024 MSU Award | 315 | $0.00 | -- |
| Exercise | 2025 MSU Award | 646 | $0.00 | -- |
| Exercise | 2023 PU Award | 811 | $0.00 | -- |
| Exercise | Common Stock | 432 | $194.78 | $84K |
| Tax Withholding | Common Stock | 150 | $194.78 | $29K |
| Exercise | Common Stock | 361 | $194.78 | $70K |
| Tax Withholding | Common Stock | 108 | $194.78 | $21K |
| Exercise | Common Stock | 315 | $194.78 | $61K |
| Tax Withholding | Common Stock | 94 | $194.78 | $18K |
| Exercise | Common Stock | 646 | $194.78 | $126K |
| Tax Withholding | Common Stock | 193 | $194.78 | $38K |
| Exercise | Common Stock | 811 | $194.78 | $158K |
| Tax Withholding | Common Stock | 242 | $194.78 | $47K |
| holding | Common Stock (Savings Plan) | -- | -- | -- |
Holdings After Transaction:
2026 RSU Award — 2,119 shares (Direct);
2026 PU Award — 3,063 shares (Direct);
2022 MSU Award — 0 shares (Direct);
2023 MSU Award — 357 shares (Direct);
2024 MSU Award — 661 shares (Direct);
2025 MSU Award — 2,021 shares (Direct);
2023 PU Award — 0 shares (Direct);
Common Stock — 5,779 shares (Direct);
Common Stock (Savings Plan) — 1,721.977 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 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 insider transactions did Avery Dennison (AVY) report for Deena Baker-Nel?
Deena Baker-Nel reported exercises of multiple stock unit awards into Avery Dennison common shares and related share withholdings for taxes. She also received new RSU and performance unit grants that vest over future years based on service and performance conditions.
What equity awards were granted to Deena Baker-Nel by Avery Dennison (AVY)?
She received a 2026 RSU Award covering 2,119 restricted stock units and a 2026 PU Award covering 3,063 performance units. The RSUs vest in four annual installments, while the performance units vest after fiscal 2028 if specified objectives are met.
How do the new Avery Dennison RSUs for Deena Baker-Nel vest over time?
The restricted stock units granted to Deena Baker-Nel vest 25% on each of the first, second, third, and fourth anniversaries of the grant date. Each vested RSU converts into one share of Avery Dennison common stock upon settlement.
What performance conditions apply to Avery Dennison’s 2026 performance units for Deena Baker-Nel?
The 2026 performance units vest at the end of fiscal 2028 only if specified performance objectives are achieved and confirmed in February 2029. Each vested performance unit entitles Deena Baker-Nel to receive one share of Avery Dennison common stock.