Avery Dennison SVP gets 2026 stock awards, units vest
Avery Dennison Corp senior vice president and chief legal officer Walker Ignacio J reported multiple equity compensation transactions.
Rhea-AI Filing Summary
Avery Dennison Corp senior vice president and chief legal officer Walker Ignacio J reported multiple equity compensation transactions. On March 1, 2026, he received grants of 1,857 restricted stock units, 2,684 performance units, and a special grant of 1,797 RSUs that vest over future years based on time and performance conditions.
On the same date, several tranches of previously granted market- and performance-based stock units vested and were converted into common shares, with associated shares withheld to cover taxes. After these transactions, he directly held 9,327 shares of Avery Dennison common stock, plus additional shares held indirectly through a savings plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,330 shares exercised/converted
Exercise
19 txns
Insider
Walker Ignacio J
Role
SVP and Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 RSU Award | 1,857 | $0.00 | $0.00 |
| Grant/Award | 2026 PU Award | 2,684 | $0.00 | $0.00 |
| Grant/Award | 2026 Special RSU Award | 1,797 | $0.00 | $0.00 |
| Exercise | 2022 MSU Award | 443 | $0.00 | $0.00 |
| Exercise | 2023 MSU Award | 369 | $0.00 | $0.00 |
| Exercise | 2024 MSU Award | 270 | $0.00 | $0.00 |
| Exercise | 2025 MSU Award | 419 | $0.00 | $0.00 |
| Exercise | 2023 PU Award | 829 | $0.00 | $0.00 |
| Exercise | Common Stock | 443 | $194.78 | $86K |
| Exercise Price or Tax Liability | Common Stock | 130 | $194.78 | $25K |
| Exercise | Common Stock | 369 | $194.78 | $72K |
| Exercise Price or Tax Liability | Common Stock | 90 | $194.78 | $18K |
| Exercise | Common Stock | 270 | $194.78 | $53K |
| Exercise Price or Tax Liability | Common Stock | 66 | $194.78 | $13K |
| Exercise | Common Stock | 419 | $194.78 | $82K |
| Exercise Price or Tax Liability | Common Stock | 103 | $194.78 | $20K |
| Exercise | Common Stock | 829 | $194.78 | $161K |
| Exercise Price or Tax Liability | Common Stock | 202 | $194.78 | $39K |
| holding | Common Stock (Savings Plan) | -- | -- | -- |
Holdings After Transaction:
2026 RSU Award — 1,857 contracts (Direct);
2026 PU Award — 2,684 contracts (Direct);
2026 Special RSU Award — 1,797 contracts (Direct);
2022 MSU Award — 0 contracts (Direct);
2023 MSU Award — 365 contracts (Direct);
2024 MSU Award — 568 contracts (Direct);
2025 MSU Award — 1,309 contracts (Direct);
2023 PU Award — 0 contracts (Direct);
Common Stock — 9,327 shares (Direct);
Common Stock (Savings Plan) — 587.0168 shares (Indirect, Savings Plan)
Footnotes (8)
- F1. 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.
- F2. 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.
- F3. Restricted stock units cliff-vest on the third anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Avery Dennison (AVY) report for Walker Ignacio J?
The filing shows Walker Ignacio J received new restricted and performance stock unit awards and had several prior market and performance stock units vest into common shares, with some shares withheld to cover tax obligations on March 1, 2026.
What new equity awards did Walker Ignacio J receive from Avery Dennison (AVY)?
He received a 2026 restricted stock unit award of 1,857 units, a 2026 performance unit award of 2,684 units, and a 2026 special restricted stock unit award of 1,797 units, all representing contingent rights to receive Avery Dennison common shares subject to vesting conditions.
How and when do the new RSU and PU awards for Avery Dennison’s Walker Ignacio J vest?
The 2026 RSUs vest 25% annually over four years, while the 2026 performance units vest at the end of fiscal 2028 if performance goals are met, with final determination by the compensation committee in February 2029, according to the filing’s footnotes.
What happened to Walker Ignacio J’s prior MSU and PU awards at Avery Dennison (AVY)?
Multiple tranches of market stock units and a 2023 performance unit grant vested at specified percentages of target, based on absolute and relative total shareholder return and economic value added performance measures, and were converted into common shares plus dividend equivalents accrued during the performance periods.
AI-generated analysis. How Rhea-AI works. Not financial advice.
