CFO of Avery Dennison (NYSE: AVY) receives 2026 awards and more shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avery Dennison SVP and CFO Gregory Lovins reported multiple equity-related transactions dated March 1, 2026. He received a grant of 4,329 restricted stock units under a 2026 RSU award and 6,259 performance units under a 2026 PU award, both at a stated price of $0.00 per unit.
Several prior awards of market share units, performance units and RSUs vested and were exercised into common stock, while shares were withheld to cover tax obligations through transactions coded “F” at a price of $194.78 per share. Following these conversions and tax-withholding dispositions, Lovins directly held 81,685 shares of Avery Dennison common stock and indirectly held 2,243.4669 shares through a savings plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,533 shares exercised/converted
Mixed
21 txns
Insider
Lovins Gregory
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 RSU Award | 4,329 | $0.00 | -- |
| Grant/Award | 2026 PU Award | 6,259 | $0.00 | -- |
| Exercise | 2022 MSU Award | 1,436 | $0.00 | -- |
| Exercise | 2023 MSU Award | 1,152 | $0.00 | -- |
| Exercise | 2024 MSU Award | 861 | $0.00 | -- |
| Exercise | 2025 MSU Award | 1,270 | $0.00 | -- |
| Exercise | 2023 PU Award | 2,584 | $0.00 | -- |
| Exercise | 2023 RSU Award | 8,230 | $0.00 | -- |
| Exercise | Common Stock | 1,436 | $194.78 | $280K |
| Tax Withholding | Common Stock | 415 | $194.78 | $81K |
| Exercise | Common Stock | 1,152 | $194.78 | $224K |
| Tax Withholding | Common Stock | 327 | $194.78 | $64K |
| Exercise | Common Stock | 861 | $194.78 | $168K |
| Tax Withholding | Common Stock | 245 | $194.78 | $48K |
| Exercise | Common Stock | 1,270 | $194.78 | $247K |
| Tax Withholding | Common Stock | 361 | $194.78 | $70K |
| Exercise | Common Stock | 2,584 | $194.78 | $503K |
| Tax Withholding | Common Stock | 1,067 | $194.78 | $208K |
| Exercise | Common Stock | 8,230 | $194.78 | $1.60M |
| Tax Withholding | Common Stock | 3,568 | $194.78 | $695K |
| holding | Common Stock (Savings Plan) | -- | -- | -- |
Holdings After Transaction:
2026 RSU Award — 4,329 shares (Direct);
2026 PU Award — 6,259 shares (Direct);
2022 MSU Award — 0 shares (Direct);
2023 MSU Award — 1,136 shares (Direct);
2024 MSU Award — 1,805 shares (Direct);
2025 MSU Award — 3,971 shares (Direct);
2023 PU Award — 0 shares (Direct);
2023 RSU Award — 0 shares (Direct);
Common Stock — 73,571 shares (Direct);
Common Stock (Savings Plan) — 2,243.467 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. Shares reflect the vesting of RSUs granted on March 1, 2023 which cliff-vest on the third anniversary of the grant date.
FAQ
What equity awards did Avery Dennison (AVY) CFO Gregory Lovins receive in this Form 4?
Gregory Lovins received a 2026 restricted stock unit award of 4,329 RSUs and a 2026 performance unit award of 6,259 PUs, each with a stated grant price of $0.00 per unit, reflecting stock-based compensation rather than open-market purchases.
What types of derivative awards vested for Avery Dennison (AVY) CFO Gregory Lovins?
Multiple tranches of market share units, performance units, and restricted stock units vested for Gregory Lovins. Footnotes explain vesting percentages tied to absolute or relative total shareholder return and economic value added over specified performance periods, plus accrued dividend equivalents.
Were any of the Avery Dennison (AVY) CFO’s transactions open-market stock purchases or sales?
No open-market buys or sells are shown. Acquisitions are coded “A” and “M” for equity grants and derivative exercises, while dispositions are coded “F,” indicating shares were withheld or delivered solely to cover exercise price or tax liabilities at $194.78 per share.
What does the tax-withholding disposition code “F” mean in the Avery Dennison (AVY) Form 4?
Code “F” indicates shares were disposed of to pay the exercise price or satisfy tax liabilities. For Gregory Lovins, several common stock transactions at $194.78 per share reflect this tax-withholding mechanism, rather than discretionary open-market sales for portfolio rebalancing.