Avery Dennison (AVY) director logs RSU exercise, tax withholding and new 2026 award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Avery Dennison director Patrick Siewert reported routine equity compensation activity in company stock. On May 1, 2026, he exercised 1,087 shares of Common Stock from a 2025 director RSU award and had 327 shares withheld in a tax-withholding disposition.

After these transactions, Siewert directly held 19,611 shares of Common Stock. He also received a new 2026 Director RSU Award for 1,128 RSUs, each representing a contingent right to one share of common stock that will cliff-vest on the first anniversary of the grant date.

Insider Trade Summary

1,087 shares exercised/converted

Mixed 4 txns

Insider Siewert Patrick

Role null

Type	Security	Shares	Price	Value
Grant/Award	2026 Director RSU Award	1,128	$0.00	--
Exercise	2025 Director RSU Award	1,087	$0.00	--
Exercise	Common Stock	1,087	$164.01	$178K
Tax Withholding	Common Stock	327	$164.01	$54K

Holdings After Transaction: 2026 Director RSU Award — 1,128 shares (Direct, null); 2025 Director RSU Award — 0 shares (Direct, null); Common Stock — 19,611 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSU shares exercised: 1,087 shares Shares withheld for taxes: 327 shares Share price used: $164.01 per share +4 more

7 metrics

RSU shares exercised 1,087 shares Common Stock from 2025 Director RSU Award on May 1, 2026

Shares withheld for taxes 327 shares Tax-withholding disposition at $164.01 per share

Share price used $164.01 per share Applied to both RSU exercise and tax-withholding disposition

Shares held after transaction 19,611 shares Direct Common Stock holdings following May 1, 2026 transactions

New 2026 RSU award 1,128 RSUs Director RSU grant on May 1, 2026, $0 conversion price

Tax-withholding code Code F Payment of tax liability by delivering securities

Exercise code Code M Exercise or conversion of derivative security

Key Terms

Restricted stock units (RSUs), cliff-vest, tax-withholding disposition, Exercise or conversion of derivative security, +1 more

5 terms

Restricted stock units (RSUs) financial

"Restricted stock units (RSUs) cliff-vest on the first anniversary of the grant date."

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

cliff-vest financial

"Restricted stock units (RSUs) cliff-vest on the first anniversary of the grant date."

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 05:44 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Siewert Patrick

(Last)

(First)

(Middle)

8080 NORTON PARKWAY

(Street)

MENTOR

OHIO

44060

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Avery Dennison Corp [ AVY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/01/2026		M		1,087	A	$164.01	19,611	D
Common Stock	05/01/2026		F		327	D	$164.01	19,284	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
2026 Director RSU Award	$0	05/01/2026		A		1,128		05/01/2027⁽¹⁾	05/01/2027	Common Stock	1,128	$0	1,128	D
2025 Director RSU Award	$0	05/01/2026		M			1,087	05/01/2026	05/01/2026	Common Stock	1,087	$0	0	D

Explanation of Responses:

1. Restricted stock units (RSUs) cliff-vest on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock.

	/s/ Vikas Arora attorney-in-fact for Patrick Siewert	05/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Avery Dennison (AVY) director Patrick Siewert report?

Patrick Siewert exercised 1,087 shares of Avery Dennison common stock from a 2025 director RSU award. In connection with this, 327 shares were used in a tax-withholding disposition, and he received a new 2026 director RSU grant for 1,128 units.

How many Avery Dennison (AVY) shares does Patrick Siewert hold after this Form 4?

Following the reported transactions, Patrick Siewert directly holds 19,611 shares of Avery Dennison common stock. This total reflects the RSU exercise and related tax-withholding disposition reported on May 1, 2026, and shows his ongoing equity stake as a company director.

What is the nature of the tax-withholding disposition in Avery Dennison (AVY) stock?

The Form 4 shows a tax-withholding disposition of 327 Avery Dennison shares at $164.01 per share. This transaction paid tax obligations related to the RSU exercise, rather than an open-market sale, and is a common mechanism for covering equity award tax liabilities.

What are the key details of Patrick Siewert’s 2026 RSU award at Avery Dennison (AVY)?

Siewert received a 2026 Director RSU Award covering 1,128 restricted stock units with a conversion price of $0. Each RSU represents a contingent right to one share of common stock and will cliff-vest on the first anniversary of the May 1, 2026 grant date.

How do RSUs work in Avery Dennison’s (AVY) director compensation?

The filing describes director restricted stock units that cliff-vest one year after grant. Each RSU represents a contingent right to receive one share of Avery Dennison common stock, aligning director compensation with shareholder interests through time-based equity vesting instead of immediate cash payments.