STOCK TITAN

Avery Dennison Corp (NYSE: AVY) director receives 765 common shares

(Moderate)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Avery Dennison Corp director David E Flitman exercised 765 New Director RSUs into 765 shares of common stock on 2026-07-23. The RSUs were canceled upon conversion, and the common shares, reported at $156.11 per share, are held directly. He also holds 354.9064 deferred stock units under the DDECP, each tied to Avery Dennison common stock.

Positive

  • None.

Negative

  • None.
Insider Flitman David E
Role Director
Type Security Shares Price Value
Exercise New Director RSUs 765 $0.00 $0.00
Exercise Common Stock 765 $156.11 $119K
holding Deferred Stock Units - DDECP -- -- --
Holdings After Transaction: New Director RSUs — 0 shares (Direct); Common Stock — 765 shares (Direct); Deferred Stock Units - DDECP — 354.9064 shares (Direct)
RSUs exercised 765 New Director RSUs Exercised and converted into common stock on 2026-07-23
Common shares acquired 765 shares Common stock received by David E Flitman on 2026-07-23
Reported share price $156.11 per share Price reported for the 765 common shares acquired
Deferred stock units held 354.9064 units Deferred Stock Units - DDECP remaining as a derivative position
New Director RSUs financial
"security_title: "New Director RSUs" reported for David E Flitman"
Deferred Stock Units - DDECP financial
"security_title: "Deferred Stock Units - DDECP" with underlying Common Stock"
derivative security financial
"transaction_type: "derivative" for New Director RSUs indicates a derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did Avery Dennison (AVY) disclose for David E Flitman?

Avery Dennison disclosed that director David E Flitman exercised 765 New Director RSUs into 765 shares of common stock on 2026-07-23. The RSUs were canceled and the resulting shares were reported at $156.11 per share and held directly.

How many Avery Dennison (AVY) shares does David E Flitman hold after this Form 4?

After the reported transactions, David E Flitman directly holds 765 shares of Avery Dennison common stock. In addition, he has a derivative position of 354.9064 deferred stock units under the DDECP, each linked to Avery Dennison common stock.

What derivative securities involving Avery Dennison (AVY) are reported for David E Flitman?

The filing reports that David E Flitman previously held 765 New Director RSUs, which were fully converted into common stock, and continues to hold 354.9064 Deferred Stock Units under the DDECP, each representing underlying Avery Dennison common stock.

Was the Avery Dennison (AVY) Form 4 transaction under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmative, meaning these transactions were not reported as being executed under a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement.

What was the reported per-share value for David E Flitman’s Avery Dennison (AVY) stock on exercise?

The common stock received by David E Flitman on exercising 765 New Director RSUs was reported at $156.11 per share. This value applies to all 765 shares acquired in the non-derivative transaction dated 2026-07-23.
SEC Form 4
FORM 4UNITED 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*
Flitman David E

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/23/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/23/2026M765A$156.11765D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
New Director RSUs$007/23/2026M76507/23/202607/23/2026Common Stock765$00D
Deferred Stock Units - DDECP$008/08/199808/08/1998Common Stock354.9064354.9064D
Explanation of Responses:
/s/ Vikas Arora, attorney-in-fact for David E. Flitman07/27/2026
** Signature of Reporting PersonDate
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)