How do the reported RSUs affect Avery Dennison (AVY) share count for Ward H. Dickson?

1,087 RSUs converted into common shares, increasing his direct holdings to 1,840 shares. An additional 1,128 RSUs were granted and remain as derivative equity that can convert into common stock after vesting.

Avery Dennison (NYSE: AVY) director converts RSUs into shares and receives 2026 award

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Director Ward H. Dickson of Avery Dennison Corp acquired 1,087 shares of common stock on May 1, 2026 by exercising a 2025 director restricted stock unit (RSU) award at an indicated value of $164.01 per share. After this exercise, he directly owns 1,840 common shares. On the same date, he received a new 2026 director RSU award covering 1,128 RSUs, which are scheduled to cliff-vest on the first anniversary of the grant date, each RSU convertible into one share of common stock.

Insider Trade Summary

1,087 shares exercised/converted

Mixed 3 txns

Insider Dickson Ward H.

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

Holdings After Transaction: 2026 Director RSU Award — 1,128 shares (Direct, null); 2025 Director RSU Award — 0 shares (Direct, null); Common Stock — 1,840 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs exercised: 1,087 units Implied exercise value: $164.01 per share Shares held after transactions: 1,840 shares +2 more

5 metrics

RSUs exercised 1,087 units 2025 director RSU award converted to common stock on May 1, 2026

Implied exercise value $164.01 per share Value per share for 1,087 common shares received on exercise

Shares held after transactions 1,840 shares Common stock directly held by Ward H. Dickson after May 1, 2026 activity

New 2026 RSU grant 1,128 units 2026 director RSU award, each unit for one common share

RSU vesting schedule Cliff-vest after 1 year RSUs vest on the first anniversary of the grant date

Key Terms

Restricted stock units (RSUs), cliff-vest, contingent right, grant, award, or other acquisition, +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."

contingent right financial

"Each RSU represents a contingent right to receive one share of common stock."

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 05:35 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^*

Dickson Ward H.

(Last)

(First)

(Middle)

8080 NORTON PKWY

(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	1,840	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 Ward Dickson	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) report for Ward H. Dickson?

Ward H. Dickson exercised 1,087 restricted stock units into common shares and received a new 1,128-unit RSU grant. These actions reflect routine director equity compensation rather than open-market buying or selling activity.

How many Avery Dennison (AVY) shares does Ward H. Dickson hold after this Form 4?

After the reported transactions, Ward H. Dickson directly holds 1,840 shares of Avery Dennison common stock. This figure reflects his position following the RSU conversion on May 1, 2026, as disclosed in the filing.

What happened to the 2025 director RSU award at Avery Dennison (AVY)?

The 2025 director RSU award of 1,087 units was fully exercised into 1,087 common shares on May 1, 2026. Following this conversion, the derivative position from that specific RSU grant dropped to zero in the report.

What are the terms of the 2026 director RSU award at Avery Dennison (AVY)?

The 2026 director RSU award grants 1,128 restricted stock units at a stated price of $0.00. The RSUs cliff-vest on the first anniversary of the grant date, with each RSU representing a contingent right to one common share.

Did Ward H. Dickson buy or sell Avery Dennison (AVY) stock on the market?

The filing shows derivative exercises and an RSU grant, not open-market purchases or sales. Transactions used codes M and A, indicating compensation-related equity movements rather than discretionary trading in Avery Dennison shares.