0001127602-24-008700.txt : 20240305 0001127602-24-008700.hdr.sgml : 20240305 20240305183511 ACCESSION NUMBER: 0001127602-24-008700 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240301 FILED AS OF DATE: 20240305 DATE AS OF CHANGE: 20240305 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Butier Mitchell R CENTRAL INDEX KEY: 0001392133 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07685 FILM NUMBER: 24723218 MAIL ADDRESS: STREET 1: 150 N. ORANGE GROVE BLVD. CITY: PASADENA STATE: CA ZIP: 91103 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Avery Dennison Corp CENTRAL INDEX KEY: 0000008818 STANDARD INDUSTRIAL CLASSIFICATION: CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 951492269 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 BUSINESS ADDRESS: STREET 1: 8080 NORTON PARKWAY CITY: MENTOR STATE: OH ZIP: 44060 BUSINESS PHONE: 440-534-6000 MAIL ADDRESS: STREET 1: 8080 NORTON PARKWAY CITY: MENTOR STATE: OH ZIP: 44060 FORMER COMPANY: FORMER CONFORMED NAME: AVERY DENNISON CORPORATION DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AVERY INTERNATIONAL CORP DATE OF NAME CHANGE: 19901030 FORMER COMPANY: FORMER CONFORMED NAME: AVERY PRODUCTS CORP DATE OF NAME CHANGE: 19760518 4 1 form4.xml PRIMARY DOCUMENT X0508 4 2024-03-01 0000008818 Avery Dennison Corp AVY 0001392133 Butier Mitchell R 8080 NORTON PARKWAY MENTOR OH 44060 1 1 Executive Chairman 0 Common Stock (Savings Plan) 4148.301 I Savings Plan Common Stock 2024-03-01 4 M 0 10482 216.45 A 314596 D Common Stock 2024-03-01 4 F 0 6011 216.45 D 308585 D Common Stock 2024-03-01 4 M 0 5702 216.45 A 314287 D Common Stock 2024-03-01 4 F 0 3271 216.45 D 311016 D Common Stock 2024-03-01 4 M 0 6022 216.45 A 317038 D Common Stock 2024-03-01 4 F 0 3454 216.45 D 313584 D Common Stock 2024-03-01 4 M 0 5440 216.45 A 319024 D Common Stock 2024-03-01 4 F 0 3120 216.45 D 315904 D Common Stock 2024-03-01 4 M 0 32243 216.45 A 348147 D Common Stock 2024-03-01 4 F 0 18492 216.45 D 329655 D Common Stock 2024-03-04 4 S 0 547 218.7219 D 329108 D Common Stock 2024-03-04 4 S 0 7621 217.259 D 321487 D Common Stock 2024-03-05 4 S 0 7333 215.6874 D 314154 D Common Stock 2024-03-05 4 S 0 9240 217.1294 D 304914 D Common Stock 2024-03-05 4 S 0 800 217.6319 D 304114 D 2020 MSU Award 0 2024-03-01 4 M 0 10482 0 D 2021-02-27 2024-03-01 Common Stock 10482 0 D 2021 MSU Award 0 2024-03-01 4 M 0 5702 0 D 2022-03-01 2025-03-01 Common Stock 5702 4061 D 2022 MSU Award 0 2024-03-01 4 M 0 6022 0 D 2023-03-01 2026-03-01 Common Stock 6022 12377 D 2023 MSU Award 0 2024-03-01 4 M 0 5440 0 D 2024-03-01 2027-03-01 Common Stock 5440 16362 D 2021 PU Award 0 2024-03-01 4 M 0 32243 0 D 2024-03-01 2024-03-01 Common Stock 32243 0 D 2024 RSU Award 0 2024-03-01 4 A 0 23101 0 A 2025-03-01 2025-03-01 Common Stock 23101 23101 D Transaction executed in multiple trades at prices ranging from $218.500 - 219.040. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Transaction executed in multiple trades at prices ranging from $217.000 - 217.860. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Transaction executed in multiple trades at prices ranging from $215.500 - 216.445. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Transaction executed in multiple trades at prices ranging from $216.530 - 217.500. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Transaction executed in multiple trades at prices ranging from $217.555 - 217.670. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Shares reflect the vesting of the fourth tranche of MSUs granted in February 2020 at 180% of target based on our absolute total stockholder return in excess of 10% during the 2020-2023 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the third tranche of MSUs granted in March 2021 at 134% of target based on our absolute total stockholder return in excess of 10% during the 2021-2023 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the second tranche of MSUs granted in March 2022 at 94% of target based on our absolute total stockholder return during the 2022-2023 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the first tranche of MSUs granted in March 2023 at 98% of target based on our absolute total stockholder return during the 2023 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of PUs granted in March 2021 at 183% of target, based 50% on our cumulative economic value added and 50% on our relative total stockholder return. 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 Mitchell R Butier 2024-03-05