0001127602-23-008684.txt : 20230303 0001127602-23-008684.hdr.sgml : 20230303 20230303161651 ACCESSION NUMBER: 0001127602-23-008684 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230301 FILED AS OF DATE: 20230303 DATE AS OF CHANGE: 20230303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Baker-Nel Deena CENTRAL INDEX KEY: 0001823548 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07685 FILM NUMBER: 23704199 MAIL ADDRESS: STREET 1: 207 GOODE AVE CITY: GLENDALE STATE: CA ZIP: 91203 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Avery Dennison Corp CENTRAL INDEX KEY: 0000008818 STANDARD INDUSTRIAL CLASSIFICATION: CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670] IRS NUMBER: 951492269 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 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 X0306 4 2023-03-01 0000008818 Avery Dennison Corp AVY 0001823548 Baker-Nel Deena 8080 NORTON PARKWAY MENTOR OH 44060 1 SVP & Chief HR Officer Common Stock 2023-03-01 4 M 0 2864 182.27 A 6979 D Common Stock 2023-03-01 4 F 0 1421 182.27 D 5558 D Common Stock 2023-03-01 4 M 0 711 182.27 A 6269 D Common Stock 2023-03-01 4 F 0 391 182.27 D 5878 D Common Stock 2023-03-01 4 M 0 706 182.27 A 6584 D Common Stock 2023-03-01 4 F 0 388 182.27 D 6196 D Common Stock 2023-03-01 4 M 0 345 182.27 A 6541 D Common Stock 2023-03-01 4 F 0 115 182.27 D 6426 D Common Stock 2023-03-01 4 M 0 401 182.27 A 6827 D Common Stock 2023-03-01 4 F 0 129 182.27 D 6698 D Common Stock (Savings Plan) 1307.6796 I Savings Plan 2023 MSU Award 0 2023-03-01 4 A 0 1426 0 A 2024-03-01 2027-03-01 Common Stock 1426 1426 D 2023 PU Award 0 2023-03-01 4 A 0 1471 0 A 2026-03-01 2026-03-01 Common Stock 1471 1471 D 2023 Special RSU Award 0 2023-03-01 4 A 0 3292 0 A 2025-04-01 2025-04-01 Common Stock 3292 3292 D 2020 PU Award 0 2023-03-01 4 M 0 2864 0 D 2023-02-27 2023-03-01 Common Stock 2864 0 D 2019 MSU Award 0 2023-03-01 4 M 0 711 0 D 2020-02-28 2023-03-01 Common Stock 711 0 D 2020 MSU Award 0 2023-03-01 4 M 0 706 0 D 2021-02-27 2024-03-01 Common Stock 706 410 D 2021 MSU Award 0 2023-03-01 4 M 0 345 0 D 2022-03-01 2025-03-01 Common Stock 345 556 D 2022 MSU Award 0 2023-03-01 4 M 0 401 0 D 2023-03-01 2026-03-01 Common Stock 401 1320 D Shares reflect the vesting of performance units granted in February 2020 at 200% of target, 50% based on our cumulative economic value added and 50% on our relative total stockholder return. Shares reflect the vesting of the fourth tranche of market-leveraged stock units granted in February 2019 at 200% of target based on our absolute total stockholder return in excess of 10% during the 2019-2022 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the third tranche of market-leveraged stock units granted in February 2020 at 164% of target based on our absolute total stockholder return in excess of 10% during the 2020-2022 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the second tranche of market-leveraged stock units granted in February 2021 at 121% of target based on our absolute total stockholder return in excess of 10% during the 2021-2022 performance period, plus dividend equivalents accrued during the period. Shares reflect the vesting of the first tranche of market-leveraged stock units granted in February 2022 at 90% of target based on our absolute total stockholder return in excess of 10% during the 2022 performance period, plus dividend equivalents accrued during the period. Market-leveraged stock units vest 25% over one-, two-, three- and four-year performance periods, with the number of shares paid on each vesting date based on the percentage change in the Company's stock price, plus dividend equivalents accrued during the vesting period. Each market-leveraged stock unit represents a contingent right to receive one share of common stock, plus accrued dividend equivalents. Performance units vest, if at all, at the end of fiscal year 2025, provided certain performance objectives are met as determined by the Compensation Committee in February 2026. Each performance unit represents a contingent right to receive one share of common stock The restricted stock units cliff-vest on April 1, 2025. Each restricted stock unit represents a contingent right to receive one share of common stock. /s/ Vikas Arora POA for Deena Baker-Nel 2023-03-03