0001127602-23-008702.txt : 20230303 0001127602-23-008702.hdr.sgml : 20230303 20230303162334 ACCESSION NUMBER: 0001127602-23-008702 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: Lovins Gregory CENTRAL INDEX KEY: 0001701552 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07685 FILM NUMBER: 23704411 MAIL ADDRESS: STREET 1: 207 GOODE AVENUE 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 0001701552 Lovins Gregory 8080 NORTON PARKWAY MENTOR OH 44060 1 SVP and CFO Common Stock 2023-03-01 4 M 0 10960 182.27 A 61713 D Common Stock 2023-03-01 4 F 0 4916 182.27 D 56797 D Common Stock 2023-03-01 4 M 0 2958 182.27 A 59755 D Common Stock 2023-03-01 4 F 0 894 182.27 D 58861 D Common Stock 2023-03-01 4 M 0 2705 182.27 A 61566 D Common Stock 2023-03-01 4 F 0 843 182.27 D 60723 D Common Stock 2023-03-01 4 M 0 1113 182.27 A 61836 D Common Stock 2023-03-01 4 F 0 500 182.27 D 61336 D Common Stock 2023-03-01 4 M 0 1334 182.27 A 62670 D Common Stock 2023-03-01 4 F 0 599 182.27 D 62071 D Common Stock (Savings Plan) 2124.1031 I Savings Plan 2023 MSU Award 0 2023-03-01 4 A 0 4545 0 A 2024-03-01 2027-03-01 Common Stock 4545 4545 D 2023 PU Award 0 2023-03-01 4 A 0 4686 0 A 2026-03-01 2026-03-01 Common Stock 4686 4686 D 2023 Special RSU Award 0 2023-03-01 4 A 0 8230 0 A 2026-03-01 2026-03-01 Common Stock 8230 8230 D 2020 PU Award 0 2023-03-01 4 M 0 10960 0 D 2023-02-27 2023-03-01 Common Stock 10960 0 D 2019 MSU Award 0 2023-03-01 4 M 0 2958 0 D 2020-02-28 2023-03-01 Common Stock 2958 0 D 2020 MSU Award 0 2023-03-01 4 M 0 2705 0 D 2021-02-27 2024-03-01 Common Stock 2705 1571 D 2021 MSU Award 0 2023-03-01 4 M 0 1113 0 D 2022-03-01 2025-03-01 Common Stock 1113 1788 D 2022 MSU Award 0 2023-03-01 4 M 0 1334 0 D 2023-03-01 2026-03-01 Common Stock 1334 4372 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 the third anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of common stock. /s/ Vikas Arora POA for Gregory Lovins 2023-03-03