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