0001127602-24-008468.txt : 20240305
0001127602-24-008468.hdr.sgml : 20240305
20240305151204
ACCESSION NUMBER: 0001127602-24-008468
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: Yost Ryan D
CENTRAL INDEX KEY: 0002012362
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07685
FILM NUMBER: 24719872
MAIL ADDRESS:
STREET 1: 8080 NORTON PARKWAY
CITY: MENTOR
STATE: OH
ZIP: 44060
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
0002012362
Yost Ryan D
8080 NORTON PARKWAY
MENTOR
OH
44060
1
President, Materials Group
0
Common Stock
2024-03-01
4
M
0
303
216.45
A
2436
D
Common Stock
2024-03-01
4
F
0
109
216.45
D
2327
D
Common Stock
2024-03-01
4
M
0
143
216.45
A
2470
D
Common Stock
2024-03-01
4
F
0
51
216.45
D
2419
D
Common Stock
2024-03-01
4
M
0
164
216.45
A
2583
D
Common Stock
2024-03-01
4
F
0
49
216.45
D
2534
D
Common Stock
2024-03-01
4
M
0
218
216.45
A
2752
D
Common Stock
2024-03-01
4
F
0
67
216.45
D
2685
D
Common Stock
2024-03-01
4
M
0
567
216.45
A
3252
D
Common Stock
2024-03-01
4
F
0
174
216.45
D
3078
D
Common Stock
2024-03-01
4
M
0
1674
216.45
A
4752
D
Common Stock
2024-03-01
4
F
0
509
216.45
D
4243
D
Common Stock (Savings Plan)
3.5117
I
Savings Plan
2024 MSU Award
0
2024-03-01
4
A
0
1819
0
A
2025-03-01
2028-03-01
Common Stock
1819
1819
D
2024 PU Award
0
2024-03-01
4
A
0
2207
0
A
2027-03-01
2027-03-01
Common Stock
2207
2207
D
2024 Special PU Award
0
2024-03-01
4
A
0
1318
0
A
2027-03-01
2027-03-01
Common Stock
1318
1318
D
2024 Special RSU
0
2024-03-01
4
A
0
3234
0
A
2027-03-01
2027-03-01
Common Stock
3234
3234
D
2020 MSU Award
0
2024-03-01
4
M
0
303
0
D
2021-03-01
2024-03-01
Common Stock
303
0
D
2021 MSU Award
0
2024-03-01
4
M
0
143
0
D
2022-03-01
2025-03-01
Common Stock
143
102
D
2022 MSU Award
0
2024-03-01
4
M
0
164
0
D
2023-03-01
2026-03-01
Common Stock
164
339
D
2023 MSU Award
0
2024-03-01
4
M
0
218
0
D
2024-03-01
2027-03-01
Common Stock
218
659
D
2021 PU Award
0
2024-03-01
4
M
0
567
0
D
2024-03-01
2024-03-01
Common Stock
567
0
D
2021 RSU Award
0
2024-03-01
4
M
0
1674
0
D
2024-03-01
2024-03-01
Common Stock
1674
0
D
Market-leveraged stock units (MSUs) vest 25% over one-, two-, three- and four-year performance periods, with the number of shares paid on each vesting date based on our absolute total stockholder return. Each MSU represents a contingent right to receive one share of common stock, plus dividend equivalents accrued during the vesting period.
Performance units (PUs) vest, at the end of fiscal year 2026, provided certain performance objectives are met as determined by the Compensation Committee in February 2027. Each PU represents a contingent right to receive one share of common stock.
Restricted stock units (RSUs) cliff vest on the third anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock.
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 123% of target, based 75% on the cumulative economic value added of RBIS (now Solutions Group) and 25% on our relative total stockholder return.
Shares reflect the vesting of the RSUs granted on March 1, 2021.
/s/ Vikas Arora, attorney-in-fact for Ryan D Yost
2024-03-05