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