Form 4: Avery Dennison CFO Gregory Lovins Reports Stock Transactions
SEC Form 4 Filing
Gregory Lovins, SVP and CFO of Avery Dennison Corp, reports the vesting and disposal of stock awards and performance units on March 1, 2025.
Summary
- Gregory Lovins, the SVP and CFO of Avery Dennison Corp, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, Lovins acquired and disposed of common stock related to the vesting of market-leveraged stock units (MSUs) and performance units (PUs).
- The transactions involved the vesting of MSUs granted in 2021, 2022, 2023 and 2024, and PUs granted in 2022.
- Lovins disposed of shares to cover tax obligations associated with the vesting of these awards.
- Following these transactions, Lovins directly owns 72,135 shares of Avery Dennison common stock and indirectly owns 2,196.6761 shares through a savings plan.
- He also holds derivative securities including 5,295 2025 MSU Awards, 5,511 2025 PU Awards, 1,457 2022 MSU Awards, 2,273 2023 MSU Awards and 2,707 2024 MSU Awards.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors to gauge management's sentiment and alignment with shareholder interests.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, bonus, stock options, and restricted stock units.
- The vesting schedules and performance metrics used for Avery Dennison's MSUs and PUs are typical for companies seeking to align executive incentives with long-term shareholder value creation.
- Companies like 3M, Illinois Tool Works, and Stanley Black & Decker also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The vesting of stock awards aligns management's interests with those of shareholders.
- The transactions reported have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of earliest transaction (vesting of MSUs and PUs) |
| 03/04/2025 | Date of Form 4 filing |
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