Form 4: Avery Dennison Director Alford Reports Stock Transactions

Director Bradley A. Alford of Avery Dennison Corp reports the vesting of restricted stock units and acquisition of additional units.

Summary

• On May 1, 2024, Bradley A. Alford, a director of Avery Dennison Corp, had restricted stock units (RSUs) vest and acquired additional RSUs.
• 971 shares of common stock were acquired upon the vesting of 2023 Director RSU Award at a price of $219.16.
• 844 RSUs were acquired under the 2024 Director RSU Award, vesting on May 1, 2025.
• Following the reported transactions, Alford directly owns 25,146.803 shares of common stock.
• Alford also holds 844 derivative securities and 22,746.2343 Common Stock Units DDECP.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider transactions, neither particularly positive nor negative.

Future Outlook

The 2024 Director RSU Award will cliff-vest on May 1, 2025, representing a contingent right to receive one share of common stock per RSU.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like directors, buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director stock ownership.
• The transactions themselves are unlikely to have a significant impact on stakeholders.

Key Dates