Form 4: Avery Dennison Director Equity Transaction

Director Patrick Siewert exercised restricted stock units and received a new RSU grant in a routine equity transaction.

Summary

• Director Patrick Siewert exercised 1,087 restricted stock units (RSUs) on May 1, 2026.
• The transaction involved the acquisition of 1,087 shares of common stock at a price of $164.01 per share.
• 327 shares were withheld by the company to cover tax obligations, resulting in a net increase in direct holdings.
• The director was granted 1,128 new RSUs, which are scheduled to cliff-vest on May 1, 2027.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director equity compensation with no impact on company operations.

Positives

• Director maintains a significant direct ownership stake of 19,284 shares.
• Equity-based compensation aligns director interests with long-term shareholder value.

Negatives

• None identified; this is a standard compensatory equity transaction.

Risks

• None identified; this is a standard compensatory equity transaction.

Future Outlook

The filing does not provide forward-looking business guidance, as it is a disclosure of director equity transactions.

Industry Context

StockSavvy.ai notes that this filing represents standard corporate governance and director compensation practices within the materials and packaging industry, reflecting typical equity retention programs for board members.

Comparison to Industry Standards

• The use of cliff-vesting RSUs for directors is consistent with standard compensation practices at large-cap industrial companies like Avery Dennison.
• Tax withholding upon RSU vesting is a standard administrative procedure for equity-based compensation.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensatory transaction.

Next Steps

• Vesting of 1,128 RSUs on May 1, 2027.

Key Dates

Keywords

Avery Dennison, AVY, Form 4, Insider Trading, Director Compensation, Restricted Stock Units