Form 4: Avery Dennison Director Equity Transaction

Director Francesca Reverberi exercised vested restricted stock units and received a new RSU grant for Avery Dennison common stock.

Summary

• Director Francesca Reverberi exercised 1,087 restricted stock units (RSUs) on May 1, 2026.
• 327 shares were withheld to cover tax obligations related to the vesting.
• The director received a new grant of 1,128 RSUs, which are scheduled to cliff-vest on May 1, 2027.
• Following these transactions, the director holds 2,137 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard director equity compensation.

Positives

• Director maintains a direct equity stake of 2,137 shares, aligning interests with shareholders.
• The transaction reflects standard equity compensation vesting and replenishment cycles for board members.

Negatives

• None identified; this is a routine administrative filing regarding director compensation.

Risks

• None identified; this filing pertains to standard equity compensation.

Future Outlook

The director received 1,128 RSUs that will cliff-vest on May 1, 2027, subject to continued service.

Industry Context

StockSavvy.ai notes that this filing represents standard corporate governance and director compensation practices within the materials and packaging industry, showing no deviation from typical executive equity management.

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 via share reduction is a standard industry practice for equity-based compensation.

Stakeholder Impact

• Minimal impact; reflects routine director compensation.

Next Steps

• The new RSU grant will vest on May 1, 2027.

Key Dates

Keywords

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