Form 4: Avery Dennison Director Ken C. Hicks Reports Stock Transactions
SEC Form 4 Filing
Director Ken C. Hicks of Avery Dennison Corp reports acquisition and disposal of common stock and restricted stock units on May 1, 2024.
Summary
- On May 1, 2024, Ken C. Hicks, a director of Avery Dennison Corp, engaged in transactions involving the company's stock.
- Hicks acquired 971 shares of common stock through the vesting of a 2023 Director RSU Award at a price of $219.16.
- He also acquired 844 restricted stock units (RSUs) under the 2024 Director RSU Award, which cliff-vest on May 1, 2025.
- Following these transactions, Hicks directly owns 30,903 shares of Avery Dennison common stock and 844 RSUs.
- Hicks also indirectly owns 15,387.5811 Common Stock Units DDECP.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Future Outlook
The 2024 Director RSU Award will vest on May 1, 2025, granting Hicks 844 shares of common stock.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 08/08/1988 | Date related to Common Stock Units DDECP |
| 05/01/2024 | Date of stock transactions and vesting of 2023 Director RSU Award |
| 05/01/2025 | Vesting date for 2024 Director RSU Award |
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