Form 4: Avery Dennison Director Patrick Siewert Reports Stock Transactions

Director Patrick Siewert reports stock transactions involving Avery Dennison Corp shares, including the vesting of restricted stock units and subsequent disposal of shares to cover tax obligations.

Summary

• On May 1, 2024, Patrick Siewert, a director of Avery Dennison Corp, engaged in transactions involving the company's common stock.
• Siewert vested 971 shares from a 2023 Director RSU Award.
• Following the vesting, Siewert disposed of 292 shares to satisfy tax obligations at a price of $219.16 per share.
• After these transactions, Siewert directly owns 17,934 shares of Avery Dennison Corp.
• Siewert also acquired 844 shares from a 2024 Director RSU Award, which cliff-vest on May 1, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by a company director.

Future Outlook

The 2024 Director RSU Award will vest on May 1, 2025, representing a contingent right to receive 844 shares of common stock.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common practice among publicly traded companies to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and do not significantly alter the ownership structure of the company.

Key Dates