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 tax withholding.

Summary

• On May 1, 2025, Director Patrick Siewert engaged in transactions involving Avery Dennison Corp (AVY) common stock.
• Siewert vested 844 shares from a 2024 Director RSU Award at a price of $170.14.
• 254 shares were disposed of to cover tax obligations related to the vesting of the restricted stock units, also at $170.14.
• Siewert also acquired 1,087 shares through a 2025 Director RSU Award, which will cliff-vest on May 1, 2026.
• Following these transactions, Siewert directly owns 18,524 shares of Avery Dennison common stock and 1,087 derivative securities from the 2025 Director RSU Award.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports routine stock transactions by a company director. There is no indication of positive or negative sentiment towards the company's prospects.

Positives

• The acquisition of 1,087 shares through the 2025 Director RSU Award indicates continued alignment of the director's interests with the company's performance.

Future Outlook

The 2025 Director RSU Award will vest on May 1, 2026, representing a future increase in Siewert's holdings if the conditions for vesting are met.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Director RSU awards are a common form of executive compensation across publicly traded companies, aligning management interests with shareholder value.
• The vesting schedules and terms of these awards are generally benchmarked against peer companies to ensure competitiveness and retention.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.

Key Dates

Keywords

Avery Dennison, AVY, Patrick Siewert, Director, Stock Transactions, RSU, Restricted Stock Units, Beneficial Ownership, Form 4