Form 4: Avery Dennison Director Ward H. Dickson Awarded Restricted Stock Units

Director Ward H. Dickson receives 1,087 restricted stock units (RSUs) from Avery Dennison Corp.

Summary

• On May 1, 2025, Ward H. Dickson, a director of Avery Dennison Corp, was granted 1,087 restricted stock units (RSUs).
• These RSUs cliff-vest on the first anniversary of the grant date, May 1, 2026.
• Each RSU represents a contingent right to receive one share of Avery Dennison common stock.
• Following this transaction, Dickson beneficially owns 1,087 derivative securities directly.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management and shareholder interests.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing performance and long-term value creation.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including RSU grants, are common practice among publicly traded companies like Avery Dennison.
• Companies such as 3M (MMM) and Illinois Tool Works (ITW) also utilize similar equity-based compensation strategies to incentivize their executives and directors.
• The size of the RSU grant is likely determined based on factors such as the director's role, company performance, and industry benchmarks for executive compensation.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the director to work towards increasing shareholder value.
• The RSU grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

RSU, Restricted Stock Units, Director, Form 4, Avery Dennison, AVY, Beneficial Ownership, Equity Securities