Form 4: Avery Dennison Director Ward H. Dickson Reports Acquisition of Restricted Stock Units

Director Ward H. Dickson reports the acquisition of 753 Restricted Stock Units (RSUs) of Avery Dennison Corp on June 1, 2024, vesting on June 1, 2025.

Summary

• Ward H. Dickson, a director of Avery Dennison Corp, filed a Form 4 on June 3, 2024, reporting a transaction.
• On June 1, 2024, Dickson acquired 753 Restricted Stock Units (RSUs).
• These RSUs cliff-vest on the first anniversary of the grant date, June 1, 2025.
• Each RSU represents a contingent right to receive one share of Avery Dennison common stock.
• The price of the transaction was $225.26.
• Following the reported transaction, Dickson beneficially owns 753 derivative securities directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's acquisition of RSUs, which is neither particularly positive nor negative.

Positives

• The acquisition of RSUs by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common form of executive compensation.

Stakeholder Impact

• The acquisition of RSUs by a director could have a slightly positive impact on shareholder sentiment, as it may signal confidence in the company's future.

Key Dates