Form 4: Avery Dennison Executive Danny Gilad Allouche Reports Changes in Beneficial Ownership

Danny Gilad Allouche, SVP, CSDO & Interim CFO of Avery Dennison Corp, reports transactions involving common stock and derivative securities, including market-leveraged stock units (MSUs), performance units (PUs), and restricted stock units (RSUs).

Summary

• On March 1, 2025, Danny Gilad Allouche, SVP, CSDO & Interim CFO of Avery Dennison Corp, engaged in multiple transactions involving the company's common stock.
• These transactions included the acquisition and disposal of shares held indirectly through a trust.
• Allouche also reported the acquisition of derivative securities, specifically 2025 MSU Awards, 2025 PU Awards, and 2025 Promotion RSU Awards.
• Additionally, several tranches of previously granted MSU and PU awards vested on March 1, 2025, resulting in the acquisition of shares.
• The vesting percentages for these awards were based on Avery Dennison's total stockholder return and economic value added during specific performance periods.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and vesting of equity awards.

Future Outlook

The document does not contain specific forward-looking statements, but it does outline the vesting schedules and performance metrics for various equity awards, which are tied to future company performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It's a standard practice for publicly traded companies and their executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• The vesting schedules and performance metrics for equity awards are common tools used by companies to align executive compensation with shareholder value.
• Companies like 3M (MMM) and Illinois Tool Works (ITW), which operate in similar industrial sectors, also utilize equity-based compensation plans with performance-based vesting.

Stakeholder Impact

• Shareholders are informed about insider transactions, which can influence their perception of management's confidence in the company.
• Employees holding similar equity awards may be interested in the vesting terms and performance metrics disclosed in the filing.

Key Dates