Form 4: Avery Dennison Executive Deena Baker-Nel Reports Stock Transactions

Deena Baker-Nel, SVP & Chief HR Officer at Avery Dennison, reports multiple transactions involving common stock and derivative securities, including acquisitions and disposals related to vesting of market-leveraged stock units (MSUs) and performance units (PUs).

Summary

• On March 1, 2024, Deena Baker-Nel, SVP & Chief HR Officer of Avery Dennison Corp, reported several transactions involving the company's common stock.
• These transactions included the acquisition of shares through the vesting of market-leveraged stock units (MSUs) and performance units (PUs).
• The reporting person also disposed of shares to cover tax obligations related to the vesting of these units.
• The transactions resulted in a net increase in the number of shares beneficially owned by Baker-Nel.
• The reporting person directly owns 4,577 shares of common stock and indirectly owns 1,423.9492 shares through a savings plan.
• The reporting person also owns 1,321 MSUs and 1,507 PUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The document does not contain specific forward-looking statements, but it does detail the vesting schedules and performance conditions for MSUs and PUs, which will influence future ownership.

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 allows investors to track insider sentiment and potential alignment with company performance.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into executive compensation and ownership.

Key Dates