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

Deena Baker-Nel, SVP & Chief HR Officer at Avery Dennison Corp, reports the vesting and subsequent sale of shares acquired through a restricted stock unit (RSU) award.

Summary

• Deena Baker-Nel, a Senior Vice President & Chief HR Officer at Avery Dennison Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On April 1, 2025, 3,292 shares of common stock vested from a 2023 RSU award.
• Simultaneously, 1,071 shares were sold at a price of $178.33 to cover tax obligations related to the vesting of the RSU.
• Following these transactions, Baker-Nel directly owns 5,347 shares of Avery Dennison common stock.
• She also indirectly owns 1,596.2362 shares through a savings plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units (RSUs) to align management's interests with those of shareholders.
• The vesting and subsequent sale of shares to cover tax obligations is a common practice among executives receiving equity compensation.
• Comparing Baker-Nel's holdings and transactions to those of executives at similar companies like 3M or Illinois Tool Works (ITW) could provide additional context.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Avery Dennison, Stock Transaction, RSU, Deena Baker-Nel, AVY