Form 4: Avery Dennison Executive Divina Santiago Reports Stock Transactions

Divina Santiago, VP Controller at Avery Dennison Corp, reports transactions involving common stock and derivative securities, including the vesting of market-leveraged stock units and performance units.

Summary

• On March 1, 2024, Divina Santiago, VP Controller of Avery Dennison Corp, reported transactions involving the company's common stock and derivative securities.
• These transactions included the acquisition and disposition of common stock, as well as the vesting of market-leveraged stock units (MSUs) and performance units (PUs).
• Specifically, 71 shares were acquired at $216.45, and 30 shares were disposed of at the same price.
• Additionally, 57 shares were acquired at $216.45, and 24 shares were disposed of at the same price.
• The report also details the vesting of MSUs granted in March 2022 and March 2023, based on the company's total stockholder return during the performance periods.
• Following these transactions, Santiago directly owns 288 shares of common stock and indirectly owns 362.8108 shares through a savings plan.
• Santiago also holds derivative securities, including 375 MSUs from the 2024 award and 428 PUs from the 2024 award.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting insider transactions, which carries a neutral sentiment.

Future Outlook

The vesting of MSUs and PUs is contingent upon future performance and market conditions, as determined by the Compensation Committee.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.

Stakeholder Impact

• The reported transactions provide shareholders with insight into the actions of a key executive at Avery Dennison.

Key Dates