Form 4: Avery Dennison Executive Francisco Melo Sells 3,750 Shares
SEC Filing
Francisco Melo, President of Solutions Group at Avery Dennison Corp, sold 3,750 shares of common stock at $227 per share on May 20, 2024.
Summary
- On May 20, 2024, Francisco Melo, President of Solutions Group at Avery Dennison Corp, sold 3,750 shares of common stock.
- The sale price was $227 per share.
- Following the transaction, Melo directly owns 15,230 shares of Avery Dennison Corp.
- The transaction was reported on a Form 4 filing with the SEC on May 21, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive, which is a neutral event.
Industry Context
This is a routine disclosure of a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by shareholders, but the impact is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of stock sale transaction |
| 05/21/2024 | Date of Form 4 filing |
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