Form 4: Avery Dennison SVP and CFO Gregory Lovins Reports Sale of Common Stock

Gregory Lovins, SVP and CFO of Avery Dennison Corp, reported the sale of 2,894 shares of common stock at a price of $227.2 per share on May 10, 2024.

Summary

• Gregory Lovins, the SVP and CFO of Avery Dennison Corp, filed a Form 4 with the SEC.
• The form reports a transaction that occurred on May 10, 2024.
• Lovins sold 2,894 shares of Avery Dennison common stock at a price of $227.2 per share.
• Following the transaction, Lovins directly owns 67,457 shares of common stock.
• Lovins also indirectly owns 2,165.5841 shares of common stock through a savings plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sale by a high-ranking executive could be perceived in different ways by stakeholders.
• Some might see it as a lack of confidence in the company's future, while others might view it as a personal financial decision.

Key Dates