Form 4: Avery Dennison SVP & CIO Nicholas Colisto Reports Stock Transactions

Nicholas Colisto, SVP & CIO of Avery Dennison Corp, reports multiple transactions involving common stock and derivative securities, including the vesting of market-leveraged stock units (MSUs) and performance units (PUs) on March 1, 2025.

Summary

• On March 1, 2025, Nicholas Colisto, SVP & CIO of Avery Dennison Corp, engaged in several transactions involving the company's common stock.
• These transactions included the vesting of market-leveraged stock units (MSUs) and performance units (PUs).
• Colisto acquired and disposed of shares related to these vesting events.
• The price per share for these transactions was $187.06.
• Following these transactions, Colisto directly owns 8,559 shares of Avery Dennison Corp common stock.
• He also holds 1,797 MSUs and 1,870 PUs.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting transactions. The vesting of awards suggests performance targets are being met, which is mildly positive, but it's a routine filing.

Positives

• The vesting of MSUs and PUs indicates that certain performance objectives were met, which is generally a positive sign for the company.
• Colisto's continued direct ownership of 8,559 shares demonstrates his ongoing investment in the company's success.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedules of the MSUs and PUs extend to 2029, indicating a long-term incentive structure for the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Executive compensation packages including stock options, performance units, and market-leveraged stock units are common among publicly traded companies, particularly for executive-level employees.
• The vesting schedules and performance metrics tied to these awards are tailored to the specific goals and strategic priorities of Avery Dennison.
• Comparing the terms of these awards to those of peer companies would require a more detailed analysis of Avery Dennison's compensation policies and performance relative to its competitors.

Stakeholder Impact

• The vesting of stock awards can have a positive impact on shareholder value if it aligns management's interests with those of shareholders.
• Employees who receive stock awards may be more motivated to contribute to the company's success.

Key Dates