Form 4: Maria Fernanda Mejia Receives Director RSU Award from Avery Dennison Corp

Director Maria Fernanda Mejia reports receiving a restricted stock unit (RSU) award from Avery Dennison Corp.

Summary

• Maria Fernanda Mejia, a director of Avery Dennison Corp, filed a Form 4 to report a transaction.
• On May 1, 2024, Mejia was granted 844 restricted stock units (RSUs) as part of a director RSU award.
• Each RSU represents a contingent right to receive one share of Avery Dennison common stock.
• The RSUs cliff-vest on May 1, 2025, the first anniversary of the grant date.
• Following the reported transaction, Mejia directly owns 844 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral event with a slightly positive undertone.

Positives

• The RSU grant aligns the director's interests with those of the shareholders.

Future Outlook

The director will receive shares of common stock upon vesting of the RSUs on May 1, 2025.

Industry Context

RSU grants are a common form of executive compensation in publicly traded companies, aligning the interests of directors with those of shareholders.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates