Lovins Gregory 4

What Happened

• Gregory Lovins, SVP and Chief Financial Officer of Avery Dennison, executed multiple option exercises and recorded equity awards on March 1, 2026. He exercised options to acquire 15,533 shares at an exercise price of $194.78 per share (total cash paid ≈ $3,025,519). To cover exercise costs and tax withholding, 5,983 shares were surrendered/withheld (dispositions labeled F) totaling ≈ $1,165,369. In addition, two equity award/vesting entries show 4,329 and 6,259 derivative awards (RSUs/PUs) acquired at $0 (total 10,588 award shares) per the filing footnotes.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
• Exercise price and sale price reported: $194.78 per share for cash exercises.
• Shares acquired by exercise: 15,533 shares (cash paid ≈ $3,025,519).
• Shares surrendered/withheld (to pay exercise price/taxes): 5,983 shares (≈ $1,165,369).
• Awarded/vested derivative shares: 10,588 RSU/PU shares recorded at $0.00 (4,329 and 6,259).
• Footnotes: Vesting/settlement relates to MSUs, RSUs and PUs with performance/vesting adjustments (see F3–F8 for percent-of-target vesting and dividend equivalents).
• Transaction codes: M = exercise/conversion of derivative, F = payment of exercise price/tax withholding, A = grant/award.
• Shares owned after the transactions are not specified in the provided data.

Context

• These entries are mainly option exercises and equity award vestings. The withheld/disposed shares are routine tax-withholding or exercise-payment actions (not an open-market sale for investment purposes).
• For retail investors: exercises and vesting are common compensation events and do not, by themselves, necessarily signal a change in insider sentiment. Exercises involve insiders converting option/derivative rights into stock; tax-withholding often results in shares being surrendered or sold to cover obligations.