Yost Ryan D 4
4 · Avery Dennison Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Avery Dennison (AVY) President Ryan D. Yost Exercises Options, Receives Awards
What Happened
- Ryan D. Yost, President, Materials Group at Avery Dennison (AVY), executed a series of derivative transactions on 2026-03-01. He exercised/converted options or other derivative awards resulting in the acquisition of 1,787 shares at an exercise price of $194.78 per share (total cash/consideration ≈ $348,072).
- Simultaneously, 512 shares were disposed of (withheld) to satisfy exercise/tax withholding obligations (proceeds/consideration ≈ $99,728). In addition, Yost was credited with 5,728 derivative awards (grants/vested units) recorded at $0.00 (2,342 and 3,386 shares — MSUs/RSUs/PUs as described in the filing footnotes).
Key Details
- Transaction date(s): 2026-03-01; Form 4 filed 2026-03-03 (no late-filing flag shown).
- Exercise transactions (M) at $194.78: 167, 222, 434, 714 and 250 shares (total acquired = 1,787; total cash ≈ $348,072).
- Tax withholding/dispositions (F) at $194.78: 55, 73, 119, 196 and 69 shares (total withheld = 512; total ≈ $99,728).
- Grants/awards (A) recorded: 2,342 and 3,386 derivative units (total 5,728) recorded at $0.00 — these reflect vested MSUs/PUs/RSUs per footnotes.
- Zero-dollar “exercise/conversion” entries (M, $0.00) correspond to conversion/settlement of derivative awards (matching share counts above) as recorded in the filing.
- Shares owned after the transactions are not specified in the supplied data.
Context
- The filing shows an option/derivative exercise with shares withheld to cover tax obligations — a routine net-share settlement (not an open-market sale). That pattern is common when executives exercise options or when performance/RSU awards vest.
- Footnotes explain vesting/results: RSUs vest 25% annually (F1); certain performance units vest at future dates subject to performance (F2); several MSU tranches and PUs vested/paid at various percentages (F3–F7), with specific achievement percentages noted in the filing.
- This is a disclosure of insider activity; it is factual reporting of exercises, withholdings, and awards and should not be interpreted as a recommendation or statement of intent.
Insider Transaction Report
Form 4
Yost Ryan D
President, Materials Group
Transactions
- Exercise/Conversion
Common Stock
2026-03-01$194.78/sh+167$32,528→ 5,056 total - Tax Payment
Common Stock
2026-03-01$194.78/sh−55$10,713→ 5,001 total - Exercise/Conversion
Common Stock
2026-03-01$194.78/sh+222$43,241→ 5,223 total - Tax Payment
Common Stock
2026-03-01$194.78/sh−73$14,219→ 5,150 total - Exercise/Conversion
Common Stock
2026-03-01$194.78/sh+434$84,535→ 5,584 total - Tax Payment
Common Stock
2026-03-01$194.78/sh−119$23,179→ 5,465 total - Exercise/Conversion
Common Stock
2026-03-01$194.78/sh+714$139,073→ 6,179 total - Tax Payment
Common Stock
2026-03-01$194.78/sh−196$38,177→ 5,983 total - Exercise/Conversion
Common Stock
2026-03-01$194.78/sh+250$48,695→ 6,233 total - Tax Payment
Common Stock
2026-03-01$194.78/sh−69$13,440→ 6,164 total - Award
2026 RSU Award
[F1]2026-03-01+2,342→ 2,342 totalExercise: $0.00From: 2027-03-01Exp: 2030-03-01→ Common Stock (2,342 underlying) - Award
2026 PU Award
[F2]2026-03-01+3,386→ 3,386 totalExercise: $0.00From: 2029-03-01Exp: 2029-03-01→ Common Stock (3,386 underlying) - Exercise/Conversion
2022 MSU Award
[F3]2026-03-01−167→ 0 totalExercise: $0.00From: 2023-03-01Exp: 2026-03-01→ Common Stock (167 underlying) - Exercise/Conversion
2023 MSU Award
[F4]2026-03-01−222→ 220 totalExercise: $0.00From: 2024-03-01Exp: 2027-03-01→ Common Stock (222 underlying) - Exercise/Conversion
2024 MSU Award
[F5]2026-03-01−434→ 910 totalExercise: $0.00From: 2025-03-01Exp: 2028-03-01→ Common Stock (434 underlying) - Exercise/Conversion
2025 MSU Award
[F6]2026-03-01−714→ 2,234 totalExercise: $0.00From: 2026-03-01Exp: 2029-03-01→ Common Stock (714 underlying) - Exercise/Conversion
2023 PU Award
[F7]2026-03-01−250→ 0 totalExercise: $0.00From: 2026-03-01Exp: 2026-03-01→ Common Stock (250 underlying)
Holdings
- 3.649(indirect: Savings Plan)
Common Stock (Savings Plan)
Footnotes (7)
- [F1]Restricted stock units (RSUs) vest 25% on each of the first, second, third and fourth anniversaries of the grant date. Each RSU represents a contingent right to receive one share of common stock.
- [F2]Performance units (PUs) vest, at the end of fiscal year 2028, provided certain performance objectives are met as determined by the Compensation Committee in February 2029. Each PU represents a contingent right to receive one share of common stock.
- [F3]Shares reflect the vesting of the fourth tranche of MSUs granted in February 2022 at 92% of target based on our absolute total stockholder return in excess of 10% during the 2022-2025 performance period, plus dividend equivalents accrued during the period.
- [F4]Shares reflect the vesting of the third tranche of MSUs granted in March 2023 at 96% of target based on our absolute total stockholder return during the 2023-2025 performance period, plus dividend equivalents accrued during the period.
- [F5]Shares reflect the vesting of the second tranche of MSUs granted in March 2024 at 92% of target based on our absolute total stockholder return during the 2024-2025 performance period, plus dividend equivalents accrued during the period.
- [F6]Shares reflect the vesting of the first tranche of MSUs granted in March 2025 at 94% of target based on our absolute total stockholder return during the 2025 performance period, plus dividend equivalents accrued during the period.
- [F7]Shares reflect the vesting of PUs granted in March 2023 at 28% of target, based 75% on the cumulative economic value added of RBIS (now Solutions Group) of 0% of target and 25% on our relative total stockholder return of 112% of target.
Signature
/s/ Vikas Arora, attorney-in-fact for Ryan D Yost|2026-03-03