Dickson Ward H. 4

What Happened

• Ward H. Dickson, a director of Avery Dennison (AVY), exercised/converted a derivative to acquire 1,087 shares on 2026-05-01 at an exercise price of $164.01, valued at about $178,279. The same filing also shows a simultaneous disposition of 1,087 derivative shares at $0.00 and a grant/award of 1,128 RSUs (derivative award) on the same date.

Key Details

• Transaction date: 2026-05-01; Filing date: 2026-05-04 (appears timely).
• Acquired via exercise: 1,087 shares at $164.01 each — total ~$178,279.
• Grant/award: 1,128 RSUs reported at $0.00 (derivative award).
• Disposition: 1,087 derivative shares reported disposed at $0.00 (same date).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: RSUs cliff-vest on the first anniversary of the grant; each RSU equals a contingent right to one share.

Context

• The filing uses derivative transaction code M (exercise/conversion) and A (award/grant). The paired acquisition and zero-price disposition often reflect settlement mechanics (e.g., share surrender or withholding related to exercises), while the RSU grant represents a contingent award that vests later. These transactions are routine insider equity activity; they are factual records of issuance/exercise, not statements of intent or market views.