Flitman David E 4

What Happened

• David E. Flitman, a director of Avery Dennison Corp. (AVY), was awarded 1,128 restricted stock units (RSUs) on 2026-05-01. The Form 4 reports an acquisition at $0.00 per unit (transaction code A — award/grant); these are derivative awards, not an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-05-01; 1,128 RSUs at reported $0.00.
• Post-transaction shares owned: Not specified in the provided filing excerpt.
• Footnote: RSUs cliff-vest on the first anniversary of the grant date; each RSU represents a contingent right to receive one share of common stock (i.e., shares issued only at vesting). (Footnote F1)
• Filing date/timeliness: Form filed 2026-05-04; this filing appears to be timely relative to the SEC’s Form 4 reporting window.

Context

• RSUs are a form of compensation: they give a future right to receive shares if vesting conditions are met (here, a one-year cliff). Because this was a grant, it’s a routine compensation event for a director and not an immediate market buy or sale. Retail investors should view this as compensation-related issuance rather than a direct insider purchase signal.