Avery Dennison (AVY) Director Wagner Receives 344 RSU Award

What Happened

William R. Wagner, a director of Avery Dennison Corporation (AVY), received a grant of 344 restricted stock units (RSUs) on 2026-09-01 (reported on Form 4). The award was recorded as a derivative acquisition (transaction code A) at $0.00 per unit (no cash paid). Each RSU is a contingent right to one share of common stock and will convert into shares if and when the RSUs vest.

Key Details

• Transaction date: 2026-09-01; transaction type: A (award/grant).
• Award: 344 RSUs @ $0.00 (derivative); acquisition value reported as $0.
• Vesting: RSUs cliff-vest on the first anniversary of the grant (per footnote).
• Reason: Supplemental award in connection with Wagner’s election as independent Board Chair (footnote).
• Shares owned after transaction: not stated in the filing.
• Filing timeliness: Form filed with the same report date (no late filing indicated).

Context

RSUs are a form of compensation that convert into shares only after vesting; this grant does not represent an immediate purchase or sale of shares and involves no immediate cash outlay. Such board-awarded RSUs are common for governance compensation and should be viewed as a compensation event rather than a direct market sentiment signal.