Avery Dennison (AVY) President Danny Allouche Receives Award

What Happened
Danny Gilad Allouche, President of Avery Dennison’s Materials Group, was granted a total of 3,460 equity awards on September 1, 2026: 351 performance units (PUs), 243 restricted stock units (RSUs) and a one-time special award of 2,866 RSUs. All grants are reported as derivative awards with a $0.00 acquisition price — i.e., these are compensation awards (contingent rights to shares), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-09-01; reported in Form 4 filed 2026-09-01.
• Reported acquisition price: $0.00 (awards/grants, derivative securities).
• Total units granted: 3,460 (351 PUs + 243 RSUs + 2,866 RSUs).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1 (351 PUs): Supplemental 2026 performance units vest at the end of fiscal 2028 only if Compensation Committee performance conditions are met (determination in Feb 2029). Each PU = contingent right to one share.
  • F2 (243 RSUs): Vest 25% on Sept 1, 2027 and 25% on each of Mar 1, 2028, 2029, 2030. Each RSU = contingent right to one share.
  • F3 (2,866 RSUs): One-time special RSU award that cliff-vests on June 1, 2029. Each RSU = contingent right to one share.
• Filing timeliness: Filed same day as the transaction date (no late filing indicated).

Context
These are compensation awards, meaning Allouche did not pay cash and does not immediately receive shares; vesting and, for the PUs, achievement of performance goals determine whether and when shares are issued. Such grants are routine executive compensation and do not by themselves indicate a personal buy/sell decision.