Avery Dennison Corp: elects president, solutions group

What happened Avery Dennison Corporation filed an 8-K reporting that its board elected Helen J. Sheirbon as president, solutions group, effective Nov 3, 2026. The board elected Ms. Sheirbon on Oct 9, 2026. Ms. Sheirbon, age 51, has served as senior vice president and chief operating officer of Global HP Solutions, HP Inc., since Jul 2025 and will leave HP by the end of Oct 2026.

Key details

• annual base salary of $625,000; target annual incentive of 60% of base salary; target long-term incentive of 200% of base salary.
• special restricted stock units with grant date fair value of $2,000,000 to be granted Dec 1, 2026, vesting 50% on the first and second anniversaries; special performance units with fair value of $1,500,000 to be granted in the first quarter of 2027, cliff-vesting at the end of a three-year performance period.
• cash signing bonus of $250,000; cash payment of $800,000 to offset forfeited incentives from her prior employer payable in Feb 2027 if still employed and in good standing; cash awards must be repaid if she voluntarily terminates within 24 months of start date.
• as a Level 2 executive, eligible for annual executive benefit allowance of $65,000; reimbursement up to $15,000 per year for financial counseling and tax preparation; paid annual executive physical; taxable relocation assistance; eligible for the company’s savings, deferred compensation, executive severance and key executive change of control severance plans as described in the company’s 2026 proxy statement filed Mar 12, 2026.

Why it may matter This filing reports Item 5.02 (departure of directors or certain officers; election of directors), covering the election of Ms. Sheirbon as an executive officer and the compensation and benefit arrangements approved by the talent and compensation committee. The filing does not show why the insider traded or why the company acted.