A Form 4 filed on September 1, 2026, discloses that William Raymond Wagner, a director of Avery Dennison Corp (NYSE:AVY), received a supplemental restricted stock unit award in connection with his election as independent Board Chair.

Key Highlights

  • Reporting person: William Raymond Wagner, identified as a Director of Avery Dennison Corp.
  • RSU grant: 344 restricted stock units awarded on September 1, 2026, under the "Suppl. 2026 Director RSU Award."
  • Grant price: $0, per the filing.
  • Vesting schedule: RSUs cliff-vest on the first anniversary of the grant date, September 1, 2027.
  • Underlying security: Each RSU represents a contingent right to receive one share of common stock.
  • Beneficial ownership following transaction: 344 derivative securities held directly, with 3,412 shares of common stock also reported as beneficially owned.

Wagner's Supplemental RSU Award Tied to Independent Board Chair Role

According to the filing, William Raymond Wagner received 344 restricted stock units on September 1, 2026, described as a "Supplemental award of restricted stock units (RSUs) in connection with Reporting Person's election as independent Board Chair." The award is classified as an acquisition (transaction code A) under Table II - Derivative Securities. The RSUs carry a conversion price of $0 and a price of $0, as stated in the filing.

The filing notes that the RSUs "cliff-vest on the first anniversary of the grant date," with both the date exercisable and the expiration date listed as September 1, 2027. The filing further states that "each RSU represents a contingent right to receive one share of common stock." Wagner holds these 344 RSUs directly. Separately, Table I of the filing records 3,412 shares of common stock as beneficially owned by Wagner, though no transaction date, transaction code, or price is associated with that common stock entry in the filing.

The Form 4 was signed by Vikas Arora as attorney-in-fact for William R. Wagner and dated September 1, 2026. Wagner's address is listed as 8080 Norton Parkway, Mentor, Ohio 44060.

What Was Disclosed

The filing reports a supplemental RSU grant of 344 units to Avery Dennison director William Raymond Wagner, made in connection with his election as independent Board Chair, with cliff-vesting set for September 1, 2027.