Danny Gilad Allouche, President of the Materials Group at Avery Dennison Corp (NYSE:AVY), filed a Form 4 on September 1, 2026, reporting the acquisition of three equity awards granted on September 1, 2026.

Key Highlights

  • Reporting person: Danny Gilad Allouche, President, Materials Group at Avery Dennison Corp
  • Supplemental performance units: 351 performance units (PUs) acquired at $0 price, vesting contingent on performance objectives met by February 2029, with expiration date of March 1, 2029
  • Supplemental RSUs: 243 restricted stock units acquired at $0 price, vesting 25% on September 1, 2027 and each of March 1, 2028, 2029, and 2030
  • Special RSU award: 2,866 restricted stock units acquired at $0 price in a one-time special award, cliff-vesting on June 1, 2029
  • Indirect holdings: 23,153 shares of common stock held indirectly through a trust, with no transaction reported on those shares
  • All three derivative awards: held directly, each representing a contingent right to receive one share of common stock per unit

Avery Dennison Materials Group President Granted Three Equity Awards on September 1, 2026

According to the filing, Danny Gilad Allouche, who serves as President of the Materials Group at Avery Dennison Corp, received three separate equity awards on September 1, 2026. All three awards were acquired at a price of $0 and are classified as derivative securities representing contingent rights to receive shares of common stock upon vesting.

The first award, designated as the "Suppl. 2026 PU Award," consists of 351 performance units. The filing states these units "vest at the end of fiscal year 2028 provided certain performance objectives are met as determined by the Compensation Committee in February 2029." Both the exercisable and expiration date are listed as March 1, 2029. The second award, designated as the "Suppl. 2026 RSU Award," consists of 243 restricted stock units vesting in four installments: 25% on September 1, 2027, and 25% on each of March 1, 2028, 2029, and 2030, with an expiration date of March 1, 2030. The third award, the "2026 Special RSU Award," consists of 2,866 restricted stock units described in the filing as a "one-time special award" that cliff-vests entirely on June 1, 2029.

In addition to the derivative securities, the filing reports that Allouche beneficially owns 23,153 shares of common stock indirectly through a trust. No transaction was recorded for those shares in this filing. The Form 4 was signed by Vikas Arora as attorney-in-fact for Allouche on September 1, 2026.

What Was Disclosed

The filing disclosed the acquisition of three equity awards totaling 3,460 derivative securities by the President of Avery Dennison's Materials Group, along with an existing indirect beneficial ownership of 23,153 shares held through a trust.