BAKER-NEL DEENA (VP & Chief HR Officer) exercised options at AVERY DENNISON CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 5 exercises

BAKER-NEL DEENA

Filed: 3/3/2026ACC: 0000008818-26-000036

InsiderBAKER-NEL DEENACIK 1823548

→

IssuerAVERY DENNISON CORPCIK 8818

Officer· VP & Chief HR Officer

Since Sep 2020

+4.39K

Net shares

Net buyer

$153.3K

Total sold

Open market trades

0B · 0S

Total transactions

7.75K acquired · 3.35K disposed

Non-Derivative Transactions10

Common Stock

Direct

M · Option Exercise

+432.00

Price / share

$194.78

Trade value

$84.14K

% of position

8.1%

3/1/2026

5.35K→5.78K

Common Stock

Direct

F · Tax Withholding

−150.00

Price / share

$194.78

Trade value

$29.22K

% of position

2.6%

3/1/2026

5.78K→5.63K

Common Stock

Direct

M · Option Exercise

+361.00

Price / share

$194.78

Trade value

$70.32K

% of position

6.4%

3/1/2026

5.63K→5.99K

Common Stock

Direct

F · Tax Withholding

−108.00

Price / share

$194.78

Trade value

$21.04K

% of position

1.8%

3/1/2026

5.99K→5.88K

Common Stock

Direct

M · Option Exercise

+315.00

Price / share

$194.78

Trade value

$61.36K

% of position

5.4%

3/1/2026

5.88K→6.20K

Common Stock

Direct

F · Tax Withholding

−94.00

Price / share

$194.78

Trade value

$18.31K

% of position

1.5%

3/1/2026

6.20K→6.10K

Common Stock

Direct

M · Option Exercise

+646.00

Price / share

$194.78

Trade value

$125.83K

% of position

10.6%

3/1/2026

6.10K→6.75K

Common Stock

Direct

F · Tax Withholding

−193.00

Price / share

$194.78

Trade value

$37.59K

% of position

2.9%

3/1/2026

6.75K→6.56K

Common Stock

Direct

M · Option Exercise

+811.00

Price / share

$194.78

Trade value

$157.97K

% of position

12.4%

3/1/2026

6.56K→7.37K

Common Stock

Direct

F · Tax Withholding

−242.00

Price / share

$194.78

Trade value

$47.14K

% of position

3.3%

3/1/2026

7.37K→7.13K

Total

Net shares

+1.78K

Net value

$346.32K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/1/2026	M · Option Exercise	+432.00	$194.78	$84.14K	8.1%	5.35K	5.78K
Common Stock Direct	3/1/2026	F · Tax Withholding	−150.00	$194.78	$29.22K	2.6%	5.78K	5.63K
Common Stock Direct	3/1/2026	M · Option Exercise	+361.00	$194.78	$70.32K	6.4%	5.63K	5.99K
Common Stock Direct	3/1/2026	F · Tax Withholding	−108.00	$194.78	$21.04K	1.8%	5.99K	5.88K
Common Stock Direct	3/1/2026	M · Option Exercise	+315.00	$194.78	$61.36K	5.4%	5.88K	6.20K
Common Stock Direct	3/1/2026	F · Tax Withholding	−94.00	$194.78	$18.31K	1.5%	6.20K	6.10K
Common Stock Direct	3/1/2026	M · Option Exercise	+646.00	$194.78	$125.83K	10.6%	6.10K	6.75K
Common Stock Direct	3/1/2026	F · Tax Withholding	−193.00	$194.78	$37.59K	2.9%	6.75K	6.56K
Common Stock Direct	3/1/2026	M · Option Exercise	+811.00	$194.78	$157.97K	12.4%	6.56K	7.37K
Common Stock Direct	3/1/2026	F · Tax Withholding	−242.00	$194.78	$47.14K	3.3%	7.37K	7.13K
Total			+1.78K		$346.32K

Derivative Transactions7

2026 RSU Award

Direct

A · Award

Converts to

Common Stock

2.12K shares

+2.12K

Strike price

Held after

2.12K

Exercisable

—

3/1/2026

2026 PU Award

Direct

A · Award

Converts to

Common Stock

3.06K shares

+3.06K

Strike price

Held after

3.06K

Exercisable

—

3/1/2026

2022 MSU Award

Direct

M · Option Exercise

Converts to

Common Stock

432.00 shares

−432.00

Strike price

Held after

0.00

Exercisable

—

3/1/2026

2023 MSU Award

Direct

M · Option Exercise

Converts to

Common Stock

361.00 shares

−361.00

Strike price

Held after

357.00

Exercisable

—

3/1/2026

2024 MSU Award

Direct

M · Option Exercise

Converts to

Common Stock

315.00 shares

−315.00

Strike price

Held after

661.00

Exercisable

—

3/1/2026

2025 MSU Award

Direct

M · Option Exercise

Converts to

Common Stock

646.00 shares

−646.00

Strike price

Held after

2.02K

Exercisable

—

3/1/2026

2023 PU Award

Direct

M · Option Exercise

Converts to

Common Stock

811.00 shares

−811.00

Strike price

Held after

0.00

Exercisable

—

3/1/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
2026 RSU Award Direct	Common Stock2.12K shares	3/1/2026	A · Award	+2.12K	—	2.12K
2026 PU Award Direct	Common Stock3.06K shares	3/1/2026	A · Award	+3.06K	—	3.06K
2022 MSU Award Direct	Common Stock432.00 shares	3/1/2026	M · Option Exercise	−432.00	—	0.00
2023 MSU Award Direct	Common Stock361.00 shares	3/1/2026	M · Option Exercise	−361.00	—	357.00
2024 MSU Award Direct	Common Stock315.00 shares	3/1/2026	M · Option Exercise	−315.00	—	661.00
2025 MSU Award Direct	Common Stock646.00 shares	3/1/2026	M · Option Exercise	−646.00	—	2.02K
2023 PU Award Direct	Common Stock811.00 shares	3/1/2026	M · Option Exercise	−811.00	—	0.00

Non-Derivative Holdings (Post-Transaction)1

Common Stock (Savings Plan)

Indirect

Shares owned1.72K

Total

1.72K indirect1.72K

Security Title	Shares Owned	Ownership Type
Common Stock (Savings Plan)	1.72K	Indirect
Total	1.72K	1.72K indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported