WALKER IGNACIO J (VP and Chief Legal 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

WALKER IGNACIO J

Filed: 3/3/2026ACC: 0000008818-26-000050

InsiderWALKER IGNACIO JCIK 1823327

→

IssuerAVERY DENNISON CORPCIK 8818

Officer· VP and Chief Legal Officer

Since Sep 2020

+5.75K

Net shares

Net buyer

$115.1K

Total sold

Open market trades

0B · 0S

Total transactions

8.67K acquired · 2.92K disposed

Non-Derivative Transactions10

Common Stock

Direct

M · Option Exercise

+443.00

Price / share

$194.78

Trade value

$86.29K

% of position

5.8%

3/1/2026

7.59K→8.03K

Common Stock

Direct

F · Tax Withholding

−130.00

Price / share

$194.78

Trade value

$25.32K

% of position

1.6%

3/1/2026

8.03K→7.90K

Common Stock

Direct

M · Option Exercise

+369.00

Price / share

$194.78

Trade value

$71.87K

% of position

4.7%

3/1/2026

7.90K→8.27K

Common Stock

Direct

F · Tax Withholding

−90.00

Price / share

$194.78

Trade value

$17.53K

% of position

1.1%

3/1/2026

8.27K→8.18K

Common Stock

Direct

M · Option Exercise

+270.00

Price / share

$194.78

Trade value

$52.59K

% of position

3.3%

3/1/2026

8.18K→8.45K

Common Stock

Direct

F · Tax Withholding

−66.00

Price / share

$194.78

Trade value

$12.86K

% of position

0.8%

3/1/2026

8.45K→8.38K

Common Stock

Direct

M · Option Exercise

+419.00

Price / share

$194.78

Trade value

$81.61K

% of position

5.0%

3/1/2026

8.38K→8.80K

Common Stock

Direct

F · Tax Withholding

−103.00

Price / share

$194.78

Trade value

$20.06K

% of position

1.2%

3/1/2026

8.80K→8.70K

Common Stock

Direct

M · Option Exercise

+829.00

Price / share

$194.78

Trade value

$161.47K

% of position

9.5%

3/1/2026

8.70K→9.53K

Common Stock

Direct

F · Tax Withholding

−202.00

Price / share

$194.78

Trade value

$39.35K

% of position

2.1%

3/1/2026

9.53K→9.33K

Total

Net shares

+1.74K

Net value

$338.72K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/1/2026	M · Option Exercise	+443.00	$194.78	$86.29K	5.8%	7.59K	8.03K
Common Stock Direct	3/1/2026	F · Tax Withholding	−130.00	$194.78	$25.32K	1.6%	8.03K	7.90K
Common Stock Direct	3/1/2026	M · Option Exercise	+369.00	$194.78	$71.87K	4.7%	7.90K	8.27K
Common Stock Direct	3/1/2026	F · Tax Withholding	−90.00	$194.78	$17.53K	1.1%	8.27K	8.18K
Common Stock Direct	3/1/2026	M · Option Exercise	+270.00	$194.78	$52.59K	3.3%	8.18K	8.45K
Common Stock Direct	3/1/2026	F · Tax Withholding	−66.00	$194.78	$12.86K	0.8%	8.45K	8.38K
Common Stock Direct	3/1/2026	M · Option Exercise	+419.00	$194.78	$81.61K	5.0%	8.38K	8.80K
Common Stock Direct	3/1/2026	F · Tax Withholding	−103.00	$194.78	$20.06K	1.2%	8.80K	8.70K
Common Stock Direct	3/1/2026	M · Option Exercise	+829.00	$194.78	$161.47K	9.5%	8.70K	9.53K
Common Stock Direct	3/1/2026	F · Tax Withholding	−202.00	$194.78	$39.35K	2.1%	9.53K	9.33K
Total			+1.74K		$338.72K

Derivative Transactions8

2026 RSU Award

Direct

A · Award

Converts to

Common Stock

1.86K shares

+1.86K

Strike price

Held after

1.86K

Exercisable

—

3/1/2026

2026 PU Award

Direct

A · Award

Converts to

Common Stock

2.68K shares

+2.68K

Strike price

Held after

2.68K

Exercisable

—

3/1/2026

2026 Special RSU Award

Direct

A · Award

Converts to

Common Stock

1.80K shares

+1.80K

Strike price

Held after

1.80K

Exercisable

—

3/1/2026

2022 MSU Award

Direct

M · Option Exercise

Converts to

Common Stock

443.00 shares

−443.00

Strike price

Held after

0.00

Exercisable

—

3/1/2026

2023 MSU Award

Direct

M · Option Exercise

Converts to

Common Stock

369.00 shares

−369.00

Strike price

Held after

365.00

Exercisable

—

3/1/2026

2024 MSU Award

Direct

M · Option Exercise

Converts to

Common Stock

270.00 shares

−270.00

Strike price

Held after

568.00

Exercisable

—

3/1/2026

2025 MSU Award

Direct

M · Option Exercise

Converts to

Common Stock

419.00 shares

−419.00

Strike price

Held after

1.31K

Exercisable

—

3/1/2026

2023 PU Award

Direct

M · Option Exercise

Converts to

Common Stock

829.00 shares

−829.00

Strike price

Held after

0.00

Exercisable

—

3/1/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
2026 RSU Award Direct	Common Stock1.86K shares	3/1/2026	A · Award	+1.86K	—	1.86K
2026 PU Award Direct	Common Stock2.68K shares	3/1/2026	A · Award	+2.68K	—	2.68K
2026 Special RSU Award Direct	Common Stock1.80K shares	3/1/2026	A · Award	+1.80K	—	1.80K
2022 MSU Award Direct	Common Stock443.00 shares	3/1/2026	M · Option Exercise	−443.00	—	0.00
2023 MSU Award Direct	Common Stock369.00 shares	3/1/2026	M · Option Exercise	−369.00	—	365.00
2024 MSU Award Direct	Common Stock270.00 shares	3/1/2026	M · Option Exercise	−270.00	—	568.00
2025 MSU Award Direct	Common Stock419.00 shares	3/1/2026	M · Option Exercise	−419.00	—	1.31K
2023 PU Award Direct	Common Stock829.00 shares	3/1/2026	M · Option Exercise	−829.00	—	0.00

Non-Derivative Holdings (Post-Transaction)1

Common Stock (Savings Plan)

Indirect

Shares owned587.02

Total

587.02 indirect587.02

Security Title	Shares Owned	Ownership Type
Common Stock (Savings Plan)	587.02	Indirect
Total	587.02	587.02 indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported