Avery Dennison Appoints Helen J. Sheirbon as President, Solutions Group

Executive Appointment Overview

On October 9, 2026, the Board of Directors of Avery Dennison Corporation appointed Helen J. Sheirbon (age 51) as President, Solutions Group, designated as an executive officer under SEC rules, effective November 3, 2026.

Ms. Sheirbon transitions from HP Inc., where she most recently served as Senior Vice President and Chief Operating Officer of Global HP Solutions since July 2025. Over a multi-decade tenure at HP, she held several senior leadership posts across print, customer support, and collaboration solutions.

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Approved Compensation Package

The Board's Talent and Compensation Committee approved the following compensation package:

Ongoing Compensation:

• Annual Base Salary: $625,000
• Target Annual Incentive Plan (AIP): 60% of base salary ($375,000 at target)
• Target Long-Term Incentive (LTI): 200% of base salary ($1,250,000 target annual grant value)
• Executive Benefit Allowance: $65,000 annually (Level 2 executive)
• Perquisites: Up to $15,000 annually for tax preparation/financial counseling, annual executive physical, and relocation assistance.

One-Time Onboarding Incentives & Make-Whole Awards:

• Special Restricted Stock Units (RSUs): $2,000,000 grant date fair value, scheduled for grant on December 1, 2026; vests 50% on each of the first and second anniversaries of the grant date.
• Special Performance Units (PSUs): $1,500,000 grant date fair value to be granted alongside Q1 2027 annual LTI awards, cliff-vesting after a three-year performance period.
• Cash Signing Bonus: $250,000, payable upon employment commencement.
• Make-Whole Cash Payment: $800,000 payable in February 2027 to replace forfeited incentives from HP Inc. (contingent upon remaining employed and in good standing).
• Clawback/Repayment Terms: The $250,000 bonus and $800,000 cash payment are subject to full repayment if Ms. Sheirbon voluntarily resigns within 24 months of her start date.

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Market & Governance Impact

This filing documents an executive leadership transition and customary onboarding compensation structure. Because it does not report any immediate open-market transactions or changes in beneficial equity ownership, the direct trading significance for AVY shares is Low.