Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * STANDER DEON 2. Issuer Name and Ticker or Trading Symbol Avery Dennison Corp [AVY] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & CEO (Last) (First) (Middle) 8080 NORTON PARKWAY 3. Date of Earliest Transaction (Month/Day/Year) 03/01/2026 (Street) MENTOR, OH 44060 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/01/2026 M 1,824 A $194.78 66,968 D Common Stock 03/01/2026 F 544 D $194.78 66,424 D Common Stock 03/01/2026 M 1,382 A $194.78 67,806 D Common Stock 03/01/2026 F 412 D $194.78 67,394 D Common Stock 03/01/2026 M 3,033 A $194.78 70,427 D Common Stock 03/01/2026 F 1,146 D $194.78 69,281 D Common Stock 03/01/2026 M 4,854 A $194.78 74,135 D Common Stock 03/01/2026 F 2,370 D $194.78 71,765 D Common Stock 03/01/2026 M 3,100 A $194.78 74,865 D Common Stock 03/01/2026 F 1,514 D $194.78 73,351 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

2026 RSU Award

$ 0

03/01/2026

A

16,622

03/01/2027(1)

03/01/2030

Common Stock

16,622

$ 0

16,622

D

2026 PU Award

$ 0

03/01/2026

A

24,033

03/01/2029(2)

03/01/2029

Common Stock

24,033

$ 0

24,033

D

2022 MSU Award

$ 0

03/01/2026

M

1,824

03/01/2023(3)

03/01/2026

Common Stock

1,824

$ 0

0

D

2023 MSU Award

$ 0

03/01/2026

M

1,382

03/01/2024(4)

03/01/2027

Common Stock

1,382

$ 0

1,364

D

2024 MSU Award

$ 0

03/01/2026

M

3,033

03/01/2025(5)

03/01/2028

Common Stock

3,033

$ 0

6,353

D

2025 MSU Award

$ 0

03/01/2026

M

4,854

03/01/2026(6)

03/01/2029

Common Stock

4,854

$ 0

15,170

D

2023 PU Award

$ 0

03/01/2026

M

3,100

03/01/2026(7)

03/01/2026

Common Stock

3,100

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
STANDER DEON 8080 NORTON PARKWAY MENTOR, OH 44060	X		President & CEO

Signatures

/s/ Vikas Arora, attorney-in-fact for Deon Stander		03/03/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Restricted stock units (RSUs) vest 25% on each of the first, second, third and fourth anniversaries of the grant date. Each RSU represents a contingent right to receive one share of common stock.
(2)	Performance units (PUs) vest, at the end of fiscal year 2028, provided certain performance objectives are met as determined by the Compensation Committee in February 2029. Each PU represents a contingent right to receive one share of common stock.
(3)	Shares reflect the vesting of the fourth tranche of MSUs granted in February 2022 at 92% of target based on our absolute total stockholder return in excess of 10% during the 2022-2025 performance period, plus dividend equivalents accrued during the period.
(4)	Shares reflect the vesting of the third tranche of MSUs granted in March 2023 at 96% of target based on our absolute total stockholder return during the 2023-2025 performance period, plus dividend equivalents accrued during the period.
(5)	Shares reflect the vesting of the second tranche of MSUs granted in March 2024 at 92% of target based on our absolute total stockholder return during the 2024-2025 performance period, plus dividend equivalents accrued during the period.
(6)	Shares reflect the vesting of the first tranche of MSUs granted in March 2025 at 94% of target based on our absolute total stockholder return during the 2025 performance period, plus dividend equivalents accrued during the period.
(7)	Shares reflect the vesting of PUs granted in March 2023 at 56% of target, based 50% on our cumulative economic value added of 0% of target and 50% on our relative total stockholder return of 112% of target.

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