Item 5. OTHER INFORMATION

On March 14, 2024, Mitchell R. Butier, our Executive Chairman, adopted a Rule 10b5-1 trading plan. Mr. Butier's trading plan provides for the potential exercise and sale of up to 15,000 shares of our common stock subject to stock options, until February 28, 2025. This plan is intended to satisfy the affirmative defense of Rule 10b-1(c) under the Securities Exchange Act of 1934, as amended, and our insider trading policy.

There were no other Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K) adopted or terminated by any of our directors or executive officers during the first quarter of 2024.

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Avery Dennison Corporation