Posted: 05/01/2025 11:25 am
Avery Dennison Corporation, a leader in the realm of materials science and digital identification solutions headquartered in Mentor, Ohio, has been making strategic strides in recent years. These efforts are reflected in both its financial performance and the compensation packages awarded to its executive leadership.
In 2024, the Executive Chairman received a total compensation of approximately $6.05 million, primarily driven by stock awards amounting to nearly $4.93 million. This compensation package is indicative of the company's strategy to incentivize its executives based on the company's stock performance, aligning their interests closely with those of the shareholders. The salary component was a flat $1 million, with additional perks and benefits contributing another $110,447 to the total compensation.[^1] This approach in executive compensation recognizes the chairman's role in steering the company through its strategic initiatives, despite not offering a bonus or option awards.
Comparatively, in 2021, the Chairman & Chief Executive Officer's total compensation reached roughly $12.43 million, a year marked by substantial stock performance achievements and incentive plan pay-outs of $3.36 million. That year, Avery Dennison witnessed significant executive gains from both direct salary and substantial stock awards, indicating a period of aggressive growth and high-level strategic execution.[^2]
In recent developments, Avery Dennison announced a 19% earnings growth for 2024, reinforcing the effectiveness of its compensation strategy, which aims to reward leadership for tangible improvements in financial performance[^3]. While the stock price has experienced slight declines recently, Avery Dennison’s financial outlook remains optimistic, with a strong record of earnings growth and strategic market expansions, particularly in the burgeoning smart card industry in Southeast Asia[^4][^5].
The corporation continues to innovate and expand its digital transformation efforts, as evidenced by its recent strategic reports and enterprise tech ecosystem initiatives. These expansions are aligned with global supply chain developments, promising long-term growth that is likely to positively impact future executive compensation structures[^6].
Avery Dennison appears to be leveraging its executive compensation to foster leadership that not only enhances shareholder value but also adapts to evolving industry demands. The focus remains on value creation through sustainable growth, reflected in both its financial achievements and management strategies.
[^1]: SEC Filings, Avery Dennison Corporation Executive Chairman 2024 Compensation. [SEC](https://www.sec.gov/Archives/edgar/data/8818/000119312525048919/0001193125-25-048919-index.htm)
[^2]: SEC Filings, Avery Dennison Corporation Chairman & Chief Executive Officer 2021 Compensation. [SEC](https://www.sec.gov/Archives/edgar/data/8818/000119312523066073/0001193125-23-066073-index.htm)
[^3]: Avery Dennison Q4 Earnings Call. [Seeking Alpha](https://seekingalpha.com/article/4753559-avery-dennison-corporation-avy-q4-2024-earnings-call-transcript)
[^4]: Recent News Headlines for Avery Dennison Corporation. [Zacks](https://www.zacks.com/stock/news/2407002/avery-dennison-q4-earnings-beat-estimates-rise-y-y-on-higher-volumes?cid=CS-STOCKNEWSAPI-FT-analyst_blog%7Cearnings_article-2407002)
[^5]: Vietnam Smart Card Market Report 2025. [GlobeNewswire](https://researchandmarkets.com)
[^6]: Avery Dennison Enterprise Digital Transformation Strategy Report. [GlobeNewswire](https://www.globenewswire.com)
