Butier Mitchell R 4
4 · Avery Dennison Corp · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Avery Dennison (AVY) Director Mitchell R. Butier Sells 33,000 Shares
What Happened
Mitchell R. Butier, a director of Avery Dennison Corp (AVY), sold a total of 33,000 shares in open-market transactions on March 11–12, 2026, generating approximately $5,707,208 in proceeds. The sales were reported at per-share weighted-average prices of $169.71–$174.53 across the trades (individual reported averages: $173.17, $173.98, $174.53, $169.71, $170.69, $171.80, $172.66, $173.50). These were sales (S) — typically considered routine dispositions rather than a bullish signal.
Key Details
- Transaction dates: March 11, 2026 (20,000 shares; ~$3,477,687) and March 12, 2026 (13,000 shares; ~$2,229,521). Total: 33,000 shares for ~$5.71M.
- Reported prices: weighted-average prices per reported lot as listed above; footnotes state many trades were executed in multiple fills with price ranges (see filing).
- Shares owned after transaction: not specified in the provided excerpt of the Form 4.
- Footnotes: Sales were executed automatically under a Rule 10b5-1 trading plan adopted Nov 24, 2025 (plan allows up to 113,000 shares). Several footnotes note that reported prices are weighted averages and that the filer will provide full trade-by-trade details on request.
- Timeliness: Form 4 filed Mar 13, 2026 covering trades on Mar 11–12, 2026 — filed within required reporting window (not marked late).
Context
- These were open-market sales (code S) done under a pre-established 10b5-1 plan — such plans are commonly used by insiders to sell on a set schedule and help avoid allegations of trading on material nonpublic information.
- Sales don't necessarily indicate a change in company outlook; purchases generally carry more weight as a bullish signal.
- If you want the exact execution prices and trade times, the reporting person says they will provide full details to the SEC, the issuer, or a security holder on request.
Insider Transaction Report
Form 4
Butier Mitchell R
Director
Transactions
- Sale
Common Stock
[F1][F2]2026-03-11$173.17/sh−4,123$714,000→ 227,024 total - Sale
Common Stock
[F1][F3]2026-03-11$173.98/sh−13,404$2,332,068→ 213,620 total - Sale
Common Stock
[F1][F4]2026-03-11$174.53/sh−2,473$431,619→ 211,147 total - Sale
Common Stock
[F1][F5]2026-03-12$169.71/sh−1,160$196,859→ 209,987 total - Sale
Common Stock
[F1][F6]2026-03-12$170.69/sh−4,979$849,863→ 205,008 total - Sale
Common Stock
[F1][F7]2026-03-12$171.80/sh−2,977$511,458→ 202,031 total - Sale
Common Stock
[F1][F8]2026-03-12$172.66/sh−3,027$522,653→ 199,004 total - Sale
Common Stock
[F1][F9]2026-03-12$173.50/sh−857$148,688→ 198,147 total
Holdings
- 4,312.495(indirect: Savings Plan)
Common Stock (Savings Plan)
Footnotes (9)
- [F1]The reported sale of shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 24, 2025, which provides for the potential total sale of up to 113,000 shares.
- [F2]Transaction executed in multiple trades at prices ranging from $172.450 - $173.435. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]Transaction executed in multiple trades at prices ranging from $173.450 - $174.445. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F4]Transaction executed in multiple trades at prices ranging from $174.455 - $174.720. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F5]Transaction executed in multiple trades at prices ranging from $169.070 - $170.065. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F6]Transaction executed in multiple trades at prices ranging from $170.135 - $171.105. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F7]Transaction executed in multiple trades at prices ranging from $171.190 - $172.1707. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F8]Transaction executed in multiple trades at prices ranging from $172.200- $173.1946. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F9]Transaction executed in multiple trades at prices ranging from $173.210 - $173.9214. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Signature
/s/ Vikas Arora attorney-in-fact for Mitchell R Butier|2026-03-13