Butier Mitchell R 4
4 · Avery Dennison Corp · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Avery Dennison (AVY) Director Mitchell R. Butier Sells Shares
What Happened
- Mitchell R. Butier, a director of Avery Dennison Corp (AVY), sold a total of 40,000 common shares in open-market transactions on March 5–6, 2026. The individual trades and reported weighted-average prices were:
- 10,633 shares @ $183.86 = $1,954,946
- 5,863 shares @ $185.01 = $1,084,724
- 2,543 shares @ $185.95 = $472,878
- 961 shares @ $186.51 = $179,237
- 12,944 shares @ $179.03 = $2,317,428
- 7,006 shares @ $179.63 = $1,258,521
- 50 shares @ $182.15 = $9,108
- Aggregate: 40,000 shares sold for approximately $7,276,842.
- These were sales (S) — typically regarded as routine insider selling rather than a purchase-based bullish signal.
Key Details
- Transaction dates: March 5, 2026 and March 6, 2026; Form 4 filed March 9, 2026 (timely).
- Reported proceeds: ~$7.28 million for 40,000 shares.
- Shares owned after transaction: not stated in the information provided in this summary.
- Notable footnotes:
- F1: Sales were made automatically under a Rule 10b5-1 trading plan adopted Nov 24, 2025 (plan allows up to 113,000 shares to be sold).
- F2–F7: Several transactions were executed in multiple trades; the filing lists weighted-average prices and provides price ranges for the component trades (ranges shown in the filing). The reporting person offers to provide full trade-by-trade details on request.
- Transaction type code: S = Sale.
Context
- Trades executed under a pre-established Rule 10b5-1 plan are typically routine and pre-scheduled, reducing the implication that the sales reflect new, nonpublic company information.
- No options were exercised, no gifts were reported, and the filing appears timely under Form 4 rules.
Insider Transaction Report
Form 4
Butier Mitchell R
Director
Transactions
- Sale
Common Stock
[F1][F2]2026-03-05$183.86/sh−10,633$1,954,946→ 300,514 total - Sale
Common Stock
[F1][F3]2026-03-05$185.01/sh−5,863$1,084,724→ 294,651 total - Sale
Common Stock
[F1][F4]2026-03-05$185.95/sh−2,543$472,878→ 292,108 total - Sale
Common Stock
[F1][F5]2026-03-05$186.51/sh−961$179,237→ 291,147 total - Sale
Common Stock
[F1][F6]2026-03-06$179.03/sh−12,944$2,317,428→ 278,203 total - Sale
Common Stock
[F1][F7]2026-03-06$179.63/sh−7,006$1,258,521→ 271,197 total - Sale
Common Stock
[F1]2026-03-06$182.15/sh−50$9,108→ 271,147 total
Holdings
- 4,312.495(indirect: Savings Plan)
Common Stock (Savings Plan)
Footnotes (7)
- [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 $183.355 - $184.345. 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 $184.4141 - $185.3998. 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 $185.4175 - $186.4158. 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 $186.4247 - $186.7251. 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 $178.395 - $179.380. 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 $179.410 - $180.080. 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|2026-03-09