Butier Mitchell R 4

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.