Butier Mitchell R

Mitchell R. Butier, Avery Dennison's chief executive, shows one of the cleanest pure-compensation-monetization patterns in this dataset: across 494 recorded transactions at Avery Dennison since 2008, he has sold 965,611 shares and bought exactly zero on the open market. The pattern is systematic rather than opportunistic — a large cluster of option exercises and sales in March 2026 (roughly 32,994 shares sold across March 11-12 at prices between $169.71 and $174.53, worth an estimated $5.7 million) mirrors an almost identical cluster from March 2025 (about 21,037 shares sold at $181-$186, plus a large batch of option exercises and tax-withholding transactions on March 1). May 2026 brought a smaller, similar exercise-and-sell pair. The one genuinely new development: Butier appears twice in June and July 2026 with brand-new transactions at Kroger — a company where he had zero prior transaction history — suggesting a newly added board seat rather than any change to his long-running Avery Dennison equity program.