Director Butier Mitchell R sold 33,000 shares at Avery Dennison (AVY) for $5.7M over two days (2026-03-11/12), reducing stake by 14.3%.
Butier Mitchell R executed 8 separate sales totaling 33,000 shares for $5,707,208.74 at blended average price $172.95, reducing his holdings from 231,147 shares to 198,147 shares. The timing of this large, multi-tranche liquidation — executed over March 11–12 at prices ranging from $169.71 to $174.53 — occurs as the stock trades near recent weakness: current price $170.77 is -13.5% from the 52-week high of $197.45 and -11.4% over the prior 30 days. His cross-ticker track record shows a 100.00% well-timed rate on 20 prior sells with average 90-day return of -3.6%, but at AVY specifically, his 5 most recent trades (including sales on 2026-03-09 and 2026-03-10) lack measurable 30- and 90-day outcomes, making assessment of this ticker-specific pattern premature. The scale of the sale—14.3% of prior holdings—and its execution across a narrow price band during a period of stock underperformance relative to recent highs merit investor attention to any accompanying disclosures or forward guidance.