Butier Mitchell R, Executive Chairman of Avery Dennison Corporation (AVY), has demonstrated a pronounced selling bias in recent transactions, with no recorded purchases in the latest filings. Over 60 reported trades, Butier has sold a total of $44.6 million worth of AVY shares while buying $26.1 million, reflecting a net reduction in holdings. The most recent activity, spanning March 5–12, 2026, includes 23 sales totaling millions in proceeds, with single transactions ranging from $9,107 to $2.3 million. Notably, on March 11 alone, Butier sold shares worth $3.4 million across three transactions, including a single sale of $2.3 million. The pattern suggests a steady unwinding of positions, with multiple sales per day—such as four separate dispositions on March 12 totaling over $2 million combined. The only non-sale transactions in the period were a March 1 filing for $1.1 million (code F, likely a gift or transfer) and a $1.9 million transaction (code M, likely an option exercise). The consistency and scale of these sales indicate a deliberate reduction in exposure to AVY, though the filings provide no context beyond the disclosed transactions.
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