Lovins Gregory, SVP and CFO of Avery Dennison Corporation (AVY), has demonstrated a clear bias toward acquiring shares rather than divesting, based on SEC Form 4 filings. Over 39 reported transactions, Gregory has accumulated $7.37 million in stock purchases compared to $3.50 million in sales—a net buying ratio of roughly 2-to-1. The activity is concentrated exclusively in AVY, with no trades in other companies. Recent filings from March 2026 show a mix of open-market purchases (coded "M") and acquisitions through derivative transactions (coded "F"), including a $1.60 million open-market buy and a $694,975 derivative acquisition on March 1, 2026. Smaller transactions from the same date, such as a $247,371 open-market purchase and a $47,721 derivative acquisition, reinforce the pattern of steady accumulation.
The trend extends to the prior year, with March 2025 filings revealing similar behavior—notably a $467,463 open-market purchase alongside a $190,801 derivative acquisition. While Gregory’s sales are present, they are outweighed by buys in both volume and frequency. The absence of recent sales suggests a continued retention of holdings rather than profit-taking. The consistency across transaction types and years indicates a deliberate strategy of increasing exposure to AVY, though the filings do not disclose whether these moves are tied to compensation plans or discretionary investment decisions. The data reflects a long-term accumulation stance rather than short-term trading activity.
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