Santiago Divina Fe

Santiago Divina Fe, VP Controller at Avery Dennison Corporation (AVY), has demonstrated a consistent pattern of insider transactions focused exclusively on the company’s stock over the past three years, as reflected in SEC Form 4 filings. Divina Fe’s activity shows a clear bias toward acquiring shares, with total purchases valued at $160,047.90 compared to $66,875.76 in sales. The transactions, all involving AVY, follow an annual rhythm, with notable activity on March 1 of each year from 2024 to 2026. The buys, coded as "M" (market purchase), include transactions like $25,321.40 in 2026 and $23,569.56 in 2025, while sales, coded as "F" (tax liability), are smaller, such as $10,518.12 in 2026 and $9,727.12 in 2025. The filings reveal a structured approach, with Divina Fe executing multiple same-day transactions—typically a mix of sales to cover tax obligations and market purchases. For example, on March 1, 2026, sales totaling $10,518.12, $7,206.86, and $4,674.72 were paired with buys of $25,321.40, $17,335.42, and $11,297.24. This pattern repeats annually, suggesting a disciplined strategy tied to equity compensation or vesting schedules. While recent filings show no new transactions beyond March 2026, the historical data underscores a net accumulation of AVY shares, reinforcing a long-term holding stance. The absence of trades in other companies further highlights Divina Fe’s concentrated exposure to Avery Dennison.