In 2023, Mitchell R. Butier earned $1.41M in total compensation at Avery Dennison, primarily from $1.18M salary. Most recently sold 17,108 shares in Aug 2024. Currently holds stock worth $53.07M. Has donated $1.49M in stock to charitable causes. Led Avery Dennison as CEO for 7 years.
Compensation History
Annual executive compensation data for Mitchell R. Butier, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.41M
Salary
$1.18M
Bonus
$0.00
Other
$228.12K
Salary
$1.18MBoard Justification
The compensation philosophy emphasizes pay for performance, aligning executive compensation with the achievement of challenging financial targets and long-term value creation for stockholders.
Bonus
$0.00Board Justification
No annual incentive plan compensation was awarded for 2023 due to performance metrics not being met.
Other Compensation
$228.12KBoard Justification
Other compensation includes contributions to the deferred compensation plan, executive benefit allowance, and charitable contribution match.
Restricted Stock
Board Justification
No stock grants were vested in 2023 as the focus was on performance-based awards that are tied to future performance metrics.
Performance Metrics
Performance metrics for 2023 included company cumulative EVA and relative TSR, which were not met, resulting in no annual incentive compensation.
Mitchell R. Butier
Ex-CEO of Avery Dennison
Education
Bachelor's degree in Finance from the University of Southern California
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Industrials
Born
January 1, 1971 - 54 years ago
CEO of Avery Dennison for
7 years 3 months (May 2016 - Aug 2023)
Previous Experience
Various leadership roles within Avery Dennison Corporation
Holdings
Track Mitchell R. Butier's stock holdings and portfolio value over time.
Total Stock Sold
$61.52M
$61.52M
469,259 AVY shares
What if they kept their stock?
If Mitchell R. Butier didn't sell their stock, today they would have:
Extra AVY469,259 shares worth $82.10M.
This is 33.46% and $20.58M more than what they got when they sold the stock.
Charitable Transactions
8,500 shares
AVY
Recent Charitable Transactions
1,900 shares
AVY
Aug 25, 2021
Charity
100 shares
AVY
May 21, 2020
Charity
3,000 shares
AVY
May 20, 2020
Charity
2,000 shares
AVY
Jul 25, 2019
Charity
500 shares
AVY
Oct 31, 2017
Charity
1,000 shares
AVY
May 3, 2016
Charity
Insider Trading
Mitchell R. Butier's recent stock transactions, purchases, and sales filed with the SEC.
$3.71M
AVY at $216.83/share
Aug 22, 2024
Sale
$4.27M
AVY at $213.26/share
Aug 20, 2024
Sale
$4.25M
AVY at $212.54/share
Aug 16, 2024
Sale
$2.74M
AVY at $210.88/share
Aug 14, 2024
Sale
$1.24M
AVY at $207.28/share
Aug 12, 2024
Sale
$1.24M
AVY at $206.08/share
Aug 8, 2024
Sale
$1.23M
AVY at $205.29/share
Aug 6, 2024
Sale
$2.69M
AVY at $207.02/share
Aug 2, 2024
Sale
$4.31M
AVY at $215.65/share
Jul 31, 2024
Sale
$4.29M
AVY at $214.28/share
Jul 29, 2024
Sale
Rivals
Compare Mitchell R. Butier with competitor CEOs and industry peers.
Timothy M. Knavish
CEO of PPG Industries
2023 Compensation
Stock
$1.24M
Salary
$1.20M
Bonus
$2.21M
Other
$0.00
Total Holdings
$1.28M
Mark W. Sheahan
CEO of Graco
2023 Compensation
Stock
$0.00
Salary
$985.00K
Bonus
$1.30M
Other
$26.76K
Total Holdings
$110.45K
Judith F. Marks
CEO of Otis Worldwide
2023 Compensation
Stock
$2.82M
Salary
$1.37M
Bonus
$0.00
Other
$432.84K
Total Holdings
$3.34M
Mark J. Costa
CEO of Eastman Chemical
2022 Compensation
Stock
$1.00
Salary
$1.00
Bonus
$1.00
Other
$1.00
Total Holdings
$302.03K
Keith J. Allman
CEO of Masco
2023 Compensation
Stock
$11.02M
Salary
$1.27M
Bonus
$2.66M
Other
$214.78K
Total Holdings
$7.65M