Mitchell R. Butier is the former CEO and current Executive Chairman of Avery Dennison, a company he has been part of since 2000. He started as a Vice President and Controller and worked his way up the ranks. Butier holds...

Number of Employees

35K

Year

2023

Total Compensation

$1.41M

Salary

$1.18M

Board 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

$0.00

Board Justification

No annual incentive plan compensation was awarded for 2023 due to performance metrics not being met.

Other

$228.12K

Board Justification

Other compensation includes contributions to the deferred compensation plan, executive benefit allowance, and charitable contribution match.

Restricted Stock

$0.00(0 N/A)

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.

SEC Filing

From March 11, 2024