Avery Dennison CEO Mitchell Butier's 2018 pay slips 3% to $8.7M
Avery Dennison reports 2018 executive compensation
By ExecPay News
Published: March 8, 2019
Avery Dennison reported fiscal year 2018 executive compensation information on March 8, 2019.
In 2018, five executives at Avery Dennison received on average a compensation package of $3.7M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Avery Dennison
Mitchell R. Butier, Chief Executive Officer, received $8.7M in total, which decreased by 3% compared to 2017. 64% of Butier's compensation, or $5.6M, was in stock awards. Butier also received $1.7M in non-equity incentive plan, $1.1M in salary, as well as $254K in other compensation.
For fiscal year 2018, the median employee pay was $12,523 at Avery Dennison. Therefore, the ratio of Mitchell R. Butier's pay to the median employee pay was 695 to one.
Deon M. Stander, Vice President General Manager, RBIS, received a compensation package of $2.6M. 33% of the compensation package, or $870K, was in stock awards.
Gregory S. Lovins, Chief Financial Officer, earned $2.4M in 2018, a 2% decrease compared to previous year.
Georges Gravanis, President, LGM, received $2.4M in 2018, which increases by 5% compared to 2017.
Susan C. Miller, General Counsel, earned $2.1M in 2018, a 40% decrease compared to previous year.
Avery Dennison's fiscal year ends on January 2.
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Source: SEC filing on March 8, 2019.