Avery Dennison CEO Mitchell Butier's 2020 pay rises 3% to $8.7M
Avery Dennison reports 2020 executive compensation
By ExecPay News
Published: March 5, 2021
Avery Dennison reported fiscal year 2020 executive compensation information on March 5, 2021.
In 2020, five executives at Avery Dennison received on average a compensation package of $3.5M, a 5% 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 increased by 3% compared to 2019. 64% of Butier's compensation, or $5.6M, was in stock awards. Butier also received $464K of change in pension value and nonqualified deferred compensation earnings, $1.3M in non-equity incentive plan, $1.1M in salary, as well as $183K in other compensation.
For fiscal year 2020, the median employee pay was $11,460 at Avery Dennison. Therefore, the ratio of Mitchell R. Butier's pay to the median employee pay was 760 to one.
Gregory S. Lovins, Chief Financial Officer, received a compensation package of $2.7M, which decreased by 1% compared to previous year. 46% of the compensation package, or $1.2M, was in stock awards.
Susan C. Miller, General Counsel, earned $2.5M in 2020, a 20% decrease compared to previous year.
Deon M. Stander, Vice President General Manager, RBIS, received $2M in 2020, which decreases by 7% compared to 2019.
Anne Hill, Former Senior Vice President Chief HR Officer, earned $1.8M in 2020.
Avery Dennison's fiscal year ends on January 2.
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Source: SEC filing on March 5, 2021.