Joel R. Rathbun - 13 May 2021 Form 4 Insider Report for AVIENT CORP (AVNT)

Role: SVP, Mergers & Acquisitions
Signature: /s/ Lisa K. Kunkle, Power of Attorney For: Joel R. Rathbun
Issuer symbol: AVNT
Transactions as of: 13 May 2021
Net transactions value: -$638,702
Form type: 4
Filing time: 17 May 2021, 16:15:47 UTC
Next filing: 15 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVNT	Common Stock	Sale	$301,600	-5,773	-52%	$52.24	5,334	13 May 2021	Direct	F1
transaction	AVNT	Common Stock	Options Exercise	$87,660	+6,000	+112%	$14.61	11,334	13 May 2021	Direct
transaction	AVNT	Common Stock	Disposed to Issuer	$154,933	-2,936	-26%	$52.77	8,398	13 May 2021	Direct
transaction	AVNT	Common Stock	Options Exercise	$83,088	+3,600	+43%	$23.08	11,998	13 May 2021	Direct
transaction	AVNT	Common Stock	Disposed to Issuer	$114,511	-2,170	-18%	$52.77	9,828	13 May 2021	Direct
transaction	AVNT	Common Stock	Sale	$238,406	-4,494	-46%	$53.05	5,334	14 May 2021	Direct	F2
holding	AVNT	Common Stock						26,318	13 May 2021	Supplemental Plan	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AVNT	Stock Appreciation Rights	Options Exercise	$0	-6,000	-100%	$0.000000^*	0	13 May 2021	Common Stock	6,000	$14.61	Direct	F4
transaction	AVNT	Stock Appreciation Rights	Options Exercise	$0	-3,600	-100%	$0.000000^*	0	13 May 2021	Common Stock	3,600	$23.08	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sale price is a weighted average for the sale transactions. The sales prices range from a low of $51.95 per share to a high of $52.45. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, Avient Corporation or a security holder of Avient Corporation.
F2	The sale price is a weighted average for the sale transactions. The sales prices range from a low of $52.86 per share to a high of $53.22. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, Avient Corporation or a security holder of Avient Corporation.
F3	The information in this report is based on a plan statement as of May 13, 2021.
F4	SARs become exercisable and vest one-third on the attainment of 10%, 15% and 20% stock appreciation (which must be maintained for a minimum of thirty consecutive trading days) from the grant date closing price of $14.61 per share, with no more than one-third vesting per year during the first three years.
F5	SARs become exercisable and vest only upon the achievement of both price and time requirements. To vest, each one-third of the grant must attain 10%, 15% and 20% stock appreciation, respectively (which must be maintained for a minimum of thirty consecutive trading days) from the grant date closing price of $23.08 per share and no more than one-third of the grant can vest per year during the first three years.