Joel R. Rathbun - May 13, 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
Stock symbol
AVNT
Transactions as of
May 13, 2021
Transactions value $
-$638,702
Form type
4
Date filed
5/17/2021, 04:15 PM
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVNT Common Stock Sale -$302K -5.77K -51.98% $52.24 5.33K May 13, 2021 Direct F1
transaction AVNT Common Stock Options Exercise $87.7K +6K +112.49% $14.61 11.3K May 13, 2021 Direct
transaction AVNT Common Stock Disposed to Issuer -$155K -2.94K -25.9% $52.77 8.4K May 13, 2021 Direct
transaction AVNT Common Stock Options Exercise $83.1K +3.6K +42.87% $23.08 12K May 13, 2021 Direct
transaction AVNT Common Stock Disposed to Issuer -$115K -2.17K -18.09% $52.77 9.83K May 13, 2021 Direct
transaction AVNT Common Stock Sale -$238K -4.49K -45.73% $53.05 5.33K May 14, 2021 Direct F2
holding AVNT Common Stock 26.3K May 13, 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 -6K -100% $0.00* 0 May 13, 2021 Common Stock 6K $14.61 Direct F4
transaction AVNT Stock Appreciation Rights Options Exercise $0 -3.6K -100% $0.00* 0 May 13, 2021 Common Stock 3.6K $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.