Michael A. Garratt - Jun 1, 2021 Form 4 Insider Report for AVIENT CORP (AVNT)

Role: SVP, President CAI - EMEA
Signature: /s/ Lisa K. Kunkle, Power of Attorney For: Michael A Garratt
Stock symbol: AVNT
Transactions as of: Jun 1, 2021
Transactions value $: -$495,801
Form type: 4
Date filed: 6/3/2021, 04:13 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	Options Exercise	$274K	+7.8K	+42.43%	$35.07	26.2K	Jun 1, 2021	Direct
transaction	AVNT	Common Stock	Disposed to Issuer	-$334K	-6.31K	-24.1%	$52.91	19.9K	Jun 1, 2021	Direct
transaction	AVNT	Common Stock	Options Exercise	$322K	+12.9K	+64.92%	$24.98	32.8K	Jun 1, 2021	Direct
transaction	AVNT	Common Stock	Disposed to Issuer	-$478K	-9.04K	-27.59%	$52.91	23.7K	Jun 1, 2021	Direct
transaction	AVNT	Common Stock	Sale	-$279K	-5.35K	-22.53%	$52.23	18.4K	Jun 2, 2021	Direct	F1
holding	AVNT	Common Stock						14.1K	Jun 1, 2021	Supplemental Plan	F2

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	-7.8K	-100%	$0.00^*	0	Jun 1, 2021	Common Stock	7.8K	$35.07	Direct	F3
transaction	AVNT	Stock Appreciation Rights	Options Exercise	$0	-12.9K	-100%	$0.00^*	0	Jun 1, 2021	Common Stock	12.9K	$24.98	Direct	F4

* 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 $51.97 per share to a high of $52.37. 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 information in this report is based on a plan statement as of June 1, 2021.
F3	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 $35.07 per share and no more than one-third of the grant can vest per year during the first three years.
F4	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 $24.98 per share and no more than one-third of the grant can vest per year during the first three years.