Robert M. Patterson - May 7, 2021 Form 4 Insider Report for AVIENT CORP (AVNT)

Role
Chairman, President & CEO, Director
Signature
/s/ Lisa K. Kunkle, Power of Attorney For: Robert M. Patterson
Stock symbol
AVNT
Transactions as of
May 7, 2021
Transactions value $
-$10,817,133
Form type
4
Date filed
8/30/2021, 04:23 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 Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities -$6.37M -121K -100% $52.49 0 Aug 27, 2021 Supplemental Plan F1
transaction AVNT Common Stock Gift $0 -5K -1.28% $0.00 385K May 7, 2021 Direct F2
transaction AVNT Common Stock Options Exercise $2.55M +66.7K +17.31% $38.27 452K Aug 27, 2021 Direct
transaction AVNT Common Stock Disposed to Issuer -$2.97M -56.6K -12.53% $52.49 395K Aug 27, 2021 Direct
transaction AVNT Common Stock Options Exercise $2.63M +105K +26.61% $24.98 500K Aug 27, 2021 Direct
transaction AVNT Common Stock Disposed to Issuer -$3.91M -74.5K -14.89% $52.49 426K Aug 27, 2021 Direct
transaction AVNT Common Stock Options Exercise $4.03M +118K +27.75% $34.10 544K Aug 27, 2021 Direct
transaction AVNT Common Stock Disposed to Issuer -$4.99M -95.2K -17.49% $52.49 449K Aug 27, 2021 Direct
transaction AVNT Common Stock Options Exercise $2.64M +63K +14.04% $41.89 512K Aug 27, 2021 Direct
transaction AVNT Common Stock Disposed to Issuer -$2.94M -56K -10.93% $52.49 456K Aug 27, 2021 Direct
transaction AVNT Common Stock Options Exercise $3.23M +102K +22.43% $31.54 558K Aug 27, 2021 Direct
transaction AVNT Common Stock Disposed to Issuer -$4.18M -79.6K -14.25% $52.49 479K Aug 27, 2021 Direct
transaction AVNT Common Stock Options Exercise $1.81M +57.5K +12.01% $31.48 536K Aug 27, 2021 Direct
transaction AVNT Common Stock Disposed to Issuer -$2.35M -44.7K -8.34% $52.49 492K Aug 27, 2021 Direct 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 -66.7K -100% $0.00* 0 Aug 27, 2021 Common Stock 66.7K $38.27 Direct F4
transaction AVNT Stock Appreciation Rights Options Exercise $0 -105K -100% $0.00* 0 Aug 27, 2021 Common Stock 105K $24.98 Direct F5
transaction AVNT Stock Appreciation Rights Options Exercise $0 -118K -100% $0.00* 0 Aug 27, 2021 Common Stock 118K $34.10 Direct F6
transaction AVNT Stock Appreciation Rights Options Exercise $0 -63K -66.67% $0.00 31.5K Aug 27, 2021 Common Stock 63K $41.89 Direct F7
transaction AVNT Stock Appreciation Rights Options Exercise $0 -102K -66.67% $0.00 51.2K Aug 27, 2021 Common Stock 102K $31.54 Direct F8
transaction AVNT Stock Appreciation Rights Options Exercise $0 -57.5K -33.33% $0.00 115K Aug 27, 2021 Common Stock 57.5K $31.48 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an exempt intra-plan transfer (rule 16b-3(f)) by the reporting person of value out of the Avient stock fund and into one or more other investments under the Issuer's Supplemental Retiremet Benefit Plan pursuant to a pre-arranged trading plan.
F2 Includes shares acquired pursuant to dividend reinvestment.
F3 The listed SAR transactions were completed pursuant to a pre-arranged trading plan.
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 $38.27 per share and no more than one-third of the grant can vest 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 $24.98 per share and no more than one-third of the grant can vest per year during the first three years.
F6 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 $34.10 per share and no more than one-third of the grant can vest per year during the first three years.
F7 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 $41.89 per share and no more than one-third of the grant can vest per year during the first three years.
F8 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 $31.54 per share and no more than one-third of the grant can vest per year during the first three years.
F9 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 $31.48 per share and no more than one-third of the grant can vest per year during the first three years.