M. John Midea Jr. - Nov 12, 2021 Form 4 Insider Report for AVIENT CORP (AVNT)

Role
SVP, Glbl Ops & Process Imprv
Signature
/s/ Lisa K. Kunkle, Power of Attorney For: M. John Midea, Jr.
Stock symbol
AVNT
Transactions as of
Nov 12, 2021
Transactions value $
-$192,318
Form type
4
Date filed
11/15/2021, 03:21 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 $358K +9.1K +72.94% $39.37 21.6K Nov 12, 2021 Direct
transaction AVNT Common Stock Disposed to Issuer -$411K -6.95K -32.21% $59.17 14.6K Nov 12, 2021 Direct
transaction AVNT Common Stock Options Exercise $297K +11.9K +81.36% $24.98 26.5K Nov 12, 2021 Direct
transaction AVNT Common Stock Disposed to Issuer -$437K -7.38K -27.82% $59.17 19.1K Nov 12, 2021 Direct
holding AVNT Common Stock 4.07K Nov 12, 2021 Supplemental Plan F1

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 -9.1K -100% $0.00* 0 Nov 12, 2021 Common Stock 9.1K $39.37 Direct F2
transaction AVNT Stock Appreciation Rights Options Exercise $0 -11.9K -100% $0.00* 0 Nov 12, 2021 Common Stock 11.9K $24.98 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The information in this report is based on a plan statement as of November 12, 2021.
F2 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 a market value per share of $39.37 and no more than one-third of the grant can vest per year during the first three years.
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 $24.98 per share and no more than one-third of the grant can vest per year during the first three years.