M. John Midea Jr. - 12 Nov 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.
Issuer symbol
AVNT
Transactions as of
12 Nov 2021
Net transactions value
-$192,318
Form type
4
Filing time
15 Nov 2021, 15:21:04 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 Options Exercise $358,267 +9,100 +73% $39.37 21,576 12 Nov 2021 Direct
transaction AVNT Common Stock Disposed to Issuer $411,172 -6,949 -32% $59.17 14,627 12 Nov 2021 Direct
transaction AVNT Common Stock Options Exercise $297,262 +11,900 +81% $24.98 26,527 12 Nov 2021 Direct
transaction AVNT Common Stock Disposed to Issuer $436,675 -7,380 -28% $59.17 19,147 12 Nov 2021 Direct
holding AVNT Common Stock 4,067 12 Nov 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 -9,100 -100% $0.000000* 0 12 Nov 2021 Common Stock 9,100 $39.37 Direct F2
transaction AVNT Stock Appreciation Rights Options Exercise $0 -11,900 -100% $0.000000* 0 12 Nov 2021 Common Stock 11,900 $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.