Jamie A. Beggs - 14 Feb 2022 Form 4 Insider Report for AVIENT CORP (AVNT)

Role: SVP & Chief Financial Officer
Signature: Lisa K. Kunkle, Power of Attorney for Jamie A. Beggs
Issuer symbol: AVNT
Transactions as of: 14 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 15 Feb 2022, 15:48:50 UTC
Next filing: 21 Feb 2023
SEC: View on sec.gov

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	Restricted Stock Units	Award	$0	+6,350		$0.000000	6,350	14 Feb 2022	Common Stock	6,350		Direct	F1
transaction	AVNT	Stock Appreciation Rights	Award	$0	+22,300		$0.000000	22,300	14 Feb 2022	Common Stock	22,300	$52.64	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Avient common stock.
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 the grant date closing price of $52.64 per share and no more than one-third of the grant can vest per year during the first three years.

Content

Each restricted stock unit represents a contingent right to receive one share of Avient common stock.

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 $52.64 per share and no more than one-third of the grant can vest per year during the first three years.