Cathy Dodd - 11 Feb 2022 Form 4 Insider Report for AVIENT CORP (AVNT)

Role: SVP, President Distribution
Signature: /s/ Lisa K. Kunkle, Power of Attorney For: Cathy Dodd
Issuer symbol: AVNT
Transactions as of: 11 Feb 2022
Net transactions value: -$32,795
Form type: 4
Filing time: 15 Feb 2022, 15:55:53 UTC
Previous filing: 07 May 2021
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		+1,713	+17%		11,814	11 Feb 2022	Direct	F1, F2
transaction	AVNT	Common Stock	Tax liability	$32,795	-623	-5.3%	$52.64	11,191	11 Feb 2022	Direct
holding	AVNT	Common Stock						3,734	11 Feb 2022	Savings Plan Trust	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	Restricted Stock Units	Options Exercise		-1,713	-100%		0	11 Feb 2022	Common Stock	1,713		Direct	F1
transaction	AVNT	Restricted Stock Units	Award	$0	+2,900		$0.000000	2,900	14 Feb 2022	Common Stock	2,900		Direct	F1
transaction	AVNT	Stock Appreciation Rights	Award	$0	+10,250		$0.000000	10,250	14 Feb 2022	Common Stock	10,250	$52.64	Direct	F4

* 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	Includes dividend equivalents earned with respect to the vested restricted stock units.
F3	The information in this report is based on a Avient Retirement Savings Plan statement as of February 11, 2022.
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 $52.64 per share and no more than one-third of the grant can vest per year during the first three years.