Christopher Pederson - Feb 11, 2022 Form 4 Insider Report for AVIENT CORP (AVNT)

Role: SVP, President SEM
Signature: /s/ Lisa K. Kunkle, Power of Attorney For: Christopher Pederson
Stock symbol: AVNT
Transactions as of: Feb 11, 2022
Transactions value $: -$93,383
Form type: 4
Date filed: 2/15/2022, 04:02 PM
Next filing: Jan 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVNT	Common Stock	Options Exercise		+5.35K	+1357.87%		5.74K	Feb 11, 2022	Direct	F1, F2
transaction	AVNT	Common Stock	Tax liability	-$93.4K	-1.77K	-30.88%	$52.64	3.97K	Feb 11, 2022	Direct	F3
holding	AVNT	Common Stock						3.33K	Feb 11, 2022	Savings Plan Trust	F4
holding	AVNT	Common Stock						2.15K	Feb 11, 2022	Supplemental Plan	F4

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		-5.35K	-100%		0	Feb 11, 2022	Common Stock	5.35K		Direct	F1
transaction	AVNT	Restricted Stock Units	Award	$0	+4.45K		$0.00	4.45K	Feb 14, 2022	Common Stock	4.45K		Direct	F1
transaction	AVNT	Stock Appreciation Rights	Award	$0	+15.7K		$0.00	15.7K	Feb 14, 2022	Common Stock	15.7K	$52.64	Direct	F5

* 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	Represents shares of Avient common stock that were withheld solely to satisfy the tax withholding obligation applicable to the vesting of restricted stock units on February 11, 2022.
F4	The information in this report is based on a plan statement as of February 11, 2022.
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 $52.64 per share and no more than one-third of the grant can vest per year during the first three years.