Joel R. Rathbun - Feb 11, 2022 Form 4 Insider Report for AVIENT CORP (AVNT)

Role: SVP, Mergers & Acquisitions
Signature: /s/ Lisa K. Kunkle, Power of Attorney For: Joel R. Rathbun
Stock symbol: AVNT
Transactions as of: Feb 11, 2022
Transactions value $: -$142,391
Form type: 4
Date filed: 2/15/2022, 04:10 PM
Previous filing: May 17, 2021
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVNT	Common Stock	Options Exercise		+5.5K	+95.85%		11.2K	Feb 11, 2022	Direct	F1, F2
transaction	AVNT	Common Stock	Tax liability	-$142K	-2.71K	-24.07%	$52.64	8.53K	Feb 11, 2022	Direct	F3
holding	AVNT	Common Stock						26.7K	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		-5.5K	-100%		0	Feb 11, 2022	Common Stock	5.5K		Direct	F1
transaction	AVNT	Restricted Stock Units	Award	$0	+4.55K		$0.00	4.55K	Feb 14, 2022	Common Stock	4.55K		Direct	F1
transaction	AVNT	Stock Appreciation Rights	Award	$0	+16K		$0.00	16K	Feb 14, 2022	Common Stock	16K	$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.