Lisa K. Kunkle - 11 Feb 2022 Form 4 Insider Report for AVIENT CORP (AVNT)

Role: SVP Gnrl Counsel & Secretary
Signature: /s/ Lisa K. Kunkle
Issuer symbol: AVNT
Transactions as of: 11 Feb 2022
Net transactions value: -$151,761
Form type: 4
Filing time: 15 Feb 2022, 16:19:12 UTC
Previous filing: 17 Nov 2021
Next filing: 14 Feb 2023
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		+6,150	+8.8%		76,213	11 Feb 2022	Direct	F1, F2
transaction	AVNT	Common Stock	Tax liability	$151,761	-2,883	-3.8%	$52.64	73,330	11 Feb 2022	Direct	F3
holding	AVNT	Common Stock						1,995	11 Feb 2022	Savings Plan Trust	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		-6,150	-100%		0	11 Feb 2022	Common Stock	6,150		Direct	F1
transaction	AVNT	Restricted Stock Units	Award	$0	+5,150		$0.000000	5,150	14 Feb 2022	Common Stock	5,150		Direct	F1
transaction	AVNT	Stock Appreciation Rights	Award	$0	+18,050		$0.000000	18,050	14 Feb 2022	Common Stock	18,050	$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 Avient Retirement Savings 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.