M. John Midea Jr. - Feb 17, 2023 Form 4 Insider Report for AVIENT CORP (AVNT)

Signature
/s/ Lisa K. Kunkle, Power of Attorney For: M. John Midea, Jr.
Stock symbol
AVNT
Transactions as of
Feb 17, 2023
Transactions value $
$0
Form type
4
Date filed
2/21/2023, 10:45 AM
Previous filing
Feb 14, 2023
Next filing
Feb 12, 2024

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 +5.45K $0.00 5.45K Feb 17, 2023 Common Stock 5.45K Direct F1
transaction AVNT Stock Appreciation Rights Award $0 +18.4K $0.00 18.4K Feb 17, 2023 Common Stock 18.4K $42.93 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 twenty consecutive trading days) from the grant date closing price of $42.93 per share and no more than one-third of the grant can vest per year during the first three years.