Joel R. Rathbun - 17 Feb 2023 Form 4 Insider Report for AVIENT CORP (AVNT)

Role: SVP, Mergers & Acquisitions
Signature: /s/ Lisa K. Kunkle, Power of Attorney For: Joel R. Rathbun
Issuer symbol: AVNT
Transactions as of: 17 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Feb 2023, 10:54:44 UTC
Previous filing: 14 Feb 2023
Next filing: 08 Sep 2023
SEC: View on sec.gov

Quoteable Key Fact

"Joel R. Rathbun filed Form 4 for AVIENT CORP (AVNT) on 21 Feb 2023."

Quick Takeaways

This page summarizes Joel R. Rathbun's Form 4 filing for AVIENT CORP (AVNT).
2 reported transactions and 2 derivative rows are listed below.
Filing timestamp: 21 Feb 2023, 10:54.

What Changed

Previous filing in this sequence was filed on 14 Feb 2023.
Current net transaction value: $0.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

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	+6,850		$0.000000	6,850	17 Feb 2023	Common Stock	6,850		Direct	F1
transaction	AVNT	Stock Appreciation Rights	Award	$0	+23,250		$0.000000	23,250	17 Feb 2023	Common Stock	23,250	$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.

Content

Each restricted stock unit represents a contingent right to receive one share of Avient common stock.

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.