Joel R. Rathbun - 08 Jan 2024 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: 08 Jan 2024
Net transactions value: -$2,905
Form type: 4
Filing time: 09 Jan 2024, 17:41:37 UTC
Previous filing: 08 Sep 2023
Next filing: 12 Feb 2024
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	$84,168	+2,400	+45%	$35.07	7,734	08 Jan 2024	Direct
transaction	AVNT	Common Stock	Disposed to Issuer	$87,073	-2,259	-29%	$38.54	5,475	08 Jan 2024	Direct
holding	AVNT	Common Stock						28,073	08 Jan 2024	Supplemental Plan	F1

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	Stock Appreciation Rights	Options Exercise	$0	-2,400	-100%	$0.000000^*	0	08 Jan 2024	Common Stock	2,400	$35.07	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The information in this report is based on a plan statement as of January 8, 2024.
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 thirty consecutive trading days) from the grant date closing price of $35.07 per share and no more than one-third of the grant can vest per year during the first three years.

Content

The information in this report is based on a plan statement as of January 8, 2024.

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 $35.07 per share and no more than one-third of the grant can vest per year during the first three years.