Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AVNT | Stock Appreciation Rights | Award | $0 | +17.5K | $0.00 | 17.5K | Feb 22, 2024 | Common Stock | 17.5K | $39.27 | Direct | F1 | |
transaction | AVNT | Restricted Stock Units | Award | $0 | +5.4K | $0.00 | 5.4K | Feb 22, 2024 | Common Stock | 5.4K | Direct | F2 |
Id | Content |
---|---|
F1 | 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 $39.27 per share and no more than one-third of the grant can vest per year during the first three years. |
F2 | Each restricted stock unit represents a contingent right to receive one share of Avient common stock. |