Michael A. Garratt - May 10, 2024 Form 4 Insider Report for AVIENT CORP (AVNT)

Role
SVP, President CAI - EMEA
Signature
/s/ Robert K. James, Power of Attorney For: Michael A. Garratt
Stock symbol
AVNT
Transactions as of
May 10, 2024
Transactions value $
-$29,644
Form type
4
Date filed
5/14/2024, 03:18 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVNT Common Stock Options Exercise $463K +11.1K +37.88% $41.89 40.2K May 10, 2024 Direct
transaction AVNT Common Stock Tax liability -$474K -10.4K -25.9% $45.49 29.8K May 10, 2024 Direct
transaction AVNT Common Stock Options Exercise $352K +9.2K +30.87% $38.27 39K May 10, 2024 Direct
transaction AVNT Common Stock Tax liability -$371K -8.15K -20.89% $45.49 30.9K May 10, 2024 Direct
holding AVNT Common Stock 15.1K May 10, 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 -11.1K -100% $0.00* 0 May 10, 2024 Common Stock 11.1K $41.89 Direct F2
transaction AVNT Stock Appreciation Rights Options Exercise $0 -9.2K -100% $0.00* 0 May 10, 2024 Common Stock 9.2K $38.27 Direct F3
* 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 May 10, 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 $41.89 per share and no more than one-third of the grant can vest per year during the first three years.
F3 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 $38.27 per share and no more than one-third of the grant can vest per year during the first three years.