M. John Midea Jr. - Aug 30, 2024 Form 4 Insider Report for AVIENT CORP (AVNT)

Role
SVP, Glbl Ops & Process Imprv
Signature
/s/ Robert K. James, Power of Attorney For: M. John Midea Jr.
Stock symbol
AVNT
Transactions as of
Aug 30, 2024
Transactions value $
-$299,098
Form type
4
Date filed
9/4/2024, 03:57 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 $407K +12K +42.15% $34.10 40.3K Aug 30, 2024 Direct
transaction AVNT Common Stock Tax liability -$460K -9.38K -23.26% $49.07 30.9K Aug 30, 2024 Direct
transaction AVNT Common Stock Options Exercise $520K +16.5K +53.35% $31.54 47.4K Aug 30, 2024 Direct
transaction AVNT Common Stock Tax liability -$623K -12.7K -26.76% $49.07 34.7K Aug 30, 2024 Direct
transaction AVNT Common Stock Options Exercise $584K +18.6K +53.41% $31.48 53.3K Aug 30, 2024 Direct
transaction AVNT Common Stock Tax liability -$728K -14.9K -27.89% $49.01 38.4K Aug 30, 2024 Direct
holding AVNT Common Stock 4.35K Aug 30, 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 -12K -100% $0.00 0 Aug 30, 2024 Common Stock 12K $34.10 Direct F2
transaction AVNT Stock Appreciation Rights Options Exercise $0 -16.5K -100% $0.00 0 Aug 30, 2024 Common Stock 16.5K $31.54 Direct F3
transaction AVNT Stock Appreciation Rights Options Exercise $0 -18.6K -100% $0.00 0 Aug 30, 2024 Common Stock 18.6K $31.48 Direct F4
* 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 August 30, 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 $34.10 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 $31.54 per share and no more than one-third of the grant can vest per year during the first three years.
F4 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 $31.48 per share and no more than one-third of the grant can vest per year during the first three years.