Joel R. Rathbun - Feb 22, 2024 Form 4 Insider Report for AVIENT CORP (AVNT)

Role: SVP, Mergers & Acquisitions
Signature: /s/ Robert K. James, Power of Attorney For: Joel R. Rathbun
Stock symbol: AVNT
Transactions as of: Feb 22, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/26/2024, 01:57 PM
Previous filing: Feb 12, 2024
Next filing: Aug 9, 2024

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	Award	$0	+25.4K		$0.00	25.4K	Feb 22, 2024	Common Stock	25.4K	$39.27	Direct	F1
transaction	AVNT	Restricted Stock Units	Award	$0	+7.85K		$0.00	7.85K	Feb 22, 2024	Common Stock	7.85K		Direct	F2

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

Explanation of Responses:

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.

Content

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.

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