Michael A. Garratt - Feb 22, 2024 Form 4 Insider Report for AVIENT CORP (AVNT)

Signature
/s/ Robert K. James, Power of Attorney For: Michael A. Garratt
Stock symbol
AVNT
Transactions as of
Feb 22, 2024
Transactions value $
$0
Form type
4
Date filed
2/26/2024, 01:59 PM
Previous filing
Feb 12, 2024
Next filing
May 14, 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 +20.6K $0.00 20.6K Feb 22, 2024 Common Stock 20.6K $39.27 Direct F1
transaction AVNT Restricted Stock Units Award $0 +6.4K $0.00 6.4K Feb 22, 2024 Common Stock 6.4K 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.