Ashish K. K. - 22 Feb 2024 Form 4 Insider Report for AVIENT CORP (AVNT)

Role: President & CEO, Director
Signature: /s/ Robert K. James, Power of Attorney for Ashish K. Khandpur
Issuer symbol: AVNT
Transactions as of: 22 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 26 Feb 2024, 13:46:14 UTC
Previous filing: 03 Jan 2024
Next filing: 02 Apr 2024
SEC: View on sec.gov

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	+133,300		$0.000000	133,300	22 Feb 2024	Common Stock	133,300	$39.27	Direct	F1
transaction	AVNT	Restricted Stock Units	Award	$0	+41,200		$0.000000	41,200	22 Feb 2024	Common Stock	41,200		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.