Company: AVNT
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001122976-25-000019
Chunk: 65

Company: AVIENT CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 65
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column (f))
The amounts reported in the “Option Awards” column consist of, for 2024, stock-settled SARs (with time and performance based vesting requirements as well as a SAR appreciation cap) that were granted to the Named Executive Officers in 2024. The amounts reported for 2024 represent the grant date fair value of the SARs granted to each of the Named Executive Officers, calculated in accordance with FASB ASC Topic 718. Accordingly, this column includes amounts for awards that have not yet vested. For information regarding the assumptions used in determining the fair value of these awards, please refer to Note 13, Share-Based Compensation, in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. These awards are described more fully in the “What We Pay and Why: Elements of Compensation” section of this proxy statement. In addition, for Mr. Garratt, the amount reported for 2024 for this column includes the incremental fair value of his modified 2022, 2023 and 2024 SARs, as further described in a footnote to the table above and in narrative below.

Avient cautions that the amounts reported for these awards may not represent the amounts that the Named Executive Officers will actually realize from the awards. To what extent a Named Executive Officer realizes value will depend on our stock price and continued employment.

Non-Equity Incentive Plan Compensation (column (g))

The amounts reported in the “Non-Equity Incentive Plan Compensation” column for 2024 include amounts earned by Named Executive Officers (as applicable) under the 2024 Annual Incentive Program (and paid in February 2025), and for cash-settled performance units granted on February 14, 2022 under the 2022 – 2024 Long-Term Incentive Program (and paid in February 2025). The terms of the 2024 Annual Incentive Program and the 2022 – 2024 Long-Term Incentive Program cash-settled performance units are described more fully in the “What We Pay and Why: Elements of Compensation” section of this proxy statement. The payouts earned by the participating Named Executive Officers under both plans (as applicable) are below.

| Name                    |     | 2024 Annual IncentiveProgram 
                          ($) |     | 2022 – 2024Cash-Settled 
       Performance Units 
                     ($) |
| Ashish