Company: AVNT
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001122976-25-000019
Chunk: 59

Company: AVIENT CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 59
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 and perquisites for executive officers, including relocation services. Ms. Sanders is a party to a Management Continuity Agreement and participates in Avient’s Executive Severance Plan, and she is entitled generally to severance benefits under such arrangements pursuant to their terms, as further described below.

<div align='center'>PROXY STATEMENT 2025 | Annual Meeting of Shareholders 55</div>

#### COMPENSATION DISCUSSION AND ANALYSIS
Retirement of Mr. Garratt . On July 25, 2024, Mr. Garratt retired from the Company. See the “2024 Nonqualified Deferred Compensation” and “Potential Payments Upon Termination or Change of Control—Executive Transition Compensation” sections of this proxy statement for more information.

Departure of Mr. Rathbun . On February 21, 2025, Mr. Rathbun's service to the Company was terminated without cause due to the Company's change in strategic direction, which no longer requires the officer role in which he was serving. See the “Potential Payments Upon Termination or Change of Control—Executive Transition Compensation” section of this proxy statement for more information.

Tax Considerations . Cash compensation, such as base salary and annual incentive compensation, is taxable to the recipient as ordinary income when earned, unless deferred under a company-sponsored deferral plan. Deferrals under Internal Revenue Code tax-qualified plans, such as a 401(k) plan, do not affect our current tax deduction. Deferrals under supplemental executive deferral plans delay our tax deduction until the deferred amount (and any accumulation thereon) is paid. Stock-settled SARs are generally taxable as ordinary income when exercised, RSUs are generally taxable as ordinary income when they vest, and cash-settled performance units are generally taxable as ordinary income when paid. We generally realize a tax deduction at those specified times, except where limited by Code Section 162(m), which generally disallows a federal income tax deduction to publicly traded companies like Avient for compensation in excess of $1 million per year paid to certain current and former executive officers. The Compensation Committee reviews potential tax implications before making decisions regarding compensation.

Accounting Considerations . When reviewing preliminary recommendations and in connection with approving the terms of a given incentive plan period, management and the Compensation Committee review and consider the accounting implications of a given award, including the estimated expense and dilutive considerations. With consideration of the accounting treatment associated with an incentive plan design, management and the Compensation Committee may alter or modify the incentive award if the award (