Company: AVNT
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001122976-25-000019
Chunk: 68

Company: AVIENT CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 68
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olicitation covenants for an additional year, and his commitment to provide transition support to the Company, Avient modified certain SAR awards previously granted to Mr. Garratt that would have otherwise been forfeited under the terms of the applicable grant agreements. The values shown for the modified SARs represent the unvested portion of the following: 20,600 SARs originally granted on February 22, 2024 (row four), 18,800 SARs originally granted on February 17, 2023 (row five), and 16,000 SARs originally granted on February 14, 2022 (row six). The modifications were based upon the period of time that Mr. Garratt was employed by Avient from the original grant date of the award through July 22, 2024 (the modification date).

All Other Stock Awards: Number of Shares of Stock or Units (RSUs) (column (h))

(5) Grant of RSUs . This amount represents an April 29, 2024 grant of stock-settled RSUs to Ms. Sanders. The RSUs have dividend equivalent rights that entitle the grantee to dividend equivalents on each share of our common stock underlying the award equal to the dividend per share declared and paid on our issued and outstanding shares of common stock. The dividend equivalent rights are subject to the same restrictions as the underlying RSUs. This grant is is described in the "What We Pay and Why: Elements of Compensation" section of this proxy statement.

(6) Annual Grant of RSUs . These amounts represent stock-settled RSUs granted to the Named Executive Officers on February 22, 2024 as part of our 2024 long-term incentive award under the 2020 Plan, as further described in the “Awards Granted in 2024” section of the “Compensation Discussion and Analysis.” The RSUs have dividend equivalent rights that entitle the grantee to dividend equivalents on each share of our common stock underlying the award equal to the dividend per share declared and paid on our issued and outstanding shares of common stock. The dividend equivalent rights are subject to the same restrictions as the underlying RSUs.

(7) Modification of RSUs in Connection with Retirement . In consideration of Mr. Garratt's contributions to the Company, and in exchange for a release of claims from Mr. Garratt, an extension of Mr. Garratt's post-employment non-competition and non-solicitation covenants for an additional year, and his commitment to