Company: AVNT
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001122976-25-000019
Chunk: 53

Company: AVIENT CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 53
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 consideration of our competitive market pay philosophy discussed in the “Executive Compensation Philosophy and Objectives” section of this proxy statement and intended to reward the Named Executive Officers for achieving specific performance objectives. The awards granted for 2024 under the 2020 Plan were based upon our closing stock price on February 22, 2024. The accounting value of each award was determined using the grant date of the award, February 22, 2024.

The Compensation Committee approved the following decisions with respect to the individual long-term incentive opportunities (expressed as a percentage of base salary) of the Named Executive Officers for 2024, which were in effect as of February 22, 2024 (the grant date of our annual long-term incentive awards): Dr. Khandpur – 440%; Ms. Beggs – 185%; Mr. Rathbun – 160%; Mr. Pederson – 140%; and Mr. Garratt – 140%. Dr. Khandpur participated in this annual program for the first time in 2024 based on negotiations at the time he became an Avient officer. Ms. Sanders did not participate in these 2024 long-term incentive compensation program awards. In addition, as further described below, Mr. Garratt's outstanding long-term incentive awards were modified in connection with his 2024 retirement from the Company.

<div align='center'>PROXY STATEMENT 2025 | Annual Meeting of Shareholders 51</div>

#### COMPENSATION DISCUSSION AND ANALYSIS
Awards Granted in 2024 . The Compensation Committee elected to retain the same three compensation vehicles and weightings that we used in 2023 for the 2024 long-term incentive awards, which are listed below. We maintained this program design to continue to provide a balance between the relative values of the three compensation vehicles while efficiently using the shares available under the 2020 Plan. Of these three vehicles, the cash-settled performance units and the stock appreciations rights ("SARs") have performance conditions, as described in detail below. Both the cash-settled performance units and the SARs are additionally subject to time-based vesting as described in detail below. The restricted stock units (“RSUs”) are time-based awards that generally vest in their entirety on the third anniversary of the grant date.

On February 22, 2024, we granted awards under the 2020 Plan to all of our Named Executive Officers, with the exception of Ms. Sanders, who started with the Company after