Company: AVNT
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001122976-25-000019
Chunk: 67

Company: AVIENT CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 67
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ensation Discussion and Analysis." For purposes of this table and threshold level disclosure, we assumed that the lowest weighted portion of a metric achieved the threshold level of attainment. Additionally, negative discretion can be used to reduce the payment to zero. The actual amount earned by each Named Executive Officer for 2024 is included in the “Non-Equity Incentive Plan Compensation” column of the 2024 Summary Compensation Table of this proxy statement.

<div align='center'>PROXY STATEMENT 2025 | Annual Meeting of Shareholders 62</div>

#### EXECUTIVE COMPENSATION
(2) Cash-Settled Performance Units . The amounts located in the second row for each Named Executive Officer represent the cash-settled performance units 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.” Each performance unit is equal in value to $1.00. For purposes of this table and threshold level disclosure, we assumed that only one of the four performance periods achieved the threshold level of attainment.

Estimated Future Payouts Under Equity Incentive Plan Awards (columns (f) and (g))

(3) Stock Appreciation Rights . These amounts represent stock-settled SARs 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 SARs are subject to an appreciation cap of 200% of the initial grant date closing stock price. “Threshold” represents one-third of the SAR award, which is the amount that would be eligible to vest after achieving only the first stock price hurdle applicable to the award. Target refers to the number of shares underlying the SARs that will be eligible to vest upon satisfaction of all of the stock price hurdles applicable to the award. The SARs do not have a “maximum” level of attainment as a participant cannot receive SARs in excess of the initial award.

(4) Modification of Stock Appreciation Rights 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-s