Company: AVNT
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001122976-25-000019
Chunk: 56

Company: AVIENT CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 56
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2024 SARs grants, each of the 10%, 15% and 20% stock price performance hurdles were met in 2024. Therefore, the 2024 SARs grants will vest upon the satisfaction of the time-based vesting requirements mentioned above. The SARs have an exercise term of ten years. The SARs granted in 2024 to the Named Executive Officers are set forth in the 2024 Grants of Plan-Based Awards table of this proxy statement.

Substantially similar SARs with different exercise prices were granted to participating NEOs in both 2022 and 2023. For the SARs granted in 2022, none of the performance hurdles were achieved through 2024. For the SARs granted in 2023, the 10% and 15% stock price performance hurdles were achieved during 2024. The SARs granted in 2022, 2023 and 2024 to the Named Executive Officers are set forth in the Outstanding Equity Awards at 2024 Fiscal Year-End table of this proxy statement.

<div align='center'>PROXY STATEMENT 2025 | Annual Meeting of Shareholders 53</div>

#### COMPENSATION DISCUSSION AND ANALYSIS
Restricted Stock Units . RSUs are designed to promote share ownership and promote the retention of our executives. The RSUs generally vest on the third anniversary of the grant date and are set forth in the 2024 Grants of Plan-Based Awards table of this proxy statement.

Additional Award of Restricted Stock Units . On April 29, 2024, as part of her onboarding compensation package, we granted an award of 20,000 RSUs to Ms. Sanders. The RSUs generally vest on the third anniversary of the grant date and are set forth in the 2024 Grants of Plan-Based Awards table of this proxy statement. Ms. Sanders did not receive any other long-term incentive awards in 2024.

Actions Taken on Awards Granted in Prior Years . In February 2025, the Compensation Committee reviewed, certified and approved the attainment level of cash-settled performance units granted in 2022 for the three-year performance period of January 1, 2022 through December 31, 2024. The four, equally weighted performance periods listed below were used in order to drive annual as well as cumulative performance. The cash-settled performance units were earned by achieving performance goals related to our adjusted EPS over each performance period. For retention purposes, the performance units generally could not be