Company: AVNT
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001122976-25-000019
Chunk: 79

Company: AVIENT CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 79
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 amount of the award in cases of retirement, disability or death. In the case of involuntary termination following a change of control, all of these SAR awards reflect their full value. With respect to SARs granted in 2022, the table reflects a value of $0 for the SAR

<div align='center'>PROXY STATEMENT 2025 | Annual Meeting of Shareholders 70</div>

#### EXECUTIVE COMPENSATION
awards, as the 2022 SAR grants have not met any of the applicable stock price hurdles and the grant price in 2022 exceeds the December 31, 2024 closing stock price.

(5) Continuation of health and welfare benefits, or comparable benefits, are provided under the Executive Severance Plan in the event of an involuntary termination without cause or the Continuity Agreement in the event of an involuntary termination following a change of control.

(6) Continuation of financial planning benefits is provided under the terms of the Continuity Agreements.

(7) Severance benefits will either be reduced in the event that an excise tax would be imposed under Code Section 280G in an amount sufficient to eliminate the excise tax, or not reduced if it is determined that the best net treatment would be for such Named Executive Officers to pay any excise tax due.

(8) Mr. Garratt is not included in this table, as he retired from the Company on July 25, 2024.

Executive Transition Compensation

In connection with Mr. Garratt's retirement on July 25, 2024, he was entitled to retain his vested equity awards (governed by the standard terms of each award) and receive certain other benefits accrued and vested under the standard terms and conditions of the plans in which he participated. See the "2024 Nonqualified Deferred Compensation" section of this proxy statement for more information. 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 provide transition support to the Company, Mr. Garratt's outstanding and unvested long-term incentive awards were modified to waive the continued employment requirements for such awards (rather than having such awards continue to vest on just a pro-rata basis); such awards are otherwise governed by the standard terms of each award and tax code requirements, including any performance criteria. The incremental fair value