Company: AVNT
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001122976-25-000019
Chunk: 52

Company: AVIENT CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 52
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5%   |

*Adjusted operating income (performance measures and results) reported in the table above was calculated with adjustments for foreign exchange (as noted on Appendix A) pursuant to the terms of the awards and as approved by the Compensation Committee.

All 2024 Annual Incentive Program payouts aligned with the actual performance achieved. The awards were made in accordance with the 2020 Plan. The following table shows, for each Named Executive Officer, the target 2024 Annual Incentive Program payout opportunity (pro-rated in the case of Mr. Garratt due to his retirement in July 2024 and in the case of Ms. Sanders due to her joining the Company in April 2024), the percentage of such payout opportunity earned based on 2024 performance, and the dollar value of the actual payout:

| 2024 Annual Incentive Program Payouts |     |                             |     |            |     |            |
| Named Executive Officer               |     | 2024 Target Opportunity ($) |     | Payout (%) |     | Payout ($) |
| Ashish K. Khandpur                    |     |                   1,260,000 |     | 190.2%     |     |  2,396,520 |
| Jamie A. Beggs                        |     |                     444,980 |     | 190.2%     |     |    846,351 |
| Joel R. Rathbun                       |     |                     407,480 |     | 190.2%     |     |    775,026 |
| Amy M. Sanders                        |     |                     188,287 |     | 190.2%     |     |    358,122 |
| Christopher L. Pederson               |     |                     325,408 |     | 183.8%     |     |    598,101 |
| Michael A. Garratt                    |     |                     183,137 |     | 176.5%     |     |    323,236 |

Long-Term Incentive . We provide long-term incentive compensation to our Named Executive Officers to directly tie the interests of these individuals to the interests of our shareholders. We also believe that long-term incentive compensation is an important retention tool. The 2024 long-term incentive awards were granted under the 2020 Plan.

The individual long-term incentive target opportunities provided to our Named Executive Officers, which are reflected as a percentage of base salary, are typically established with