Form 4: Avient Corp Director Neil Green Reports Stock Acquisitions Through Dividend Reinvestment
SEC Form 4 Filing
Director Neil Green reports acquiring shares of Avient Corp through dividend reinvestment in both direct and deferred compensation plan holdings.
Summary
- On March 29, 2024, Neil Green, a director of Avient Corporation, acquired 404 shares of common stock directly through dividend reinvestment at a price of $0 per share, resulting in a total direct holding of 4,693.614 shares.
- On the same date, Green also acquired 404 shares indirectly through the Avient Corporation Deferred Compensation Plan for Non-Employee Directors, also via dividend reinvestment at $0 per share, bringing the total indirect holding to 4,714.53 shares.
- A Power of Attorney was executed on January 24, 2024, granting Jamie A. Beggs, Kristen A. Gajewski, Robert K. James, and Lorraine E. Gaulding the authority to act on behalf of Neil Green in matters related to SEC filings.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects routine transactions related to dividend reinvestment, which is a common practice. There are no indications of significant positive or negative events.
Positives
- The director's increased stake in the company through dividend reinvestment could be seen as a positive signal.
Industry Context
Directors acquiring shares through dividend reinvestment is a common practice and reflects a continued investment in the company's future.
Stakeholder Impact
- The increased holdings by a director may have a slightly positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 2021-08-06 | Original Power of Attorney filed with the SEC. |
| 2024-01-24 | Instrument of Substitution of Attorney-in-Fact executed. |
| 2024-03-29 | Date of transaction: Acquisition of shares through dividend reinvestment. |
| 2024-04-01 | Date of Form 4 signature. |
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