Form 4: Avient Corp Executive Garratt Exercises Stock Appreciation Rights and Disposes of Shares

Michael A. Garratt, SVP, President CAI EMEA of Avient Corp, exercised stock appreciation rights and disposed of shares to cover tax obligations.

Summary

• On May 10, 2024, Michael A. Garratt, an SVP at Avient Corp, executed transactions involving common stock and stock appreciation rights (SARs).
• Garratt exercised SARs for 11,050 shares at a price of $41.89 and 9,200 shares at a price of $38.27.
• Following the exercise of SARs, Garratt disposed of 10,420 shares at $45.49 and 8,147 shares at $45.49 to satisfy tax obligations.
• After these transactions, Garratt directly owns 30,857 shares of Avient Corp common stock and indirectly owns 15,134.001 shares through a supplemental plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The disposal of shares to cover tax obligations is a normal part of executive compensation and is unlikely to have a significant impact on other stakeholders.

Key Dates