https://www.avient.com/sites/default/files/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.pdf
PROXY STATEMENT 2023 | Annual Meeting of Shareholders 77
OUTSTANDING EQUITY AWARDS AT 2022 FISCAL YEAR-END
Option Awards Stock Awards
Grant Date
Exercisable
Unexercise-
able (1)
Unearned
(1)
Exercise
Price
Expiration
Date
Shares or
Units of
Stock that
have not
Vested (2)
Market Value
of Shares or
Units of
Stock that
have not
Vested
Unearned
Shares,
Units or
Other Rights
that have
not Vested (3)
Market or
Payout Value
of Unearned
Shares,
Units or
Other Rights
that have
not Vested
2/10/2020 — — — — — 59,071 1,994,237 — —
2/08/2021 — — — — — 46,178 1,558,969 — —
2/14/2022 — — — — — 39,116 1,320,556 — —
5/15/2014 — — — — — — — 58,845 1,986,607
2/14/2018 31,516 — — 41.89 2/14/2028 — — — —
2/11/2019 51,150 — — 31.54 2/11/2029 — — — —
2/10/2020 57,516 57,517 — 31.48 2/10/2030 — — — —
2/08/2021 59,233 118,467 — 42.27 2/08/2031 — — — —
2/14/2022 — — 134,700 52.64 2/14/2032 — — — —
8/24/2020 — — — — — 42,202 1,424,740 — —
2/08/2021 — — — — — 7,100 239,696 — —
2/14/2022 — — — — — 6,513 219,879 — —
2/08/2021 9,066 18,134 — 42.27 2/08/2031 — — — —
2/14/2022 — — 22,300 52.64 2/14/2032 — — — —
2/10/2020 — — — — — 6,764 228,353 — —
2/08/2021 — — — — — 5,274 178,050 — —
2/14/2022 — — — — — 4,667 157,558 — —
2/04/2015 9,200 — — 38.27 2/4/2025 — — — —
2/15/2017 13,250 — — 34.10 2/15/2027 — — — —
2/14/2018 11,050 — — 41.89 2/14/2028 — — — —
2/11/2019 18,200 — — 31.54 2/11/2029 — — — —
2/10/2020 13,100 6,550 — 31.48 2/10/2030 — — — —
2/08/2021 6,716 13,434 — 42.27 2/08/2031 — — — —
2/14/2022 — — 16,000 52.64 2/14/2032 — — — —
2/20/2020 — — — — — 7,302 246,516 — —
2/08/2021 — — — — — 5,639 190,373 — —
2/14/2022 — — — — — 5,282 178,320 — —
2/15/2017 12,100 — — 34.10 2/15/2027 — — — —
2/14/2018 11,500 — — 41.89 2/14/2028 — — — —
2/11/2019 19,250 — — 31.54 2/11/2029 — — — —
2/10/2020 14,133 7,067 — 31.48 2/10/2030 — — — —
2/08/2021 7,216 14,434 — 42.27 2/08/2031 — — — —
2/14/2022 — — 18,050 52.64 2/14/2032 — — — —
2/10/2020 — — — — — 6,605 222,985 — —
2/08/2021 — — — — — 5,274 178,050 — —
2/14/2022 — — — — — 4,667 157,558 — —
2/11/2014 2,400 — — 35.07 2/11/2024 — — — —
2/04/2015 2,500 — — 38.27 2/4/2025 — — — —
2/10/2016 10,400 — — 24.98 2/10/2026 — — — —
2/15/2017 10,100 — — 34.10 2/15/2027 — — — —
2/14/2018 10,400 — — 41.89 2/14/2028 — — — —
2/11/2019 17,150 — — 31.54 2/11/2029 — — — —
2/10/2020 12,800 6,400 — 31.48 2/10/2030 — — — —
2/08/2021 6,716 13,434 — 42.27 2/08/2031 — — — —
2/14/2022 — — 16,000 52.64 2/14/2032 — — — —
(1) Amounts in these columns represent stock-settled SARs that vest in one-third increments, with each one-third increment vesting on
the later of (a) the first, second and third anniversary of the grant date, respectively and (b) the achievement of a stock price hurdle
(based on Avient’s closing stock price and sustained for thirty consecutive trading days) applicable to that increment.
Each share is
entitled to one vote.
The PolyOne Corporation 2020 Equity and Incentive
Compensation Plan was effective as of the Effective Date.
https://www.avient.com/sites/default/files/2024-12/PKE grades for Powersports Application Bulletin.pdf
APPLICATION BULLETIN
IMPROVED CHEMICAL RESISTANCE
Engineered polyketone delivers excellent performance against aggressive chemicals, like H2SO4 for
batteries (Figure 1), and performs similarly to nylon against typical chemicals tested in powersports,
such as gasoline* (Figure 2).
Concentrated Acid - 30% H2SO4, 24 HRS, 23°C
Nylon samples were almost completely dissolved after one day, while the Edgetek PKE bars are still visible.
Edgetek™ PKE Glass-Filled Portfolio
Polyketone formulations with 20, 30, or 40%
short glass fiber reinforcement available in
natural or black
Complēt™ PKE Portfolio
Long fiber reinforced polyketone formulations
with 30, 40, or 50% fiber loading and available
in natural or black, and available in non-PFAS*
formulations to achieve a UL 94 V-0
flame rating at 1.5 mm
ET8900-0001 20GF NAT LGF30-PKE 1088 NAT
ET8900-0002 30GF NAT LGF30-PKE 2020 BLK
ET8900-0003 40GF NAT LGF40-PKE 1088 NAT
ET8900-0004 20GF BLK LGF40-PKE 2020 BLK
ET8900-0005 30GF BLK LGF50-PKE 1088 NAT
ET8900-0006 40GF BLK LGF50-PKE 2020 BLK
FEATURED PRODUCTS
* Non-PFAS flame-retardant (FR) grades are manufactured without
intentionally added PFAS-based raw materials.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Performance%2520Products%2520and%2520Solutions.pdf
HealthCare
Transportation
8%
Textiles
Target
Page 85
• Trend toward more
affordable housing
favors our product
1.5
2.0
2.5
Housing Starts
(in million units)
50 year average
Market Dynamics
• Ultimate housing
recovery presents
substantial upside to
already record-
setting results
Source: Historical Data from the US Census Bureau,
2012 estimate is a PolyOne projection.
0.0
0.5
1.0
'87 '89 '91 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12
Page 86
Value Proposition
• Premier provider of specialized vinyl and supply chain solutions, leading
the industry in innovation and service
Transformation Highlights
• Management upgrades ensure that each PP&S business
Value Proposition and Transformation Highlights
• Management upgrades ensure that each PP&S business
maximizes performance
• Asset realignment and Lean Six Sigma reduce costs
• Strengthened relationship with winning customers
• Increased differentiation in all business units
> $12B Addressable Market
Page 87
Key Differentiators
• Providing application design, material design
and / or process design assistance not available
from competitors
• Capability to improve joint value streams
• We are the best innovator in our space • We are the best innovator in our space
• Expanding customers’ opportunities
by providing innovative materials
and marketing ideas
• We provide world-class customer
service and delivery performance
Page 88
13.7% 14.3%
15.5%
9.9%
6.2%
5.4%
WC % of Sales
• Best-in-class working
capital management and
delivery performance
• Improved raw material
Areas of Focus – Operational Excellence
89.1%
92.0%
94.2%
93.4% 93.4% 94.0%
On-Time Delivery
• Improved raw material
positions, sourcing savings
• PolyOne pilot site for many
LSS and manufacturing
excellence programs
*As measured to customer request date
*
Page 89
• reFlexTM Bioplasticizers
Applications: Wide variety of flexible vinyl-based products
• GeonTM HC for Healthcare
� Applications: Medical device housings, specialty tubing
� Customer benefits: Withstand aggressive antiseptics
Key Innovations
� Applications: Wide variety of flexible vinyl-based products
� Customer benefits: Lower carbon footprint,
improved productivity
• GeonTM SF Super Flow
� Applications: Large appliance parts, molded siding panels
� Customer benefits: Flame retardancy, detergent resistance
Page 90
Critical Imperatives and 2015 Goal
Critical Imperatives
• Accelerate innovation - grow in new applications not
historically served with vinyl
• Drive continuous improvement in manufacturing and
working capital efficienciesworking capital efficiencies
• Selectively leverage construction recovery
2015 Goal
• 9 - 12% return on sales
Page 91
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