https://www.avient.com/sites/default/files/2025-03/2025 Proxy Statement.pdf
2025 Proxy Statement
Table of Contents Page
Letter to Shareholders i
Notice of 2025 Annual Meeting of Shareholders ii
Record Date ii
Voting Matters and Vote Recommendations ii
Proxy Statement 1
Proxy Summary 1
Voting and Meeting Information 1
Attendance and Participation 1
Who is Eligible to Vote 2
Advance Voting Methods 2
Voting During the Annual Meeting 3
Questions 3
Our Purpose and Strategic Framework 4
People 4
Products 5
Planet 5
Performance 6
Our Director Nominees and Committee Membership 6
Summary of Director Nominee Skills, Experience and Background 7
Governance Highlights 8
PROPOSAL 1—Election of Twelve Director Nominees to Our Board of
Directors
10
PROPOSAL 2—Approval, on an Advisory Basis, of Named Executive Officer
Compensation
23
PROPOSAL 3—Ratification of the Appointment of Ernst & Young LLP ("EY")
as Our Independent Registered Public Accountant
25
Independent Registered Public Accountant Services and Related Fee
Arrangements
25
Report of the Audit Committee 26
Corporate Governance 28
Director Independence 28
Board Leadership Structure 29
Majority Voting for Directors 29
Board Oversight of Risk 29
Board Oversight of ESG and Sustainability Matters 30
Code of Ethics, Code of Conduct and Corporate Governance Guidelines 31
Related Person Transactions 31
Communication with the Board 32
Board and Committees 32
Board Refreshment 37
Board Tenure 37
2024 Non-Employee Director Compensation 38
Non-Employee Director Compensation Highlights 38
Non-Employee Director Retainer and Meeting Fees 38
2024 Non-Employee Director Compensation Table 39
Fully Vested Deferred Shares 40
Ownership of Avient Shares 41
Beneficial Ownership of Our Common Shares 41
Stock Ownership Guidelines for Non-Employee Directors 42
Compensation Discussion and Analysis 43
Executive Summary 43
Executive Compensation Philosophy and Objectives 45
What We Pay and Why: Elements of Compensation 47
Other Aspects of Our Compensation Programs 54
Executive Compensation 59
2024 Summary Compensation Table 59
2024 Grants of Plan-Based Awards 62
Outstanding Equity Awards at 2024 Fiscal Year-End 64
2024 Option Exercises and Stock Vested 65
2024 Non Qualified Deferred Compensation 65
Potential Payments Upon Termination or Change of Control 66
CEO Pay Ratio Disclosure 71
Pay Versus Performance Disclosure 72
Compensation Committee Interlocks and Insider Participation 76
Risk Assessment of the Compensation Programs 76
Compensation Committee Report 76
Miscellaneous Provisions 77
Appendix A 80
In this proxy statement, statements that are not reported financial results or other historical information are “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995.
ii
Proxy Statement
We are providing the enclosed proxy materials to you in connection with the solicitation by the Board of
Directors (the “Board”) of Avient Corporation ("Avient," "Avient Corporation," or the “Company”) of proxies to
be voted at the Annual Meeting of Shareholders to be held on Wednesday, May 14, 2025 (the “Annual Meeting”),
and at any adjournments or postponements thereof.
Revoking a Proxy
If you are a shareholder of record, you may revoke your proxy before it is voted by: (i) sending a written notice to
our Secretary bearing a later date than the previously delivered proxy, stating that you revoke your proxy; (ii)
mailing a completed and signed proxy card bearing a later date than the previously delivered proxy; (iii) voting
by telephone or internet at a later date than the previously delivered proxy; or (iv) participating in the Annual
Meeting and voting electronically online during the Annual Meeting.
https://www.avient.com/sites/default/files/2022-05/DOC 1879.pdf
Or ‘POD’)
Distributing more than 3,500 grades of engineering and
commodity grade resins, including Avient-produced solutions,
Avient Distribution principally serves the North American and
Avient Distribution Service Centers
Romeoville, IL
Littleton, MA
Rancho Cucamonga, CA
Approved
Corporate : Template/Form
Document #: DOC-01879 Revision: 8
Document
Owners:
Brian Hoar Effective Date: May 13, 2022
Title: QF-02 Quality Standard Response
Page 8 of 19
Only the electronic version of this document in ETQ is the controlled version of the document.
https://www.avient.com/sites/default/files/2023-06/AVNT June IR Conferences w_Non GAAP Recs.pdf
WHAT WE DO: WE ARE A FORMULATOR
6
CUSTOM
FORMULATION
M AY 3 , 2023
W EB CAS T
Keeping Safety First
o Relentless focus on best-in-class safety performance as an
ACC Responsible Care® organization
Exceeding Customer Expectations
o Complementary technologies and customer relationships offer
opportunity for future revenue synergies
o Proven innovation-led commercial strategy with strong brands
and participation across the full value chain
Collaboration in Innovation
o Leveraging Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight and high
performance applications
People – Culture is Everything
o Talented, passionate and collaborative associates drive an
effective integration strategy
o Strong Great Places to Work® scores reflect positive
integration efforts in first year
AVIENT PROTECTIVE MATERIALS INTEGRATION
8
AVIENT PROTECTIVE MATERIALS
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders • Body Armor • Helmets •
Vehicle Protection
50%
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
30%
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
9
Figures reflect approximate proportions of 2022 sales
Q 1 P ER FO RM A N CE
Q1 2023 PERFORMANCE VS.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
POLYONE CORPORATION 19
PART II
ITEM 5.
The current margin percentage is (i) 1.00% per annum in the case of base rate
advances, (ii) 2.00% per annum in the case of LIBOR rate advances.
The current margin percentage is (i) 1.00% per
annum in the case of base rate advances, and (ii) 2.00% per annum in the case of LIBOR rate
advances.
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
Global Business Director, Americhem (a global manufacturer
specializing in custom color and additive solutions) from June 1994 to June 2005.
15POLYONE CORPORATION
PART II
ITEM 5.
Off-Balance Sheet Arrangements
We have no material off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K.
MINE SAFETY DISCLOSURES
PART II
ITEM 5.
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
WHAT WE DO: MATERIAL SCIENCE
5
CUSTOM
FORMULATION
M AY 3 , 2023
W EB CAS T
Keeping Safety First
o Relentless focus on best-in-class safety performance as an
ACC Responsible Care® organization
Exceeding Customer Expectations
o Complementary technologies and customer relationships offer
opportunity for future revenue synergies
o Proven innovation-led commercial strategy with strong brands
and participation across the full value chain
Collaboration in Innovation
o Leveraging Dyneema®, the world’s strongest fiber™, to
accelerate growth of sustainable, ultralight and high
performance applications
People – Culture is Everything
o Talented, passionate and collaborative associates drive an
effective integration strategy
o Strong Great Places to Work® scores reflect positive
integration efforts in first year
AVIENT PROTECTIVE MATERIALS INTEGRATION
7
AVIENT PROTECTIVE MATERIALS
K E Y I N D U S T R I E S
PERSONAL PROTECTION
Military • Law Enforcement • First
Responders • Body Armor • Helmets •
Vehicle Protection
50%
MARINE & SUSTAINABLE
INFRASTRUCTURE
Towing / Mooring • Aquaculture •
Floating Wind • Offshore Cranes
30%
CONSUMER
Consumer • Outdoor High Performance •
Safety Equipment
8 Figures reflect approximate proportions of 2022 sales
Q 1 P ER FO RM A N CE
Q1 2023 PERFORMANCE VS.
https://www.avient.com/industries/packaging/beverage-packaging/sports-and-energy
Aqueous Battery Gasket
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?ind[]=6596
LSR will generally withstand high levels of exposure to cleaning and disinfecting chemicals, but is susceptible to attacks by concentrated solvents (gasoline, mineral spirits) and acids (sulfuric acid, carbonic acid, citric acid found in car batteries, sodas and juices).¹
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?ind[]=6598
LSR will generally withstand high levels of exposure to cleaning and disinfecting chemicals, but is susceptible to attacks by concentrated solvents (gasoline, mineral spirits) and acids (sulfuric acid, carbonic acid, citric acid found in car batteries, sodas and juices).¹
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?ind[]=6601
LSR will generally withstand high levels of exposure to cleaning and disinfecting chemicals, but is susceptible to attacks by concentrated solvents (gasoline, mineral spirits) and acids (sulfuric acid, carbonic acid, citric acid found in car batteries, sodas and juices).¹