AVNT Form 4: Director Jellison Adds Shares Through Deferred Comp Plan
Rhea-AI Filing Summary
Avient Corp (AVNT) director William R. Jellison reported a non-derivative acquisition on 09/30/2025. The filing shows 1,192 shares of common stock were acquired at a price of $0 under a dividend reinvestment feature of Avient's Deferred Compensation Plan for Non-Employee Directors, increasing his direct beneficial ownership to 23,814 shares. The filing also reports indirect beneficial ownership of 43,045.016 shares held under the Deferred Comp Plan. The Form 4 was signed by a power of attorney on 10/02/2025.
Positive
- Director increased ownership through dividend reinvestment, aligning interests with shareholders
- Clear disclosure of direct and indirect holdings (23,814 direct; 43,045.016 indirect)
Negative
- None.
Insights
TL;DR: Routine director reinvestment increases insider ownership modestly; no cash purchase or option exercise reported.
The transaction is a non-cash acquisition via dividend reinvestment into the company's common stock under the deferred compensation plan for non-employee directors. Such activity typically aligns director interests with shareholders and is a routine disclosure under Section 16. The direct holding after the transaction is 23,814 shares and an indirect holding of 43,045.016 shares is reported, both of which are explicit in the filing. There is no indication of derivative activity, cash consideration, or disposition.
TL;DR: Disclosure appears standard for a director receiving reinvested dividends; governance implications are neutral.
The filing documents an automatic reinvestment mechanism under the Deferred Compensation Plan, which commonly increases insider share ownership over time without active trading. The use of a power of attorney to sign the Form 4 is noted and permissible. All reported figures are specific to the plan and the director; the filing contains no red flags such as unexplained transfers, loans, or related-party sales.