Avient CTO converts RSUs, withholds shares for taxes
Avient Corp senior vice president and chief technology officer Philip G. Clark Jr. reported equity award activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
Avient Corp senior vice president and chief technology officer Philip G. Clark Jr. reported equity award activity involving restricted stock units and common shares. On February 19, 2026, he exercised 936 restricted stock units, receiving an equal number of Avient common shares at $0.00 per share, reflecting the conversion of previously granted equity awards rather than an open-market purchase. In connection with this vesting, 329 common shares at $42.51 per share were withheld to cover tax obligations, a non-open-market, tax-withholding disposition. After these transactions, he directly holds 639 shares of common stock and 1,874 restricted stock units, which continue to vest in substantially equal installments on February 19 of 2026, 2027 and 2028, subject to the grant terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 936 | $0.00 | $0.00 |
| Exercise | Common Stock | 936 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 329 | $42.51 | $14K |
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of Avient common stock.
- F2. Includes dividend equivalents earned with respect to the vested restricted stock units.
- F3. Represents shares of Avient common stock that were withheld solely to satisfy the tax withholding obligation applicable to the vesting of restricted stock units on February 19, 2026.
- F4. The restricted stock units vest in substantially equal installments on each of February 19, 2026, February 19, 2027 and February 19, 2028, unless earlier vested or terminated pursuant to the terms of the grant agreement.
FAQ
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What did Avient (AVNT) executive Philip G. Clark Jr. report on this Form 4?
How many Avient (AVNT) restricted stock units did the CTO convert to common stock?
What are Philip G. Clark Jr.’s Avient (AVNT) equity holdings after these transactions?
How do the Avient (AVNT) restricted stock units held by the CTO vest over time?
Were the Avient (AVNT) insider transactions open-market buys or sells?
AI-generated analysis. How Rhea-AI works. Not financial advice.