Avient (NYSE: AVNT) grants SVP Michael Joseph 3,210 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Irwin Michael Joseph reported acquisition or exercise transactions in this Form 4 filing.
Avient Corp senior vice president Michael Joseph reported an equity award of restricted stock units. He was granted 3,210 restricted stock units, each representing a contingent right to receive one share of Avient common stock.
The award vests in three substantially equal installments on February 20, 2027, February 20, 2028, and February 20, 2029, subject to earlier vesting or termination under the grant agreement terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Irwin Michael Joseph
Role
SVP, New Bus Dev & Mktg Exc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,210 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,210 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Avient common stock. The restricted stock units vest in substantially equal installments on each of February 20, 2027, February 20, 2028 and February 20, 2029, unless earlier vested or terminated pursuant to the terms of the grant agreement.
FAQ
What did Avient (AVNT) executive Michael Joseph report on this Form 4?
Michael Joseph reported an award of 3,210 restricted stock units from Avient. These units are a form of equity compensation that can convert into Avient common shares over time, aligning his interests more closely with shareholders through stock-based incentives.
How many restricted stock units did Avient grant to Michael Joseph?
Avient granted Michael Joseph 3,210 restricted stock units. Each unit represents a contingent right to receive one share of Avient common stock, providing potential future ownership if vesting conditions under the grant agreement are satisfied over the scheduled vesting period.
When do Michael Joseph’s Avient restricted stock units vest?
The restricted stock units vest in three substantially equal installments on February 20, 2027, February 20, 2028, and February 20, 2029. Vesting can accelerate or terminate earlier if conditions in the grant agreement are met, affecting when shares may ultimately be delivered.
What does each restricted stock unit in this Avient (AVNT) grant represent?
Each restricted stock unit represents a contingent right to receive one share of Avient common stock. This means Joseph does not receive shares immediately; instead, shares may be delivered in the future if the vesting and other grant agreement conditions are satisfied.
Is Michael Joseph’s Avient Form 4 transaction a purchase or an award?
The transaction is an award, not an open-market purchase. It is coded as a grant or other acquisition of 3,210 restricted stock units, reflecting stock-based compensation granted by Avient rather than shares bought or sold in the public market.