Avient (NYSE: AVNT) SVP converts 743 RSUs, withholds 261 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avient Corp senior vice president Michael Joseph Irwin reported equity award activity involving restricted stock units and common shares. On February 19, 2026 he exercised 743 restricted stock units, receiving 743 shares of Avient common stock at no cash cost, reflecting the conversion of these units into shares. In connection with the vesting, 261 common shares were withheld at a price of 42.5100 per share to cover tax obligations, leaving him with 508 common shares held directly after these transactions. The restricted stock units vest in substantially equal installments on each of February 19, 2026, 2027 and 2028, and include dividend equivalents earned on the vested units.
Positive
- None.
Negative
- None.
Insider Trade Summary
743 shares exercised/converted
Mixed
3 txns
Insider
Irwin Michael Joseph
Role
SVP, New Bus Dev & Mktg Exc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 743 | $0.00 | -- |
| Exercise | Common Stock | 743 | $0.00 | -- |
| Tax Withholding | Common Stock | 261 | $42.51 | $11K |
Holdings After Transaction:
Restricted Stock Units — 1,487 shares (Direct);
Common Stock — 769 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Avient common stock. Includes dividend equivalents earned with respect to the vested restricted stock units. 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. 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
What insider transactions did AVIENT CORP (AVNT) report for Michael Joseph Irwin?
Avient senior vice president Michael Joseph Irwin exercised 743 restricted stock units into 743 common shares and had 261 shares withheld to cover taxes. These equity transactions reflect vesting of previously granted awards rather than open-market purchases or sales.
How many AVIENT CORP (AVNT) RSUs did Michael Joseph Irwin convert into stock?
Michael Joseph Irwin converted 743 restricted stock units into 743 shares of Avient common stock. Each unit represents a contingent right to one share, and the conversion occurred on February 19, 2026 as part of his equity compensation vesting.
How do Michael Joseph Irwin’s AVIENT CORP (AVNT) restricted stock units vest over time?
His Avient restricted stock units vest in substantially equal installments on February 19, 2026, February 19, 2027 and February 19, 2028. Vesting can accelerate or terminate under the grant agreement, and the units earn dividend equivalents on vested amounts.
What does each AVIENT CORP (AVNT) restricted stock unit represent in this filing?
Each Avient restricted stock unit represents a contingent right to receive one share of Avient common stock. As the units vest, they convert into actual shares, often accompanied by dividend equivalents and potential share withholding for tax obligations.