Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation

Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation

Increased process efficiency and formulated a solution that met rigorous medical application requirements

Notable new product advancements include ColorMatrix™ liquid fiber colorants that improve production efficiency and speed to market for textile applications, WithStand™ antimicrobial additives that help prevent surface bacteria, and Gravi-Tech™ high-density polymers that elevate the texture, feel and aesthetics of luxury packaging.

Examples include: • Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports; • Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy; PROXY SUMMARY 6 PROXY STATEMENT 2024 | Annual Meeting of Shareholders • Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint; • Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resources conservation and fiber optic / 5G network accessibility. COMPENSATION DISCUSSION AND ANALYSIS PROXY STATEMENT 2024 | Annual Meeting of Shareholders 49 The 2023 Corporate and Business Segment Annual Plan weightings reflect adjustments from 2022 as follows: Corporate Annual Incentive Program Measure 2022 Weighting 2023 Weighting Adjusted Operating Income (Consolidated) 60% 70% Working Capital as a % of Sales 20% 20% Sustainability Objectives 20% 10% Business Segment Annual Incentive Program Measure 2022 Weighting 2023 Weighting Adjusted Operating Income (Consolidated) 20% 10.5% Adjusted Operating Income (Business Segment results) 40% 59.5% Working Capital as a % of Sales (Business Segment results) 20% 20% Sustainability Objectives 20% 10% We set appropriate performance goals in 2023 under the 2023 Annual Incentive Program that focused our efforts on those factors that we believed were critical to our ongoing success, including earnings improvement, cash generation from working capital, efficiencies in our operations, and the advancement of sustainability initiatives. We maintained this program design to continue to provide a balance between the relative values of the three compensation vehicles while efficiently using the shares available under the 2020 Plan.

Advantages • These machines have an automatic mold slow-down at clamp • Stiffer clamp (spring factor) • Faster traversing • More energy efficient Disadvantages • Higher maintenance • Reduced control over clamp pressure • Measured by distance of clamping unit • More difficult to vary clamp pressure • Need to change position of moveable platen • Clamp pressure delivered to outside of mold • Limited opening strokes Hydro-Mechanical Load path passes through a column of oil.

TABLE OF CONTENTS INTRODUCTION OUR CODE OF CONDUCT RESPECT FOR ALL HONESTY AT WORK INTEGRITY IN OUR BUSINESS CORPORATE SOCIAL RESPONSIBILITY RESOURCES CODE OF CONDUCT | 11 Accurate Information, Data and Records Complete, accurate and reliable records are essential to good decisions and efficient operations.

Examples include: • Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports; • Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy; PROXY SUMMARY 6 PROXY STATEMENT 2024 | Annual Meeting of Shareholders • Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint; • Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resources conservation and fiber optic / 5G network accessibility. COMPENSATION DISCUSSION AND ANALYSIS PROXY STATEMENT 2024 | Annual Meeting of Shareholders 49 The 2023 Corporate and Business Segment Annual Plan weightings reflect adjustments from 2022 as follows: Corporate Annual Incentive Program Measure 2022 Weighting 2023 Weighting Adjusted Operating Income (Consolidated) 60% 70% Working Capital as a % of Sales 20% 20% Sustainability Objectives 20% 10% Business Segment Annual Incentive Program Measure 2022 Weighting 2023 Weighting Adjusted Operating Income (Consolidated) 20% 10.5% Adjusted Operating Income (Business Segment results) 40% 59.5% Working Capital as a % of Sales (Business Segment results) 20% 20% Sustainability Objectives 20% 10% We set appropriate performance goals in 2023 under the 2023 Annual Incentive Program that focused our efforts on those factors that we believed were critical to our ongoing success, including earnings improvement, cash generation from working capital, efficiencies in our operations, and the advancement of sustainability initiatives. We maintained this program design to continue to provide a balance between the relative values of the three compensation vehicles while efficiently using the shares available under the 2020 Plan.

This high level of performance is not achieved by stocking inventory; rather, it’s the result of consistent sales and operations planning, working capital management and efficiency resulting from a collection of LSS activities over the last five years. In the building and construction industry, plastic provides an economical and energy efficient replacement for other traditional materials in piping applications, siding, flooring, insulation, windows and doors, as well as structural and interior or decorative uses. In the short term, we will maintain our focus on top-line growth, improving or maintaining the cost/price relationship with regard to raw materials and improving working capital efficiency.

Our goal is to provide customers with specialized materials and solutions through our global footprint, broad market knowledge, technical expertise, product breadth, efficient manufacturing operations, a fully integrated information technology network and raw material procurement leverage. In the building and construction industry, plastic provides an economical and energy efficient replacement for other traditional materials in piping applications, siding, flooring, insulation, windows and doors, as well as structural and interior or decorative POLYONE CORPORATION2 uses. Long-term trends that currently provide opportunities to leverage our strategy include improving health and wellness, protecting the environment, globalizing and localizing and increasing energy efficiency.