https://www.avient.com/sites/default/files/2023-03/2023 Avient Bookmarked Proxy Statement - FINAL.pdf
CORPORATE GOVERNANCE PROXY STATEMENT 2023 | Annual Meeting of Shareholders 49 Audit Committee—Primary Responsibilities and Requirements Meets with appropriate financial and legal personnel and independent auditors to review our corporate accounting, internal controls, financial reporting and compliance with legal and regulatory requirements NUMBER OF MEETINGS IN 2022: 7 Exercises oversight of our independent auditors, internal auditors and financial management Appoints the independent auditors to serve as auditors in examining our corporate accounts COMMITTEE MEMBERS: R.E.
The payment date will be a date in 2025 determined by the Compensation Committee (or its authorized delegate), which will occur no later than March 15, 2025.
Garratt 2/10/2020 — — — — — 6,764 228,353 — — 2/08/2021 — — — — — 5,274 178,050 — — 2/14/2022 — — — — — 4,667 157,558 — — 2/04/2015 9,200 — — 38.27 2/4/2025 — — — — 2/15/2017 13,250 — — 34.10 2/15/2027 — — — — 2/14/2018 11,050 — — 41.89 2/14/2028 — — — — 2/11/2019 18,200 — — 31.54 2/11/2029 — — — — 2/10/2020 13,100 6,550 — 31.48 2/10/2030 — — — — 2/08/2021 6,716 13,434 — 42.27 2/08/2031 — — — — 2/14/2022 — — 16,000 52.64 2/14/2032 — — — — L.K.
https://www.avient.com/sites/default/files/resources/PolyOne%25202017%2520Proxy%2520Statement.PDF
NOTICE OF 2017 ANNUALMEETING OF SHAREHOLDERS AND PROXY STATEMENT PolyOne Corporation TABLE OF CONTENTS MESSAGE FROM OUR CEO ............................................................................................................................................................................................i NOTICE OF 2017 ANNUAL MEETING OF SHAREHOLDERS..........................................................................................................................ii PROXY SUMMARY............................................................................................................................................................................................................1 PROXY STATEMENT .......................................................................................................................................................................................................5 PROPOSAL 1— ELECTION OF BOARD OF DIRECTORS .................................................................................................................................6 PROPOSAL 2— ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION .........................................11 PROPOSAL 3— ADVISORY VOTE TO APPROVE THE FREQUENCY OF FUTURE ADVISORY VOTES TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION .....................................................................................................12 PROPOSAL 4— APPROVAL OF THE POLYONE CORPORATION 2017 EQUITY AND INCENTIVE COMPENSATION PLAN .............................................................................................................................................................................13 PROPOSAL 5— RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM..................................................................................................................................................................................................................30 CORPORATE GOVERNANCE.....................................................................................................................................................................................33 2016 NON-EMPLOYEE DIRECTOR COMPENSATION....................................................................................................................................39 OWNERSHIP OF POLYONE SHARES.....................................................................................................................................................................41 COMPENSATION DISCUSSION AND ANALYSIS ...............................................................................................................................................43 Executive Summary....................................................................................................................................................................................43 Executive Compensation Philosophy and Objectives..................................................................................................................47 What We Pay and Why: Elements of Compensation ..................................................................................................................49 Other Aspects of Our Compensation Programs .............................................................................................................................55 EXECUTIVE COMPENSATION..................................................................................................................................................................................59 2016 Summary Compensation Table .................................................................................................................................................59 2016 Grants of Plan-Based Awards.....................................................................................................................................................62 Outstanding Equity Awards at 2016 Fiscal Year-End.................................................................................................................64 2016 Option Exercises and Stock Vested..........................................................................................................................................67 2016 Pension Benefits...............................................................................................................................................................................67 2016 Nonqualified Deferred Compensation ...................................................................................................................................68 Potential Payments Upon Termination or Change of Control .................................................................................................70 Compensation Committee Interlocks .................................................................................................................................................74 Policy on Related Person Transactions .............................................................................................................................................74 Risk Assessment of the Compensation Programs.........................................................................................................................74 Compensation Committee Report........................................................................................................................................................75 MISCELLANEOUS PROVISIONS...............................................................................................................................................................................76 APPENDIX A...................................................................................................................................................................................................................A-1 APPENDIX B...................................................................................................................................................................................................................B-1 MESSAGE FROM OUR CEO March 31, 2017 Dear Fellow Shareholder: You are cordially invited to attend the PolyOne Corporation Annual Meeting of Shareholders (the “Annual Meeting”), which will be held at 9:00 a.m. on Thursday, May 11, 2017, at PolyOne Corporation’s corporate headquarters located at PolyOne Center, 33587Walker Road, Avon Lake, Ohio 44012.
Outstanding Equity Att wards at 2016 Fiscal Year-End Option Exercise Price ($) ((e)) Option Expiration Date ((f))ff Market Value of Shares or Units of Stock That Have Not Vested ($) ((h)) Equity Incentivtt e Plan Awards: Market or Payout Value of Unearned Shares, Units ot r Othertt Rights ttt hatt t Have Not Vested ($) ((jj)) - - 8,510 (1) 272,660 - - - 24,671 (2) 790,459 - - - 35,272 (3) 1,130,115 - - - - 51,756 (6) 1,658,262 - - - 51,756 (6) 1,658,262 30,500 (8) 14.81 2/16/2021 - - 48,800 (9) 14.61 2/14/2022 - - 30,700 (10) 23.08 2//15//2023 - - 13,667 (11) 6,833 (11) 35.07 2//11//2024 - - 66,700 (12) 38.27 2//4//2025 - - 105,200 (13) 24.98 2/10/2026 - - - 7,266 (1) 232,803 - - - 6,892 (2) 220,820 - 8,426 (3) 269,969 - 11,600 (11) 5,800 (11) 35.07 2/11/2024 - 18,700 (12) 38.27 2//4//2025 - - 25,150 (13) 24.98 2//10//2026 - - - - 4,360 (1) 139,694 - - - 25,935 (4) 830,957 - - - 4,114 (2) 131,813 - - - 5,026 (3) 161,033 - - - - 25,935 (7) 830,957 13,700 (10) 23.08 2/15/2023 - - 6,934 (11) 3,466 (11) 35.07 2/11/2024 - - 11,200 (12) 38.27 2/4/2025 - - 15,000 (13) 24.98 2//10//2026 - - - - 3,222 (1) 103,233 - - - 2,593 (5) 83,080 - - - 3,395 (2) 108,776 - - - 4,316 (3) 138,285 5,200 (11) 2,600 (11) 35.07 2/11/2024 - - 9,200 (12) 38.27 2/4/2025 - - 12,900 (13) 24.98 2//10//2026 - - - - 3,634 (1) 116,433 - 3,500 (2) 112,140 - 4,569 (3) 146,391 - 23,300 (9) 14.61 2//14//2022 - - 13,700 (10) 23.08 2/15/2023 - 5,800 (11) 2,900 (11) 35.07 2/11/2024 - - 9,300 (12) 38.27 2/4/2025 - 13,550 (13) 24.98 2//10//2026 - - 37,760 (1) 1,209,830 - 137,000 (10) 23.08 2//15//2023 - 60,667 (11) 30,333 (11) 35.07 2/11/2024 - - - - S.D.