https://www.avient.com/sites/default/files/2022-03/Avient 2022 Proxy Statement.pdf
The
payout was earned based on the Companyʼs adjusted EPS performance over four equally-weighted
performance periods as noted below.
2019–2021 Cash-Settled Performance Units
Performance Measure: Adjusted EPS
Performance Periods Weighting Target Result Payout %
January 1, 2019 – December 31, 2019 25% $2.52 $2.42 71%
January 1, 2020 – December 31, 2020 25% $1.94 $1.90 95%
January 1, 2021 – December 31, 2021 25% $2.15 $3.05 193%
January 1, 2019 – December 31, 2021 25% $6.61 $7.37 143%
Total Attainment 125%
Adjusted EPS (threshold, target and maximum levels, and results) with respect to the incentives described
above was calculated with adjustments for acquisitions, divestitures and special items pursuant to the
terms of the 2019-2021 long-term incentive program (the “2019-2021 Long-Term Incentive Program”) and
as approved by the Compensation Committee.
Beggs joined the Company on August 24, 2020, after the grant date for these awards,
and therefore did not participate in the 2019-2021 Long-Term Incentive Program.
2019 – 2021 Cash-Settled Performance Units—Performance Measure: Adjusted EPS*
Performance Periods Weighting Threshold Target Maximum Result Payout %
January 1, 2019 –
December 31, 2019 25% $2.35 $2.52 $2.77 $2.42 71%
January 1, 2020 –
December 31, 2020 25% $1.58 $1.94 $2.50 $1.90 95%
January 1, 2021 –
December 31, 2021 25% $1.58 $2.15 $3.12 $3.05 193%
January 1, 2019 –
December 31, 2021 25% $5.51 $6.61 $8.39 $7.37 143%
Total Attainment 125%
* All financial measures (performance measures and results) reported in the table above were calculated with adjustments for acquisitions,
divestitures and special items (as noted on Appendix A) pursuant to the terms of the program and as approved by the Compensation Committee.
The global employee evaluation focused on each employeeʼs eligible earnings and annual target cash
incentive for the period January 1, 2021 to December 31, 2021.
https://www.avient.com/sites/default/files/2020-05/2.-polyone-ir-presenstation-wells-fargo-industrials-conference.pdf
On January 28, 2020, prior to the issuance of the additional shares, the
Company provided guidance for adjusted EPS for the first quarter of 2020.
Accordingly, for purposes of
comparability to the January 28, 2020 guidance, and prior year, management has referenced adjusted EPS excluding the impact of the additional shares issued in February.
Reconciliation to Adjusted EPS Excluding Special Items and Impacts of February 2020 Equity Offering
Three MonthsEnded
March 31, 2020
Net income from continuing operations – GAAP $ 33.1
Special items, after tax(1) 8.6
After tax interest income earned on equity proceeds, included in Interest expense, net (0.7)
Adjusted net income excluding special items and impact of interest income on equity proceeds $ 41.0
Diluted weighted-average shares used to compute earnings per common share 86.7
Weighted-average impact of 15.3 million shares issued in February 2020 equity offering (9.3)
Diluted weighted-average shares excluding impact of shares issued in February 2020 equity offering 77.4
Adjusted EPS - excluding special items and the net impact of equity offering $ 0.53
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to PolyOne shareholders and diluted adjusted earnings per share (EPS) from continuing
operations attributable to PolyOne shareholders, excluding special items, to assess performance and facilitate comparability of results.
https://www.avient.com/sites/default/files/2020-05/1.-polyone-ir-presenstation-fermium-research-chemicals-conference.pdf
On January 28, 2020, prior to the issuance of the additional shares, the
Company provided guidance for adjusted EPS for the first quarter of 2020.
Accordingly, for purposes of
comparability to the January 28, 2020 guidance, and prior year, management has referenced adjusted EPS excluding the impact of the additional shares issued in February.
Reconciliation to Adjusted EPS Excluding Special Items and Impacts of February 2020 Equity Offering
Three MonthsEnded
March 31, 2020
Net income from continuing operations – GAAP $ 33.1
Special items, after tax(1) 8.6
After tax interest income earned on equity proceeds, included in Interest expense, net (0.7)
Adjusted net income excluding special items and impact of interest income on equity proceeds $ 41.0
Diluted weighted-average shares used to compute earnings per common share 86.7
Weighted-average impact of 15.3 million shares issued in February 2020 equity offering (9.3)
Diluted weighted-average shares excluding impact of shares issued in February 2020 equity offering 77.4
Adjusted EPS - excluding special items and the net impact of equity offering $ 0.53
Reconciliation of Non-GAAP Financial Measures (Unaudited)
(Dollars in millions, except per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to PolyOne shareholders and diluted adjusted earnings per share (EPS) from continuing
operations attributable to PolyOne shareholders, excluding special items, to assess performance and facilitate comparability of results.
https://www.avient.com/news/polyone-announces-25-increase-quarterly-dividend
The $0.10 per share will be paid on January 7, 2015, to stockholders of record on December 15, 2014.
This reflects the rapid pace at which we have strengthened our financial performance, and underscores the confidence we have in our ability to continue to achieve accelerated earnings expansion into 2015 and beyond.”
You are advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.
https://www.avient.com/investor-center/news/avient-announces-fourth-quarter-and-full-year-2022-results
Earned fourth
Pro forma adjustment for January -
Pro forma adjustment for January -
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
From 2018 to 2020, Mr.
From 2020 to 2022, Mr.
Fearon's cash fees included amounts earned for his service as Lead Director (January 1, 2023 - November 30, 2023) and Non-Executive
Chairman (as of December 1, 2023)
https://www.avient.com/investor-center/news/avient-announces-first-quarter-2023-results
Earnings (loss) per share attributable to
Earnings (loss) per share attributable to
Diluted earnings per common share impact
https://www.avient.com/sites/default/files/2021-06/avient-ir-presentation-june-2021-w-non-gaap-recs_0.pdf
Big or small, we earn customers, and we keep them.
Aligned with leading reporting frameworks – GRI, SASB, TCFD.
Full
conformance will be built over subsequent reporting cycles
https://www.avient.com/news/avient-expand-color-concentrate-capabilities-vietnam
January 15, 2021
CLEVELAND – January 15, 2021 – Avient Corporation, a premier provider of specialized and sustainable material solutions and services, will complete an expansion of existing production capabilities for color concentrates at its Binh Duong site in Vietnam by next month.
NOTE: On July 1, 2020, PolyOne and Clariant Masterbatches joined together as Avient, a new kind of materials company focused on conquering customer challenges and unlocking the potential for innovation and sustainability around the globe.
https://www.avient.com/investor-center/news/polyone-announces-pricing-650-million-575-senior-notes-due-2025
April 29, 2020
April 29, 2020
May 13, 2020