Beggs Jamie A. 4
Research Summary
AI-generated summary
Avient (AVNT) CFO Jamie Beggs Receives Shares; Tax Withholding Sale
What Happened
- Jamie A. Beggs, Chief Financial Officer of Avient Corp (AVNT), had restricted stock units (RSUs) vest on February 19, 2026, resulting in the conversion/acquisition of 3,373 shares of Avient common stock. To satisfy tax withholding obligations, 1,518 of those shares were withheld (disposed) at $42.51 per share for total cash proceeds of $64,530. The filing shows the RSU conversion as a derivative exercise (code M) and the withholding as tax withholding (code F).
- Net shares received after withholding: 3,373 − 1,518 = 1,855 shares. This was a vesting/tax-withholding event, not an open-market sale or purchase.
Key Details
- Transaction date: February 19, 2026. Form filed February 23, 2026 (timely filing).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = tax withholding (shares withheld to satisfy taxes).
- Share counts and amounts: 3,373 RSUs converted to shares; 1,518 shares withheld at $42.51 each for $64,530. Exercise/conversion $ per-share shown as $0 (typical for RSU conversion).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Relevant footnotes: F1–F4 state these were RSUs (one RSU = one share), include dividend equivalents, withholding was solely to satisfy tax obligations, and the RSUs vest in equal installments on Feb 19 of 2026, 2027 and 2028.
Context
- This was a routine vesting event of RSUs with shares withheld to cover taxes (a common administrative transaction). The conversion shows $0 exercise price because RSUs convert to stock without an out‑of‑pocket exercise payment; withheld shares are not an indication of a sale for investment purposes.