Irwin Michael Joseph 4

What Happened

• Irwin Michael Joseph, SVP, New Bus Dev & Mktg Exc at Avient, had 743 restricted stock units (RSUs) convert into 743 shares of Avient common stock on February 19, 2026. To satisfy tax withholding, 261 of those shares were withheld/disposed at $42.51 per share for a total withholding value of $11,095, leaving a net 482 shares issued to him.
• The filing shows the RSU conversion recorded as derivative exercise/conversion (code M) with an exercise price of $0.00 (typical for RSUs) and the tax withholding recorded under code F. This is a routine compensation-related issuance rather than an open-market purchase or sale.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (filed within required two business days).
• Shares converted: 743 RSUs → 743 shares; Shares withheld for taxes: 261 at $42.51 each = $11,095; Net shares issued to insider: 482.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.
• Footnotes: F1 = each RSU = right to one share; F2 = includes dividend equivalents on the vested RSUs; F3 = 261 shares withheld solely to satisfy tax withholding; F4 = RSUs vest in substantially equal installments on Feb 19, 2026, 2027 and 2028.
• Shares owned after the transaction are not specified in the provided filing details.

Context

• This was a standard RSU vesting event and tax-withholding by share retention (cashless withholding), not a voluntary sale or open-market transaction. Such withholding is common when equity awards vest.
• Because this was an award conversion rather than a purchase, it should be viewed as compensation recognition rather than a direct insider "buy" signal.