Allen James Campbell - 29 Jun 2021 Form 4 Insider Report for Verso Corp

Signature
/s/ Brian J. Russell, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
29 Jun 2021
Net transactions value
$0
Form type
4
Filing time
01 Jul 2021, 15:02:46 UTC

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRS Common Stock Award $0 +196 +0.11% $0.000000 183,352 29 Jun 2021 Direct F1, F2
transaction VRS Common Stock Disposed to Issuer $0 -8,162 -4.5% $0.000000 175,189 30 Jun 2021 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Allen James Campbell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Consists of 195.82 stock units credited to the Reporting Person in the form of dividend equivalent units on stock units previously granted to the Reporting Person. These stock units will vest and become payable on the same terms as the original stock units to which they relate. Each stock unit represents the right, subject to vesting, to receive one share of common stock.
F2 Consists of: (i) 149,355 shares of common stock; (ii) 11,596.14 stock units vesting on January 1, 2022; (iii) 6,319.47 stock units vesting on January 1, 2022; and (iv) 16,081.81 stock units vesting in two substantially equal annual installments beginning on January 1, 2022.
F3 Consists of 8,161.82 stock units that were forfeited upon the Reporting Person's departure from Verso Corporation ("Verso") pursuant to the terms of the applicable award agreement and a retention arrangement approved by the Compensation Committee of Verso's board of directors.
F4 Consists of 175,189 shares of common stock. Stock units are rounded down to the nearest whole unit on the vesting date pursuant to the terms of the award agreements.