Randy J. Nebel - Sep 28, 2021 Form 4 Insider Report for Verso Corp (VRS)

Role: President & CEO, Director
Signature: /s/ Brian J. Russell, as Attorney-in-Fact
Stock symbol: VRS
Transactions as of: Sep 28, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/30/2021, 01:45 PM
Previous filing: Jul 1, 2021
Next filing: Dec 28, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRS	Common Stock	Award	$0	+416	+0.4%	$0.00	105K	Sep 28, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of 415.85 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) 15,000 shares of common stock; (ii) 79,683.81 stock units vesting in three substantially equal annual installments beginning on January 1, 2022; and (iii) 10,019.3 vested stock units that will become deliverable after the first to occur of (a) the date on which the Reporting Person ceases to provide services to Verso Corporation as a director, or (b) the date on which a Change in Control (as defined) occurs.

Content

Consists of 415.85 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.

Consists of: (i) 15,000 shares of common stock; (ii) 79,683.81 stock units vesting in three substantially equal annual installments beginning on January 1, 2022; and (iii) 10,019.3 vested stock units that will become deliverable after the first to occur of (a) the date on which the Reporting Person ceases to provide services to Verso Corporation as a director, or (b) the date on which a Change in Control (as defined) occurs.