Kevin M. Kuznicki - 08 Nov 2021 Form 4 Insider Report for Verso Corp

Role
SVP, GC & Sec.
Signature
/s/ Brian J. Russell, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
08 Nov 2021
Net transactions value
$0
Form type
4
Filing time
09 Nov 2021, 12:09:08 UTC
Previous filing
30 Sep 2021
Next filing
03 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRS Common Stock Award $0 +12,000 +160% $0.000000 19,509 08 Nov 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 12,000 stock units. Each stock unit represents the right, subject to vesting, to receive one share of common stock. The stock units vest as follows: (i) 33% on November 8, 2022; (ii) 33% on November 8, 2023; and (iii) 34% on November 8, 2024.
F2 Consists of: (i) the 12,000 stock units described in footnote (1); and (ii) 7,508.86 stock units vesting in three substantially equal annual installments beginning on May 5, 2022.