Kevin M. Kuznicki - Nov 8, 2021 Form 4 Insider Report for Verso Corp (VRS)

Role
SVP, GC & Sec.
Signature
/s/ Brian J. Russell, as Attorney-in-Fact
Stock symbol
VRS
Transactions as of
Nov 8, 2021
Transactions value $
$0
Form type
4
Date filed
11/9/2021, 12:09 PM
Previous filing
Sep 30, 2021
Next filing
Jan 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRS Common Stock Award $0 +12K +159.81% $0.00 19.5K Nov 8, 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.