Randy J. Nebel - Dec 27, 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: Dec 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/28/2021, 09:39 AM
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	+17.6K	+16.8%	$0.00	122K	Dec 27, 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 17,589 shares of common stock issued as payment of 50% of the Reporting Person's bonus under the 2021 Verso Incentive Plan, after applicable tax withholding. As disclosed in Verso Corporation's Form 8-K filed on December 21, 2021, on December 19, 2021, Verso Corporation's Board of Directors (the "Board"), pursuant to the recommendation of the compensation committee of the Board, approved payment in December 2021 of the estimated bonus due to the Reporting Person under the 2021 Verso Incentive Plan with respect to the 2021 performance year subject to recoupment or clawback (in whole or in part) in certain specified circumstances.
F2	Consists of: (i) 32,589 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 17,589 shares of common stock issued as payment of 50% of the Reporting Person's bonus under the 2021 Verso Incentive Plan, after applicable tax withholding. As disclosed in Verso Corporation's Form 8-K filed on December 21, 2021, on December 19, 2021, Verso Corporation's Board of Directors (the "Board"), pursuant to the recommendation of the compensation committee of the Board, approved payment in December 2021 of the estimated bonus due to the Reporting Person under the 2021 Verso Incentive Plan with respect to the 2021 performance year subject to recoupment or clawback (in whole or in part) in certain specified circumstances.

Consists of: (i) 32,589 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.