Randy J. Nebel - 27 Dec 2021 Form 4 Insider Report for Verso Corp

Role: President & CEO, Director
Signature: /s/ Brian J. Russell, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 27 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 28 Dec 2021, 09:39:51 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	+17,589	+17%	$0.000000	122,292	27 Dec 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.