| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VRS | Common Stock | Award | $0 | +333 | +0.27% | $0.00 | 123K | Dec 29, 2021 | Direct | F1 |
| transaction | VRS | Common Stock | Tax liability | -$305K | -11.3K | -9.22% | $26.95 | 111K | Dec 29, 2021 | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | Consists of 332.84 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 | The reporting person surrendered to Verso Corporation 11,309 shares of common stock to satisfy applicable tax withholding arising from the vesting of 26,392 stock units, with a .61 fractional unit surrendered in connection with such vesting. 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") approved, pursuant to the recommendation of the compensation committee of the Board, acceleration of the vesting of the Reporting Person's stock units scheduled to vest on or before March 31, 2022, so that such stock units vested on December 29, 2021, subject to recoupment or clawback (in whole or in part) under certain specified circumstances. |
| F3 | Consists of: (i) 47,672 shares of common stock; (ii) 53,586.87 stock units vesting in three substantially equal annual installments beginning on January 1, 2023; and (iii) 10,056.47 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. |