Nancy M. Taylor - Dec 29, 2021 Form 4 Insider Report for Verso Corp (VRS)

Role: Director
Signature: /s/ Brian J. Russell, as Attorney-in-Fact
Stock symbol: VRS
Transactions as of: Dec 29, 2021
Transactions value $: $0
Form type: 4
Date filed: 1/3/2022, 11:37 AM
Previous filing: Sep 30, 2021
Next filing: Mar 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRS	Common Stock	Award	$0	+59.3	+0.37%	$0.00	16K	Dec 29, 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 59.27 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	Consists of: (i) 5,979.87 stock units that will vest in full on the earliest to occur of the following: (a) May 6, 2022, (b) the date immediately preceding the date of the first annual meeting of Verso Corporation's stockholders that occurs immediately following May 6, 2021, or (c) the date on which a Change in Control (as defined) occurs; and (ii) 10,056.47 vested stock units that will become deliverable after the first to occur of (I) the date on which the Reporting Person ceases to provide services to Verso Corporation, or (II) the date on which a Change in Control (as defined) occurs.

Content

Consists of 59.27 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.

Consists of: (i) 5,979.87 stock units that will vest in full on the earliest to occur of the following: (a) May 6, 2022, (b) the date immediately preceding the date of the first annual meeting of Verso Corporation's stockholders that occurs immediately following May 6, 2021, or (c) the date on which a Change in Control (as defined) occurs; and (ii) 10,056.47 vested stock units that will become deliverable after the first to occur of (I) the date on which the Reporting Person ceases to provide services to Verso Corporation, or (II) the date on which a Change in Control (as defined) occurs.