Kevin M. Kuznicki - Dec 29, 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
Dec 29, 2021
Transactions value $
$0
Form type
4
Date filed
1/3/2022, 11:46 AM
Previous filing
Nov 9, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRS Common Stock Award $0 +72.4 +0.37% $0.00 19.6K 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 72.37 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) 7,536.72 stock units vesting in three substantially equal annual installments beginning on May 5, 2022; and (ii) 12,044.51 stock units vesting in three substantially equal annual installments beginning on November 8, 2022.