Duncan Davies - Dec 31, 2021 Form 4 Insider Report for Resolute Forest Products Inc. (RFP)

Role: Director
Signature: Stephanie Leclaire, as attorney-in-fact
Stock symbol: RFP
Transactions as of: Dec 31, 2021
Transactions value $: $61,880
Form type: 4
Date filed: 1/4/2022, 05:13 PM
Previous filing: Dec 3, 2021
Next filing: Feb 17, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RFP	Deferred Stock Units	Award	$61.9K	+4.3K	+149.47%	$14.40	7.17K	Dec 31, 2021	Common Stock	4.3K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Resolute Forest Products Inc. (the "Company") awarded 4,297.50 deferred stock units, each a "DSU", to the reporting person, representing deferred director fees. Each DSU is the economic equivalent of one share of the Company's common stock. 3,906.25 DSUs were fully vested at the time of award, with the balance to vest proportionately on March 31 in each of the three years following the date of grant. Vested DSUs will settle and become payable in cash after the earliest of (i) death or (ii) December 15 of the year following the year of the reporting person's termination of service (subject to earlier settlement in certain circumstances).

Content

Resolute Forest Products Inc. (the "Company") awarded 4,297.50 deferred stock units, each a "DSU", to the reporting person, representing deferred director fees. Each DSU is the economic equivalent of one share of the Company's common stock. 3,906.25 DSUs were fully vested at the time of award, with the balance to vest proportionately on March 31 in each of the three years following the date of grant. Vested DSUs will settle and become payable in cash after the earliest of (i) death or (ii) December 15 of the year following the year of the reporting person's termination of service (subject to earlier settlement in certain circumstances).