Randall C. Benson - Mar 31, 2022 Form 4 Insider Report for Resolute Forest Products Inc. (RFP)

Role
Director
Signature
/s/ Stephanie Leclaire, as attorney-in-fact
Stock symbol
RFP
Transactions as of
Mar 31, 2022
Transactions value $
$27,777
Form type
4
Date filed
4/4/2022, 05:07 PM
Previous filing
Feb 17, 2022
Next filing
Jul 5, 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 $27.8K +2.01K +1.98% $13.81 104K Mar 31, 2022 Common Stock 2.01K Direct F1, F2
* 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 2011.39 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. 1,828.39 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).
F2 Represents the aggregate of all DSUs for deferred director fees beneficially owned by the reporting person.