Michael S. Rousseau - Jul 7, 2021 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: Jul 7, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/9/2021, 06:00 PM
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		+4.46K	+8.5%		56.9K	Jul 7, 2021	Common Stock	4.46K		Direct	F1, F2
transaction	RFP	Dividend Equivalent Units	Award		+5.53K	+56.87%		15.3K	Jul 7, 2021	Common Stock	5.53K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Represents additional Deferred Stock Units (DSUs) resulting from the adjustment pursuant to the terms of the Resolute Forest Products Equity Incentive Plan and the 2019 Resolute Forest Products Equity Incentive Plan on July 7, 2021 of outstanding unvested DSUs in connection with the payment of the special cash dividend approved by the board of directors of Resolute Forest Products, Inc. (the "Company") on June 10, 2021. These additional DSUs are subject to the original vesting schedule in place with respect to the underlying DSUs. 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 corrected aggregate of all cash-settled DSUs for deferred director fees beneficially owned by the reporting person.
F3	The Dividend Equivalent Units (DEUs) accrued on outstanding unvested DSUs pursuant to the terms of the Resolute Forest Products Equity Incentive Plan in connection with the payment on July 7, 2021 of the special dividend approved by the Company's board of directors on June 10, 2021. These DEUs are subject to the original vesting schedule in place with respect to the underlying DSUs and will settle in cash after the earliest of (i) death, (ii) disability or (iii) December 15 of the year following the year of the reporting person's termination of service.
F4	Represents the aggregate of all Dividend Equivalent Units beneficially owned by the reporting person.