Patrice Minguez - Jul 7, 2021 Form 4 Insider Report for Resolute Forest Products Inc. (RFP)

Role
President, Tissue Group
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
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RFP Common Stock Award +9.7K +6.63% 156K Jul 7, 2021 Direct F1

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 Dividend Equivalent Units Award +1.06K +56.87% 2.91K Jul 7, 2021 Common Stock 1.06K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents additional Restricted Stock Units (RSUs) 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 RSUs in connection with the payment of the special cash dividend approved by the board of directors of Resolute Forest Products Inc. on June 10, 2021. These additional RSUs are subject to the original vesting schedule in place with respect to the underlying RSUs giving rise to the award adjustment.
F2 The Dividend Equivalent Units (DEUs) accrued on outstanding unvested Restricted Share Units (RSUs) pursuant to the terms of the Resolute Forest Products Equity Incentive Plan and the 2019 Resolute Forest Products Equity Incentive Plan in connection with the payment on July 7, 2021 of the special dividend approved by the board of directors of Resolute Forest Products Inc. on June 10, 2021. These DEUs are subject to the original vesting schedule in place with respect to the underlying RSUs and will settle in cash.
F3 The total of column 9 has been adjusted to correct an administrative error.