Daniel Ouellet - Dec 1, 2021 Form 4 Insider Report for Resolute Forest Products Inc. (RFP)

Role: SVP Human Resources
Signature: /s/ Stephanie Leclaire, as attorney-in-fact
Stock symbol: RFP
Transactions as of: Dec 1, 2021
Transactions value $: -$179,676
Form type: 4
Date filed: 12/3/2021, 03:00 PM
Previous filing: Nov 17, 2021
Next filing: Feb 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RFP	Common Stock	Tax liability	-$148K	-12.7K	-10.53%	$11.61	108K	Dec 1, 2021	Direct	F1
transaction	RFP	Common Stock	Options Exercise		+2.74K	+2.53%		111K	Dec 1, 2021	Direct	F2
transaction	RFP	Common Stock	Disposed to Issuer	-$31.8K	-2.74K	-2.47%	$11.61	108K	Dec 1, 2021	Direct

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	Restricted Stock Units	Options Exercise		-2.74K	-100%		0	Dec 1, 2021	Common Stock	2.74K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents units withheld in respect of taxes on the settlement of restricted stock units.
F2	Resolute Forest Products Inc. (the "Company") previously awarded the reporting person restricted stock units, each an "RSU". Each RSU represents the right to receive the economic equivalent of one share of Company common stock in cash upon settlement. In general, the RSUs vest and settle in cash in four equal annual installments beginning on December 1 following the grant date (subject to earlier settlement in certain circumstances). The reporting person settled 2,741 RSUs, which vested on December 1, 2021 for cash. This number includes 592 RSUs added in connection with the Company's payment of a special cash dividend on December 20, 2018 and on July 7, 2021.

Content

Represents units withheld in respect of taxes on the settlement of restricted stock units.

Resolute Forest Products Inc. (the "Company") previously awarded the reporting person restricted stock units, each an "RSU". Each RSU represents the right to receive the economic equivalent of one share of Company common stock in cash upon settlement. In general, the RSUs vest and settle in cash in four equal annual installments beginning on December 1 following the grant date (subject to earlier settlement in certain circumstances). The reporting person settled 2,741 RSUs, which vested on December 1, 2021 for cash. This number includes 592 RSUs added in connection with the Company's payment of a special cash dividend on December 20, 2018 and on July 7, 2021.