Stephanie Leclaire - Feb 2, 2022 Form 4 Insider Report for Resolute Forest Products Inc. (RFP)

Role: Chief Legal Officer
Signature: /s/ Isabelle Papillon, as attorney-in-fact
Stock symbol: RFP
Transactions as of: Feb 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/3/2022, 08:00 PM
Previous filing: Jan 7, 2022
Next filing: Mar 2, 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	Performance Share Units	Award		+10.3K			10.3K	Feb 2, 2022	Common Stock	10.3K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents the vesting of Performance Share Units ("PSUs") following the satisfaction of performance criteria. Each PSU represents the right to receive the economic equivalent of one share of Company common stock in cash upon settlement. The number includes 815 additional PSUs resulting from the adjustments on December 20, 2018 and on July 7, 2021 of outstanding unvested PSUs in connection with the payment of special cash dividends approved by the issuer's board of directors on October 31, 2018 and on June 10, 2021 respectively, pursuant to the terms of the applicable equity incentive plans. These additional PSUs will settle in cash and are subject to the original vesting schedule and performance criteria in place with respect to the PSUs giving rise to the award adjustments.

Content

Represents the vesting of Performance Share Units ("PSUs") following the satisfaction of performance criteria. Each PSU represents the right to receive the economic equivalent of one share of Company common stock in cash upon settlement. The number includes 815 additional PSUs resulting from the adjustments on December 20, 2018 and on July 7, 2021 of outstanding unvested PSUs in connection with the payment of special cash dividends approved by the issuer's board of directors on October 31, 2018 and on June 10, 2021 respectively, pursuant to the terms of the applicable equity incentive plans. These additional PSUs will settle in cash and are subject to the original vesting schedule and performance criteria in place with respect to the PSUs giving rise to the award adjustments.