Richard Joseph TREMBLAY - Feb 28, 2022 Form 4 Insider Report for Resolute Forest Products Inc. (RFP)

Role: SVP, operations
Signature: /s/ Stephanie Leclaire, as attorney-in-fact
Stock symbol: RFP
Transactions as of: Feb 28, 2022
Transactions value $: -$171,991
Form type: 4
Date filed: 3/2/2022, 03:01 PM
Previous filing: Feb 3, 2022
Next filing: Mar 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RFP	Common Stock	Tax liability	-$114K	-9.47K	-4%	$12.04	228K	Feb 28, 2022	Direct	F1
transaction	RFP	Common Stock	Options Exercise		+4.82K	+2.12%		232K	Feb 28, 2022	Direct	F2
transaction	RFP	Common Stock	Disposed to Issuer	-$58K	-4.82K	-2.07%	$12.04	228K	Feb 28, 2022	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	Dividend Equivalent Units	Options Exercise		-4.82K	-100%		0	Feb 28, 2022	Common Stock	4.82K		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 performance stock units.
F2	Represents additional Performance Share Units ("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 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 units withheld in respect of taxes on the settlement of performance stock units.

Represents additional Performance Share Units ("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 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.