Lori Kilgour - Dec 1, 2022 Form 4 Insider Report for Resolute Forest Products Inc. (RFP)

Signature
/s/ Isabelle Papillon, as attorney-in-fact
Stock symbol
RFP
Transactions as of
Dec 1, 2022
Transactions value $
-$283,896
Form type
4
Date filed
12/5/2022, 08:00 PM
Previous filing
Mar 2, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RFP Common Stock Tax liability -$232K -11K -11.08% $21.15 88.2K Dec 1, 2022 Direct F1
transaction RFP Common Stock Options Exercise +2.44K +2.77% 90.6K Dec 1, 2022 Direct F2
transaction RFP Common Stock Disposed to Issuer -$51.6K -2.44K -2.69% $21.15 88.2K Dec 1, 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 Restricted Stock Unit Options Exercise -2.44K -100% 0 Dec 1, 2022 Common Stock 2.44K 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 2,440 RSUs, which vested on December 1, 2022 for cash. This number includes RSUs added in connection with the Company's payment of a special cash dividend on December 20, 2018, and on July 7, 2021.