Michael S. Rousseau - Jan 1, 2023 Form 4 Insider Report for Resolute Forest Products Inc. (RFP)

Role: Director
Signature: /s/ Stephanie Leclaire, as attorney-in-fact
Stock symbol: RFP
Transactions as of: Jan 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/4/2023, 03:02 PM
Previous filing: Feb 17, 2022
Next filing: Mar 3, 2023

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	Deferred Stock Units	Award		+6.02K	+8.91%		73.6K	Jan 1, 2023	Common Stock	6.02K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Resolute Forest Products Inc. (the "Company") awarded to the reporting person 6,020 deferred stock units, each a "DSU". Each DSU represents the right to receive the economic equivalent of one share of Company common stock in cash upon settlement. Twenty five percent of the awarded DSUs will vest on the last day of each calendar quarter in the current fiscal year. The vested DSU awards will settle in cash after the earliest of (i) death, (ii) disability or (iii) December 15 of the year following the year of the reporting person's termination of service (subject to earlier settlement in certain circumstances), and further subject to the applicable provisions of that certain Agreement and Plan of Merger, dated as of July 5, 2022, by and among, the Company, Domtar Corporation, Terra Acquisition Sub Inc., Karta Halten B.V., Pearl Merger Sub Inc. and Paper Excellence B.V., as previously disclosed in the definitive proxy statement on Schedule 14A filed with the SEC on September 20, 2022.

Content

Resolute Forest Products Inc. (the "Company") awarded to the reporting person 6,020 deferred stock units, each a "DSU". Each DSU represents the right to receive the economic equivalent of one share of Company common stock in cash upon settlement. Twenty five percent of the awarded DSUs will vest on the last day of each calendar quarter in the current fiscal year. The vested DSU awards will settle in cash after the earliest of (i) death, (ii) disability or (iii) December 15 of the year following the year of the reporting person's termination of service (subject to earlier settlement in certain circumstances), and further subject to the applicable provisions of that certain Agreement and Plan of Merger, dated as of July 5, 2022, by and among, the Company, Domtar Corporation, Terra Acquisition Sub Inc., Karta Halten B.V., Pearl Merger Sub Inc. and Paper Excellence B.V., as previously disclosed in the definitive proxy statement on Schedule 14A filed with the SEC on September 20, 2022.