Patrice Minguez - Jan 1, 2023 Form 4 Insider Report for Resolute Forest Products Inc. (RFP)

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, 03:03 PM
Previous filing
Dec 19, 2022
Next filing
Feb 24, 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 Restricted Stock Units Award +14K 14K Jan 1, 2023 Common stock 14K 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 13,998 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. The restricted stock units vest, and settle in cash, in four equal annual installments beginning on December 1, 2023 (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.