Weinhold Michael A. 4
4 · Verso Corp · Filed Feb 26, 2018
Insider Transaction Report
Form 4
Verso CorpVRS
Weinhold Michael A.
Senior Vice President of
Transactions
- Award
Class A Common Stock
2018-02-22+16,301→ 71,366 total
Footnotes (2)
- [F1]Consists of 16,301 Stock Units. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock. The Stock Units will vest as follows: (a) 8,150 Stock Units will vest on January 1, 2021; and (b) 8,151 Stock Units will vest on January 1, 2022. The reported Stock Units do not include 16,301 Stock Units that will vest on or about January 1, 2021, if certain performance objectives established by the issuer have been met.
- [F2]Consists of: (i) the 16,301 Stock Units described in footnote (1); (ii) 2,172 shares of Class A Common Stock; (iii) 6,283 Stock Units vesting in two substantially equal installments beginning on July 28, 2018; (iv) 23,305 Stock Units that will vest on January 1, 2020; and (v) 23,305 Stock Units that will vest on January 1, 2021. The reported Stock Units do not include: (a) 46,610 Stock Units that will vest on or about January 1, 2020, if certain performance objectives which have been established by the issuer have been met; and (b) the 16,301 Stock Units that will vest on or about January 1, 2021, if certain performance objectives established by the issuer have been met, as described in footnote (1).