St. John Adam 4
4 · Verso Corp · Filed Aug 1, 2018
Insider Transaction Report
Form 4
Verso CorpVRS
St. John Adam
SVP - Manufacturing
Transactions
- Tax Payment
Class A Common Stock
2018-07-30$21.18/sh−669$14,169→ 62,988 total - Tax Payment
Class A Common Stock
2018-07-30$21.18/sh−216$4,575→ 16,852 total(indirect: By Spouse)
Footnotes (4)
- [F1]The reporting person surrendered to Verso Corporation 669 shares of Class A Common Stock in payment of the tax withholding liability arising from the vesting of 2,402 Stock Units.
- [F2]Consists of (i) 3,393 shares of Class A Common Stock, (ii) 2,403 Stock Units vesting on July 28, 2019, (iii) 42,373 Stock Units vesting in two substantially equal annual installments beginning on January 1, 2020, and (iv) 14,819 Stock Units vesting in two substantially equal annual installments beginning on January 1, 2021. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock. The reported Stock Units do not include (a) 42,373 Stock Units that will vest on or about January 1, 2020, if certain performance objectives established by the issuer have been met, and (b) 14,819 Stock Units that will vest on or about January 1, 2021, if certain performance objectives established by the issuer have been met.
- [F3]Mr. St. John's spouse surrendered to Verso Corporation 216 shares of Class A Common Stock in payment of the tax withholding liability arising from the vesting of 775 Stock Units.
- [F4]Consists of (i) 1,094 shares of Class A Common Stock, (ii) 775 Stock Units vesting on July 28, 2019, (iii) 11,101 Stock Units vesting in two substantially equal annual installments beginning on January 1, 2020, and (iv) 3,882 Stock Units vesting in two substantially equal annual installments beginning on January 1, 2021. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock. The reported Stock Units do not include (a) 11,102 Stock Units that will vest on or about January 1, 2020, if certain performance objectives established by the issuer have been met, and (b) 3,883 Stock Units that will vest on or about January 1, 2021, if certain performance objectives established by the issuer have been met.