Weinhold Michael A. 4
4 · Verso Corp · Filed Aug 1, 2018
Insider Transaction Report
Form 4
Verso CorpVRS
Weinhold Michael A.
Senior Vice President of
Transactions
- Tax Payment
Class A Common Stock
2018-07-30$21.18/sh−899$19,041→ 70,467 total
Footnotes (2)
- [F1]The reporting person surrendered to Verso Corporation 899 shares of Class A Common Stock in payment of the tax withholding liability arising from the vesting of 3,141 Stock Units.
- [F2]Consists of (i) 4,414 shares of Class A Common Stock, (ii) 3,142 Stock Units vesting on July 28, 2019, (iii) 46,610 Stock Units vesting in two substantially equal annual installments beginning on January 1, 2020, and (iv) 16,301 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) 46,610 Stock Units that will vest on or about January 1, 2020, if certain performance objectives established by the issuer have been met, and (b) 16,301 Stock Units that will vest on or about January 1, 2021, if certain performance objectives established by the issuer have been met.