Sawyer Kenneth D 4
4 · Verso Corp · Filed Aug 1, 2018
Insider Transaction Report
Form 4
Verso CorpVRS
Sawyer Kenneth D
Vice President - HR
Transactions
- Tax Payment
Class A Common Stock
2018-07-30$21.18/sh−618$13,089→ 62,492 total
Footnotes (2)
- [F1]The reporting person surrendered to Verso Corporation 618 shares of Class A Common Stock in payment of the tax withholding liability arising from the vesting of 2,217 Stock Units.
- [F2]Consists of (i) 3,082 shares of Class A Common Stock, (ii) 2,218 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.