Sawyer Kenneth D 4
4 · Verso Corp · Filed Jul 31, 2019
Insider Transaction Report
Form 4
Verso CorpVRS
Sawyer Kenneth D
Vice President - HR
Transactions
- Tax Payment
Class A Common Stock
2019-07-29$17.03/sh−618$10,525→ 73,750 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 2,218 Stock Units.
- [F2]Consists of (i) 4,682 shares of Class A Common Stock, (ii) 42,373 Stock Units vesting in two substantially equal installments beginning on January 1, 2020, (iii) 14,819 Stock Units vesting in two substantially equal annual installments beginning on January 1, 2021, and (iv) 11,876 Stock Units vesting in three substantially equal annual installments beginning on January 1, 2020. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock.