St. John Adam 4
4 · Verso Corp · Filed Jul 31, 2019
Insider Transaction Report
Form 4
Verso CorpVRS
St. John Adam
SVP - Manufacturing
Transactions
- Tax Payment
Class A Common Stock
2019-07-29$17.03/sh−670$11,410→ 74,194 total - Tax Payment
Class A Common Stock
2019-07-29$17.03/sh−216$3,678→ 19,871 total(indirect: By Spouse)
Footnotes (4)
- [F1]The reporting person surrendered to Verso Corporation 670 shares of Class A Common Stock in payment of the tax withholding liability arising from the vesting of 2,403 Stock Units.
- [F2]Consists of (i) 5,126 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.
- [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) 1,653 shares of Class A Common Stock, (ii) 11,101 Stock Units vesting in two substantially equal installments beginning on January 1, 2020, (iii) 3,882 Stock Units vesting in two substantially equal annual installments beginning on January 1, 2021, and (iv) 3,235 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.