St. John Adam 4
4 · Verso Corp · Filed Nov 13, 2019
Insider Transaction Report
Form 4
Verso CorpVRS
St. John Adam
SVP - Manufacturing
Transactions
- Award
Class A Common Stock
2019-11-11+5,623→ 79,817 total
Holdings
- 19,871(indirect: By Spouse)
Class A Common Stock
Footnotes (3)
- [F1]Consists of 5,623 Stock Units. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock. The Stock Units will vest as follows: (i) 33% on January 1, 2020; (ii) 33% on January 1, 2021; and (iii) 34% on January 1, 2022. The reported Stock Units do not include 5,623 Stock Units that will vest on or about January 1, 2022, if certain performance objectives established by the issuer have been met.
- [F2]Consists of: (i) the 5,623 Stock Units described in footnote (1); (ii) 5,126 shares of Class A Common Stock; (iii) 42,373 Stock Units vesting in two substantially equal installments beginning on January 1, 2020; (iv) 14,819 Stock Units vesting in two substantially equal installments beginning on January 1, 2021; and (v) 11,876 Stock Units vesting in three substantially equal installments beginning on January 1, 2020.
- [F3]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 installments beginning on January 1, 2021; and (iv) 3,235 Stock Units vesting in three substantially equal installments beginning on January 1, 2020.