St. John Adam 4
4 · Verso Corp · Filed Jan 3, 2020
Insider Transaction Report
Form 4
Verso CorpVRS
St. John Adam
SVP - Manufacturing
Transactions
- Tax Payment
Class A Common Stock
2020-01-01$18.03/sh−2,194$39,558→ 17,677 total(indirect: By Spouse) - Tax Payment
Class A Common Stock
2020-01-01$18.03/sh−7,883$142,130→ 71,934 total
Footnotes (4)
- [F1]The reporting person surrendered to Verso Corporation ("Verso") 7,883 shares of common stock to satisfy applicable tax withholding liability arising from the vesting of 26,960 stock units.
- [F2]Consists of (i) 24,203 shares of common stock, (ii) 21,187 stock units vesting on January 1, 2021, (iii) 14,819 stock units vesting in two substantially equal annual installments beginning on January 1, 2021, (iv) 7,957 stock units vesting in two substantially equal annual installments beginning on January 1, 2021, and (v) 3,768 stock units vesting in two substantially equal installments beginning on January 1, 2021. Each stock unit represents the right, subject to vesting, to receive one share of common stock.
- [F3]Mr. St. John's spouse surrendered to Verso 2,194 shares of common stock to satisfy applicable tax withholding liability arising from the vesting of 6,167 stock units.
- [F4]Consists of (i) 6,076 shares of common stock, (ii) 5,551 stock units vesting on January 1, 2021, (iii) 3,882 stock units vesting in two substantially equal annual installments beginning on January 1, 2021 and (iv) 2,168 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 common stock.