4//SEC Filing
St. John Adam 4
Accession 0000899243-20-001301
CIK 0001421182other
Filed
Jan 15, 7:00 PM ET
Accepted
Jan 16, 2:49 PM ET
Size
12.2 KB
Accession
0000899243-20-001301
Insider Transaction Report
Form 4
Verso CorpVRS
St. John Adam
SVP - Manufacturing
Transactions
- Award
Class A Common Stock
2020-01-14+16,653→ 34,330 total(indirect: By Spouse) - Tax Payment
Class A Common Stock
2020-01-14$16.56/sh−4,663$77,219→ 29,667 total(indirect: By Spouse) - Award
Class A Common Stock
2020-01-14+63,559→ 135,493 total - Tax Payment
Class A Common Stock
2020-01-14$16.56/sh−22,581$373,941→ 112,912 total
Footnotes (6)
- [F1]Consists of 63,559 shares of common stock acquired upon the vesting of 42,373 performance-based stock units granted on October 12, 2017. The performance conditions applicable to the award were determined to have been satisfied by Verso Corporation's ("Verso") Compensation Committee on January 14, 2020, resulting in the stock units vesting at 150% of the original grant based upon the compound annual growth rate ("CAGR") of Verso's publicly traded voting common stock price over the three-year period from January 1, 2017 to January 1, 2020 (the "Measurement Period") as compared to the CAGR during the Measurement Period of the publicly traded voting common stock prices of a peer group of companies.
- [F2]Consists of 16,653 shares of common stock acquired by Mr. St. John's spouse upon the vesting of 11,102 performance-based stock units granted on October 12, 2017. The performance conditions applicable to the award were determined in the same manner as described in footnote (1) above.
- [F3]The reporting person surrendered to Verso 22,581 shares of common stock to satisfy applicable tax withholding liability in connection with the performance-based award referenced in footnote (1) above.
- [F4]Consists of (i) 65,181 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.
- [F5]Mr. St. John's spouse surrendered to Verso 4,663 shares of common stock to satisfy applicable tax withholding liability in connection with the performance-based award referenced in footnote (2) above.
- [F6]Consists of (i) 18,066 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.
Documents
Issuer
Verso Corp
CIK 0001421182
Entity typeother
Related Parties
1- filerCIK 0001681544
Filing Metadata
- Form type
- 4
- Filed
- Jan 15, 7:00 PM ET
- Accepted
- Jan 16, 2:49 PM ET
- Size
- 12.2 KB