Weinhold Michael A. 4
4 · Verso Corp · Filed Jan 28, 2020
Insider Transaction Report
Form 4
Verso CorpVRS
Weinhold Michael A.
Senior Vice President of
Transactions
- Award
Class A Common Stock
2020-01-24+23,006→ 141,345 total
Footnotes (2)
- [F1]Consists of 23,006 stock units. Each stock unit represents the right, subject to vesting, to receive one share of common stock. The stock units will vest as follows: (i) 33% on January 1, 2021; (ii) 33% on January 1, 2022; and (iii) 34% on January 1, 2023. The reported stock units do not include 23,006 stock units that will vest on or about January 1, 2023, if certain performance objectives established by the issuer have been met.
- [F2]Consists of: (i) the 23,006 stock units described in footnote (1); (ii) 69,980 shares of common stock; (iii) 23,305 stock units vesting on January 1, 2021; (iv) 16,301 stock units vesting in two substantially equal annual installments beginning on January 1, 2021; and (v) 8,753 stock units vesting in two substantially equal annual installments beginning on January 1, 2021.