St. John Adam 4
4 · Verso Corp · Filed Jan 28, 2020
Insider Transaction Report
Form 4
Verso CorpVRS
St. John Adam
SVP - Manufacturing
Transactions
- Award
Class A Common Stock
2020-01-24+4,345→ 34,012 total(indirect: By Spouse) - Award
Class A Common Stock
2020-01-24+30,675→ 143,587 total
Footnotes (4)
- [F1]Consists of 30,675 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 30,675 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 30,675 stock units described in footnote (1); (ii) 65,181 shares of common stock; (iii) 21,187 stock units vesting on January 1, 2021; (iv) 14,819 stock units vesting in two substantially equal annual installments beginning on January 1, 2021; (v) 7,957 stock units vesting in two substantially equal annual installments beginning on January 1, 2021; and (vi) 3,768 stock units vesting in two substantially equal installments beginning on January 1, 2021.
- [F3]Consists of 4,345 stock units held by Mr. St. John's spouse. 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 4,345 stock units that will vest on or about January 1, 2023, if certain performance objectives established by the issuer have been met.
- [F4]Consists of: (i) the 4,345 stock units described in footnote (3); (ii) 18,066 shares of common stock; (iii) 5,551 stock units vesting on January 1, 2021; (iv) 3,882 stock units vesting in two substantially equal annual installments beginning on January 1, 2021; and (v) 2,168 stock units vesting in two substantially equal annual installments beginning on January 1, 2021.