Haas Aaron D. 4
4 · Verso Corp · Filed Jan 20, 2021
Insider Transaction Report
Form 4
Verso CorpVRS
Haas Aaron D.
SVP - Sales & Mktg
Transactions
- Award
Class A Common Stock
2021-01-15+2,350→ 18,384.36 total - Tax Payment
Class A Common Stock
2021-01-15$12.54/sh−780$9,781→ 17,604.36 total
Footnotes (3)
- [F1]Consists of 2,350 shares of common stock acquired upon the vesting of 1,482 performance-based stock units granted on February 22, 2018 and 599 dividend equivalent units subsequently credited to the Reporting Person. The performance conditions applicable to the award were determined to have been satisfied by Verso Corporation's ("Verso") Compensation Committee on January 15, 2021, resulting in the stock units vesting at 113% 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, 2018 to January 1, 2021 (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]The reporting person surrendered to Verso 780 shares of common stock to satisfy applicable tax withholding liability in connection with the performance-based award referenced above.
- [F3]Consists of: (i) 6,265 shares of common stock; (ii) 1,040.81stock units vesting on January 1, 2022; (iii) 790.78 stock units vesting on January 1, 2022; and (iv) 9,507.77 stock units vesting in two substantially equal annual installments beginning on January 1, 2022.