4//SEC Filing
Archambeau Matthew 4
Accession 0000899243-21-002455
CIK 0001421182other
Filed
Jan 19, 7:00 PM ET
Accepted
Jan 20, 10:04 AM ET
Size
7.6 KB
Accession
0000899243-21-002455
Insider Transaction Report
Form 4
Verso CorpVRS
Archambeau Matthew
SVP - Mfg and Energy
Transactions
- Award
Class A Common Stock
2021-01-15+7,431→ 54,406.4 total - Tax Payment
Class A Common Stock
2021-01-15$12.54/sh−2,070$25,958→ 52,336.4 total
Footnotes (3)
- [F1]Consists of 7,431 shares of common stock acquired upon the vesting of 4,683 performance-based stock units granted on February 22, 2018 and 1,894 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 2,070 shares of common stock to satisfy applicable tax withholding liability in connection with the performance-based award referenced above.
- [F3]Consists of: (i) 38,980 shares of common stock; (ii) 3,289.6 stock units vesting on January 1, 2022; (iii) 1,840.03 stock units vesting on January 1, 2022; and (iv) 8,226.77 stock units vesting in two substantially equal annual installments beginning on January 1, 2022.
Documents
Issuer
Verso Corp
CIK 0001421182
Entity typeother
Related Parties
1- filerCIK 0001809543
Filing Metadata
- Form type
- 4
- Filed
- Jan 19, 7:00 PM ET
- Accepted
- Jan 20, 10:04 AM ET
- Size
- 7.6 KB