Nebel Randy J. 4
4 · Verso Corp · Filed Feb 17, 2021
Insider Transaction Report
Form 4
Verso CorpVRS
Nebel Randy J.
Director
Transactions
- Award
Class A Common Stock
2021-02-13+78,308→ 103,154.33 total
Footnotes (2)
- [F1]Consists of 78,308 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, 2022; (ii) 33% on January 1, 2023; and (iii) 34% on January 1, 2024. The reported stock units do not include 78,309 stock units that will vest if certain performance objectives established by the issuer have been met as measured over the three-year period from January 1, 2021 to December 31, 2023.
- [F2]Consists of: (i) the 78,308 stock units described in footnote (1); (ii) 15,000 shares of common stock; and (iii) 9,846.33 vested stock units that will become deliverable after the first to occur of (a) the date on which the Reporting Person ceases to provide services to Verso Corporation as a director, or (b) the date on which a Change in Control (as defined) occurs.