Blanchet Suzanne 4
4 · Resolute Forest Products Inc. · Filed Feb 17, 2022
Insider Transaction Report
Form 4
Blanchet Suzanne
Director
Transactions
- Award
Deferred Stock Units
2022-02-15+10,626→ 55,304 total→ Common Stock (10,626 underlying) - Purchase
Common Stock
2022-02-16$15.01/sh+13,300$199,617→ 13,300 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.94 to $15.22, inclusive. The reporting person undertakes to provide to Resolute Forest Products Inc., any security holder of Resolute Forest Products Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- [F2]Resolute Forest Products Inc. (the "Company") awarded to the reporting person 10,626 deferred stock units, each a "DSU". Each DSU represents the right to receive the economic equivalent of one share of Company common stock in cash upon settlement. Twenty five percent of the awarded DSUs will vest on the last day of each calendar quarter in the current fiscal year. The vested DSU awards will settle in cash after the earliest of (i) death, (ii) disability or (iii) December 15 of the year following the year of the reporting person's termination of service (subject to earlier settlement in certain circumstances).