HEARN JEFFREY A 4
4 · Resolute Forest Products Inc. · Filed Feb 14, 2018
Insider Transaction Report
Form 4
HEARN JEFFREY A
Director
Transactions
- Award
Restricted Stock Unit
2018-02-12+9,603→ 9,603 total→ Common stock (9,603 underlying)
Footnotes (1)
- [F1]Resolute Forest Products Inc. (the "Company") awarded to the reporting person 9,603 restricted stock units, each an "RSU". Each RSU 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 RSUs will vest on the last day of each calendar quarter in the current fiscal year. Generally, the vested RSUs will settle in cash in equal installments on March 31 of the years 2019, 2020 and 2021 (with earlier settlement in the case of the reporting person's death, disability or termination of service).