LAFLAMME YVES 4
4 · Resolute Forest Products Inc. · Filed Nov 17, 2020
Insider Transaction Report
Form 4
LAFLAMME YVES
Senior Vice President
Transactions
- Award
Restricted Stock Units
2020-11-16+24,940→ 159,894 total→ Common Stock (24,940 underlying) - Tax Payment
Common Stock
2020-11-16$4.96/sh−9,377.98$46,515→ 610,666.94 total - Award
Common Stock
2020-11-16+200,000→ 620,044.92 total
Footnotes (3)
- [F1]This reporting person was awarded restricted stock units, each representing a contingent right to receive one share of Resolute Forest Products Inc. common stock. The award cannot be settled in cash. The restricted stock units vest in four equal annual installments beginning on December 1, 2021. The number of securities represent the remaining installments.
- [F2]Represents units withheld in respect of taxes on the settlement of restricted stock units
- [F3]Resolute Forest Products Inc. (the "Company") awarded to the reporting person 24,940 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. In general, the RSUs will vest, and settle in cash, in four equal annual installments beginning on December 1, 2021 (subject to earlier settlement in certain circumstances).