Kilgour Lori 4
4 · Resolute Forest Products Inc. · Filed Dec 5, 2022
Insider Transaction Report
Form 4
Kilgour Lori
SVP, Chief Information Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2022-12-01−2,440→ 0 totalFrom: 2022-12-01→ Common Stock (2,440 underlying) - Tax Payment
Common Stock
2022-12-01$21.15/sh−10,983$232,290→ 88,167 total - Disposition to Issuer
Common Stock
2022-12-01$21.15/sh−2,440$51,606→ 88,167 total - Exercise/Conversion
Common Stock
2022-12-01+2,440→ 90,607 total
Footnotes (2)
- [F1]Represents units withheld in respect of taxes on the settlement of restricted stock units
- [F2]Resolute Forest Products Inc. (the "Company") previously awarded the reporting person 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 vest and settle in cash in four equal annual installments beginning on December 1 following the grant date (subject to earlier settlement in certain circumstances). The reporting person settled 2,440 RSUs, which vested on December 1, 2022 for cash. This number includes RSUs added in connection with the Company's payment of a special cash dividend on December 20, 2018, and on July 7, 2021.