0000899243-21-002457.txt : 20210120
0000899243-21-002457.hdr.sgml : 20210120
20210120100757
ACCESSION NUMBER: 0000899243-21-002457
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210115
FILED AS OF DATE: 20210120
DATE AS OF CHANGE: 20210120
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Campbell Allen James
CENTRAL INDEX KEY: 0001515108
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34056
FILM NUMBER: 21537605
MAIL ADDRESS:
STREET 1: 8540 GANDER CREEK DRIVE
CITY: MIAMISBURG
STATE: OH
ZIP: 45342
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Verso Corp
CENTRAL INDEX KEY: 0001421182
STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621]
IRS NUMBER: 753217389
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 8540 GANDER CREEK DRIVE
CITY: MIAMISBURG
STATE: OH
ZIP: 45342
BUSINESS PHONE: (877) 855-7243
MAIL ADDRESS:
STREET 1: 8540 GANDER CREEK DRIVE
CITY: MIAMISBURG
STATE: OH
ZIP: 45342
FORMER COMPANY:
FORMER CONFORMED NAME: Verso Paper Corp.
DATE OF NAME CHANGE: 20071213
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-01-15
0
0001421182
Verso Corp
VRS
0001515108
Campbell Allen James
8540 GANDER CREEK DRIVE
MIAMISBURG
OH
45342
0
1
0
0
SVP and CFO
Class A Common Stock
2021-01-15
4
A
0
25870
0.00
A
190392.06
D
Class A Common Stock
2021-01-15
4
F
0
7471
12.54
D
182921.06
D
Consists of 25,870 shares of common stock acquired upon the vesting of 16,301 performance-based stock units granted on February 22, 2018 and 6,595 dividend equivalent units subsequently credited to the Reporting Person. The performance conditions applicable to the award were determined to have been satisfied by Verso Corporation's ("Verso") Compensation Committee on January 15, 2021, resulting in the stock units vesting at 113% of the original grant based upon the compound annual growth rate ("CAGR") of Verso's publicly traded voting common stock price over the three-year period from January 1, 2018 to January 1, 2021 (the "Measurement Period") as compared to the CAGR during the Measurement Period of the publicly traded voting common stock prices of a peer group of companies.
The reporting person surrendered to Verso 7,471 shares of common stock to satisfy applicable tax withholding liability in connection with the performance-based award referenced above.
Consists of: (i) 149,355 shares of common stock; (ii) 11,449.01 stock units vesting on January 1, 2022; (iii) 6,239.29 stock units vesting on January 1, 2022; and (iv) 15,877.76 stock units vesting in two substantially equal annual installments beginning on January 1, 2022.
/s/ Brian J. Russell, as Attorney-in-Fact
2021-01-20