0000899243-22-000062.txt : 20220103 0000899243-22-000062.hdr.sgml : 20220103 20220103123349 ACCESSION NUMBER: 0000899243-22-000062 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211229 FILED AS OF DATE: 20220103 DATE AS OF CHANGE: 20220103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Nebel Randy J. CENTRAL INDEX KEY: 0001584161 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34056 FILM NUMBER: 22501279 MAIL ADDRESS: STREET 1: KAPSTONE PAPER AND PACKAGING CORP. STREET 2: 1101 SKOKIE BLVD., SUITE 300 CITY: NORTHBROOK STATE: IL ZIP: 60062 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 2021-12-29 0 0001421182 Verso Corp VRS 0001584161 Nebel Randy J. 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342 1 1 0 0 President & CEO Common Stock 2021-12-29 4 A 0 332.84 0.00 A 122624.95 D Common Stock 2021-12-29 4 F 0 11309 26.95 D 111315.34 D Consists of 332.84 stock units credited to the Reporting Person in the form of dividend equivalent units on stock units previously granted to the Reporting Person. These stock units will vest and become payable on the same terms as the original stock units to which they relate. Each stock unit represents the right, subject to vesting, to receive one share of common stock. The reporting person surrendered to Verso Corporation 11,309 shares of common stock to satisfy applicable tax withholding arising from the vesting of 26,392 stock units, with a .61 fractional unit surrendered in connection with such vesting. As disclosed in Verso Corporation's Form 8-K filed on December 21, 2021, on December 19, 2021, Verso Corporation's Board of Directors (the "Board") approved, pursuant to the recommendation of the compensation committee of the Board, acceleration of the vesting of the Reporting Person's stock units scheduled to vest on or before March 31, 2022, so that such stock units vested on December 29, 2021, subject to recoupment or clawback (in whole or in part) under certain specified circumstances. Consists of: (i) 47,672 shares of common stock; (ii) 53,586.87 stock units vesting in three substantially equal annual installments beginning on January 1, 2023; and (iii) 10,056.47 vested stock units that will become deliverable after the first to occur of (a) the date on which the Reporting Person ceases to provide services to Verso Corporation as a director, or (b) the date on which a Change in Control (as defined) occurs. /s/ Brian J. Russell, as Attorney-in-Fact 2022-01-03