0000899243-22-000071.txt : 20220103
0000899243-22-000071.hdr.sgml : 20220103
20220103124340
ACCESSION NUMBER: 0000899243-22-000071
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: DYER TERRANCE M
CENTRAL INDEX KEY: 0001552446
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34056
FILM NUMBER: 22501302
MAIL ADDRESS:
STREET 1: 8540 GANDER CREEK DRIVE
CITY: MIAMISBURG
STATE: OH
ZIP: 45342
FORMER NAME:
FORMER CONFORMED NAME: DYER TERRENCE M
DATE OF NAME CHANGE: 20120618
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
0001552446
DYER TERRANCE M
8540 GANDER CREEK DRIVE
MIAMISBURG
OH
45342
0
1
0
0
SVP - HR & Comm
Common Stock
2021-12-29
4
A
0
67.39
0.00
A
20884.42
D
Common Stock
2021-12-29
4
F
0
2049
26.95
D
18834.83
D
Consists of 67.39 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 2,049 shares of common stock to satisfy applicable tax withholding arising from the vesting of 7,353 stock units, with a .59 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) 7,957 shares of common stock; (ii) 4,178.94 stock units vesting on January 1, 2023; and (ii) 6,698.89 stock units vesting in two substantially equal annual installments beginning on January 1, 2023.
/s/ Brian J. Russell, as Attorney-in-Fact
2022-01-03