Patrice Minguez - 28 Feb 2022 Form 4 Insider Report for Resolute Forest Products Inc. (RFP)

Role: President, Tissue Group
Signature: /s/ Stephanie Leclaire, as attorney-in-fact
Issuer symbol: RFP
Transactions as of: 28 Feb 2022
Transactions value $: -$133,487
Form type: 4
Filing time: 02 Mar 2022, 15:00:39 UTC
Previous filing: 03 Feb 2022
Next filing: 05 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RFP	Common Stock	Tax liability	-$66,846	-5,552	-2.8%	$12.04	189,584	28 Feb 2022	Direct	F1
transaction	RFP	Common Stock	Options Exercise		+5,535	+2.9%		195,119	28 Feb 2022	Direct	F2
transaction	RFP	Common Stock	Disposed to Issuer	-$66,641	-5,535	-2.8%	$12.04	189,584	28 Feb 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RFP	Dividend Equivalent Units	Disposed to Issuer		-5,535	-100%		0	28 Feb 2022	Common Stock	5,535		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents units withheld in respect of taxes on the settlement of performance stock units.
F2	Represents additional Performance Share Units ("PSUs") resulting from the adjustments on December 20, 2018 and on July 7, 2021 of outstanding unvested PSUs in connection with the payment of special cash dividends approved by the issuer's board of directors on October 31, 2018 and on June 10, 2021 respectively, pursuant to the terms of the applicable equity incentive plans. These additional PSUs settle in cash and are subject to the original vesting schedule and performance criteria in place with respect to the PSUs giving rise to the award adjustments.

Content

Represents units withheld in respect of taxes on the settlement of performance stock units.

Represents additional Performance Share Units ("PSUs") resulting from the adjustments on December 20, 2018 and on July 7, 2021 of outstanding unvested PSUs in connection with the payment of special cash dividends approved by the issuer's board of directors on October 31, 2018 and on June 10, 2021 respectively, pursuant to the terms of the applicable equity incentive plans. These additional PSUs settle in cash and are subject to the original vesting schedule and performance criteria in place with respect to the PSUs giving rise to the award adjustments.