David Kent Ure - 15 Feb 2023 Form 4 Insider Report for MERCER INTERNATIONAL INC. (MERC)

Role: Senior Vice President, Finance
Signature: /s/ DAVID URE
Issuer symbol: MERC
Transactions as of: 15 Feb 2023
Net transactions value: -$68,054
Form type: 4
Filing time: 17 Feb 2023, 14:10:16 UTC
Previous filing: 10 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MERC	Common Stock	Options Exercise	$0	+11,820	+18%	$0.000000	78,055	15 Feb 2023	Direct	F1
transaction	MERC	Common Stock	Tax liability	$68,054	-5,910	-7.6%	$11.52	72,145	15 Feb 2023	Direct	F2

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	MERC	Performance Share Units	Award	$0	+11,820		$0.000000	11,820	15 Feb 2023	Common Stock	11,820	$0.000000	Direct	F3
transaction	MERC	Performance Share Units	Options Exercise	$0	-11,820	-100%	$0.000000^*	0	15 Feb 2023	Common Stock	11,820	$0.000000	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents the conversion of vested performance share units ("PSUs").
F2	Represents the average of the intraday high and low trading price on February 15, 2023.
F3	Represents the vesting on February 15, 2023 of PSUs awarded to the reporting person based on the achievement of certain specified performance criteria, including company performance and share price performance during the 2020 to 2022 performance period.