Alice Laberge - Jun 7, 2022 Form 4 Insider Report for MERCER INTERNATIONAL INC. (MERC)

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	DEFERRED STOCK UNITS	Award	$90K	+5.68K		$15.85	5.68K	Jun 7, 2022	COMMON STOCK	5.68K		Direct	F1, F2
transaction	MERC	DEFERRED STOCK UNITS	Award	$70K	+4.42K	+77.77%	$15.85	10.1K	Jun 7, 2022	COMMON STOCK	4.42K		Direct	F1, F2, F3

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

Id	Content
F1	Represents deferred stock units granted to the Reporting Person by Mercer International Inc. ("Mercer") under Mercer's Amended and Restated 2022 Stock Incentive Plan (the "Plan") in connection with her role as a director of Mercer. These units vest on June 7, 2023, provided that if a change in control of Mercer occurs prior to such date, such units vest immediately and, in the case of death or disability of the Reporting Person, a pro-rated portion of such units will vest. The Reporting Person is entitled to delivery of the underlying shares of common stock upon ceasing to be a director of Mercer, unless deferred in accordance with its terms.
F2	Based on the closing price of Mercer's shares of common stock on the NASDAQ on June 6, 2022.
F3	Represents deferred stock units granted to the Reporting Person under the Plan as a result of an election by the Reporting Person to receive her annual cash retainer as a director of Mercer in the form of such units. These units vested immediately and entitle the Reporting Person to delivery of the underlying shares of common stock upon ceasing to be a director of Mercer, unless deferred in accordance with its terms.