Janine North - May 1, 2023 Form 4 Insider Report for MERCER INTERNATIONAL INC. (MERC)

Role: Director
Signature: /s/ Janine North
Stock symbol: MERC
Transactions as of: May 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/2/2023, 07:55 PM
Previous filing: Oct 5, 2022
Next filing: Jun 2, 2023

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	Cash Settled Deferred Stock Units	Award		+2.57K			2.57K	May 1, 2023	Common Stock	2.57K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents cash settled deferred stock units ("DSUs") granted by Mercer International Inc. ("Mercer") as a quarterly equity grant to the Reporting Person under Mercer's 2023 Non-Employee Director Compensation Plan (the "Program"). The DSUs vest on the one-year anniversary of the grant date. Each DSU represents the right to receive a cash payment equal to the fair market value of one share of Mercer's common stock on the redemption date(s) and dividend equivalents after the Reporting Person ceases to be a director of Mercer, unless deferred in accordance with its terms.

Content

Represents cash settled deferred stock units ("DSUs") granted by Mercer International Inc. ("Mercer") as a quarterly equity grant to the Reporting Person under Mercer's 2023 Non-Employee Director Compensation Plan (the "Program"). The DSUs vest on the one-year anniversary of the grant date. Each DSU represents the right to receive a cash payment equal to the fair market value of one share of Mercer's common stock on the redemption date(s) and dividend equivalents after the Reporting Person ceases to be a director of Mercer, unless deferred in accordance with its terms.