Alan C. Wallace - May 1, 2023 Form 4 Insider Report for MERCER INTERNATIONAL INC. (MERC)

Role: Director
Signature: /s/ Alan Wallace
Stock symbol: MERC
Transactions as of: May 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/2/2023, 08:35 PM
Previous filing: Jun 8, 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
transaction	MERC	Cash Settled Deferred Stock Units	Award		+2.57K	+100%		5.14K	May 1, 2023	Common Stock	2.57K		Direct	F2

* 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") issued by Mercer International Inc. ("Mercer"), at the election of the Reporting Person, in lieu of quarterly cash director retainer under Mercer's 2023 Non-Employee Director Compensation Plan (the "Program") and Mercer's Amended and Restated 2022 Stock incentive Plan. 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.
F2	Represents DSUs granted by Mercer as a quarterly equity grant to the Reporting Person under the Program which 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") issued by Mercer International Inc. ("Mercer"), at the election of the Reporting Person, in lieu of quarterly cash director retainer under Mercer's 2023 Non-Employee Director Compensation Plan (the "Program") and Mercer's Amended and Restated 2022 Stock incentive Plan. 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.

Represents DSUs granted by Mercer as a quarterly equity grant to the Reporting Person under the Program which 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.