WELTY LINDA J 4
4 · MERCER INTERNATIONAL INC. · Filed Jun 2, 2023
Insider Transaction Report
Form 4
WELTY LINDA J
Director
Transactions
- Award
Deferred Stock Units
2023-06-01+1,925→ 10,173 total→ Common Stock (1,925 underlying) - Award
Deferred Stock Units
2023-06-01+11,548→ 21,721 total→ Common Stock (11,548 underlying)
Footnotes (2)
- [F1]Represents deferred stock units ("DSUs") issued by Mercer International Inc. ("Mercer"), at the election of the Reporting Person, as a quarterly equity grant to the Reporting Person under Mercer's non-employee director compensation program and Amended and Restated 2022 Stock Incentive Plan as amended (the "Plan") in connection with her role as a director of Mercer for the period from April 1, 2023 to May 31, 2023. The DSUs vest on the one-year anniversary of the grant date. Each DSU represents the right to receive one share of Mercer's common stock and dividend equivalents after the Reporting Person ceases to be a director of Mercer, unless deferred in accordance with its terms. Mercer subsequently transitioned its non-employee director compensation program from quarterly on a calendar year basis to a program based on the one-year period between annual general meetings, being the general term of office of directors.
- [F2]Represents DSUs issued by Mercer, at the election of the Reporting Person, as an equity grant to the Reporting Person under Mercer's non-employee director compensation program and the Plan in respect of the board term commencing May 31, 2023 and ending at its next regularly scheduled annual general meeting in 2024. Each DSU represents the right to receive one share of Mercer's common stock and dividend equivalents after the Reporting Person ceases to be a director of Mercer, unless deferred in accordance with its terms. The DSUs vest on the earlier of the one year anniversary of the grant date or the next regularly scheduled annual general meeting in 2024.