CORRICK THOMAS KEVIN 4

What Happened
Thomas K. Corrick, a Mercer International Inc. (MERC) director, was granted 25,000 deferred stock units (DSUs) on June 2, 2026. The award is a derivative grant (transaction code A) — no purchase price or immediate shares issued (price listed as N/A). This grant is part of Mercer's non-employee director compensation under its 2022 Stock Incentive Plan.

Key Details

• Transaction date: 2026-06-02 (Form 4 filed same date).
• Transaction type/code: Grant / Award (A); 25,000 DSUs granted.
• Price/Value: N/A — DSUs are derivative units, not an open-market purchase or sale.
• Shares owned after transaction: Not disclosed in the filing.
• Vesting and settlement: Each DSU vests on the earlier of the one-year anniversary of the grant or the 2027 annual general meeting (AGM). DSUs represent the right to receive one Mercer common share plus dividend equivalents after the director ceases service, unless deferred per the plan (see footnote).
• Filing timeliness: Report appears filed timely (same-day reporting).

Context
DSUs are a form of deferred compensation for non-employee directors: they do not immediately convert to common stock and typically settle in shares (and dividend equivalents) later, often when the director leaves the board. This is a routine director compensation grant rather than a market buy or sell and should be viewed as a standard compensation event, not a direct trading signal.