Rettig Rainer 4

What Happened
Rettig Rainer, a director of Mercer International Inc. (MERC), received a grant of 25,000 cash-settled deferred stock units (DSUs) on June 2, 2026. The Form 4 reports this as a derivative award (transaction code A); no per-share price or immediate cash value is reported because the DSUs are cash-settled and pay out based on Mercer’s fair market value at redemption.

Key Details

• Transaction date: 2026-06-02 (reported on the same date).
• Award: 25,000 DSUs (cash-settled deferred stock units); classified as a grant (A).
• Price/value: N/A on grant — each DSU entitles the holder to a cash payment equal to the fair market value of one Mercer share on redemption.
• Vesting: DSUs vest on the earlier of one year from the grant date or the date of Mercer’s 2027 annual general meeting (2027 AGM).
• Dividend equivalents: The DSUs accrue dividend equivalents payable after the director ceases service (unless deferred per the plan).
• Shares owned after transaction: Not disclosed in the filing.
• Timeliness: Filing covers the transaction date and was filed the same day (no late filing indicated).

Context
This is a routine non-employee director compensation award (cash-settled DSUs), not an open-market purchase or sale. DSU grants are commonly used to compensate directors and do not by themselves indicate buying or selling sentiment in the market; payout depends on Mercer’s share price when redeemed.