North Janine 4

4 · MERCER INTERNATIONAL INC. · Filed Jun 2, 2026

AI-generated summary of this filing

Updated Jun 3, 2026

Mercer (MERC) Director Janine North Receives 25,000 DSU Award

What Happened

Janine North, a director of Mercer International Inc. (MERC), received a grant of 25,000 deferred stock units (DSUs) on 2026-06-02. The award is a derivative, cash‑settled grant (no shares were issued) and the filing lists no per‑share price (N/A).
These DSUs represent the right to receive a cash payment equal to the fair market value of one share of Mercer common stock on redemption, plus dividend equivalents after the reporting person leaves the board (unless deferred). The DSUs vest on the earlier of one year from the grant date or the date of the 2027 annual general meeting.

Key Details

Transaction date: 2026-06-02; Transaction type: Award/Grant (code A); Amount: 25,000 DSUs; Price: N/A (cash‑settled derivative).
Shares owned after transaction: Not disclosed in this filing.
Footnote: DSUs were elected as an equity grant under Mercer’s non‑employee director compensation program for the board term beginning June 1, 2026 (see footnote F1).
Timeliness: Filing and period of report are the same date (2026-06-02), indicating a timely report.

Context

DSUs are common director compensation that do not immediately represent voting stock; they provide a future cash payout tied to Mercer’s share price. This is a routine compensation grant and should be interpreted as compensation, not an open‑market purchase or sale.

Form 4

Period: 2026-06-02

Director

Transactions

Award
Cash Settled Deferred Stock Units
[F1]
2026-06-02+25,000→ 80,289.3 total
→ Common Stock (25,000 underlying)

Footnotes (1)

[F1]Represents cash settled deferred stock units ("DSUs") issued by Mercer International Inc. ("Mercer"), as a grant to the Reporting Person, at the election of the Reporting Person as an equity grant under Mercer's non-employee director compensation program in respect of the board term commencing June 1, 2026 and ending at its next regularly scheduled annual general meeting in 2027 (the "2027 AGM"). 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. These DSUs vest on the earlier of the one-year anniversary of the grant date or the date of the 2027 AGM.

Signature

/s/Janine North|2026-06-02

1 file