North Janine 4
4 · MERCER INTERNATIONAL INC. · Filed May 2, 2023
Insider Transaction Report
Form 4
North Janine
Director
Transactions
- Award
Cash Settled Deferred Stock Units
2023-05-01+2,570→ 2,570 total→ Common Stock (2,570 underlying)
Footnotes (1)
- [F1]Represents cash settled deferred stock units ("DSUs") granted by Mercer International Inc. ("Mercer") as a quarterly equity grant to the Reporting Person under Mercer's 2023 Non-Employee Director Compensation Plan (the "Program"). The DSUs 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.