Wallace Alan C. 4
4 · MERCER INTERNATIONAL INC. · Filed May 2, 2023
Insider Transaction Report
Form 4
Wallace Alan C.
Director
Transactions
- Award
Cash Settled Deferred Stock Units
2023-05-01+2,570→ 2,570 total→ Common Stock (2,570 underlying) - Award
Cash Settled Deferred Stock Units
2023-05-01+2,570→ 5,140 total→ Common Stock (2,570 underlying)
Footnotes (2)
- [F1]Represents cash settled deferred stock units ("DSUs") issued by Mercer International Inc. ("Mercer"), at the election of the Reporting Person, in lieu of quarterly cash director retainer under Mercer's 2023 Non-Employee Director Compensation Plan (the "Program") and Mercer's Amended and Restated 2022 Stock incentive Plan. 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.
- [F2]Represents DSUs granted by Mercer as a quarterly equity grant to the Reporting Person under the Program which 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.