Janine North - Jun 2, 2025 Form 4 Insider Report for MERCER INTERNATIONAL INC. (MERC)

Role: Director
Signature: /s/ Janine North
Stock symbol: MERC
Transactions as of: Jun 2, 2025
Transactions value $: $0
Form type: 4
Date filed: 6/3/2025, 04:34 PM
Previous filing: Sep 11, 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
North Janine	Director	SUITE 1120, 700 WEST PENDER STREET, VANCOUVER, BRITISH COLUMBIA, CANADA	/s/ Janine North	2025-06-03	0001848169

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MERC	Cash Settled Deferred Stock Units	Award		+27.9K	+102.11%		55.3K	Jun 2, 2025	Common Stock	27.9K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 May 31, 2025 and ending at its next regularly scheduled annual general meeting in 2026 (the "2026 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 2026 AGM.

Content

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 May 31, 2025 and ending at its next regularly scheduled annual general meeting in 2026 (the "2026 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 2026 AGM.