Transaction Details

Footnotes

Represents deferred stock units ("DSUs") issued by Mercer International Inc. ("Mercer) as a grant to the Reporting Person under Mercer's non-employee director compensation program and Amended and Restated 2022 Stock Incentive Plan in connection with his role as a director and Chairperson of Mercer's board of directors and 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 vests on the earlier of the one year anniversary of the grant date or the date of the 2026 AGM and represents the right to receive one share of Mercer's common stock and dividend equivalents after the Reporting Person ceases to be a director of Mercer, unless deferred in accordance with its terms.