JEFFREY I.L. WRIGHT, Group Head, Client Solutions and Specialty Businesses
Mr. Wright was appointed as Group Head, Client Solutions and Specialty Business in April 2022 and previously served as CWB’s Senior Vice President, Client Solutions. Mr. Wright oversees CWB Equipment Financing, CWB Optimum Mortgage, CWT Trust Services and Motive Financial businesses as well as the Information Services group on an interim basis. He is responsible for leading product, marketing, data, digital and project management functions across CWB Financial Group. Mr. Wright chairs CWB’s Operating Committee. Mr. Wright has been with CWB Financial Group since 2018 and has 20 years of financial services experience in Canada and the United States. Prior to joining CWB Mr. Wright was an executive at one of the Largest Canadian Banks, with leadership roles in strategy, digital, transformation and sales across personal, commercial and wealth portfolios. He also spent five years at a leading global strategy consulting firm. Mr. Wright received a Bachelor of Commerce from Queen’s University and a Master of Business A dministration from Duke University.
2023 Performance Highlights
• Leveraged enhanced data analytics and reporting to achieve incremental interest and fees to support the expansion of revenue during the current year. • Led the development and launch of CWB’s new personal and small business digital platforms and new corporate card s. • Introduced new equipment financing sales model focusing teams across the enterprise on specific target channels. • As Chair of CWB’s Operating Committee, focused the prioritization of operating and capital expenditures on achieving CWB’s strategic agenda while improving financial performance in the current year. • Supported employee engagement, with CWB named as one of this year’s top 25 Best Workplaces TM in Canada for the second year in a row by Great Place to Work Canada® and being recognized by Waterstone Human Capital as having one of Canada’s Most Admired Corporate Cultures TM for the fourth time, earning a place in their hall of fame.
Compensation Over Time (1)(2)
Total Direct Compensation ($)
2023 Actual Compensation Mix
(1) Compensation data is disclosed as at October 31 of each fiscal year shown. The values are based on the salary and short-term incentive compensation earned in each fiscal year, and the grant-date value of each LTIP award. (2) Base salary is granted for each calendar year. The amounts shown in the chart above reflect the amount of base salary earned during a fiscal year.
Share Ownership (1)
Total Value of Common Shares ($)
Total Value of Common Shares/RSUs/PSUs ($)
Minimum Value Under Guidelines ($)
Total Value of RSUs (2) ($)
Total Value of PSUs (3) ($)
Required Multiple of Base Salary (4)
Meets Guidelines
Actual Multiple
✓
147,430
56,589
400,042
604,061
350,000
1
1.7
(1) Share ownership data is disclosed as at October 31, 2023. (2) RSUs are valued based on $27.48, the closing price of CWB common shares on the TSX on October 31, 2023. (3) Total Value of PSUs includes the PSUs granted in fiscal 2021 and vested on October 31, 2023, and are valued using a 100% performance multiplier applied to $27.48, the closing price of CWB common shares on the TSX on October 31, 2023, for the purposes of determining compliance with minimum share ownership requirements. (4) Mr. Wright’s employment agreement provides for an ownership requirement equal to his base salary on October 31, 2023. Effective April 1, 2025, Mr. Wright’s ownership requirement is equal to 2 times his base salary .
Other Equity Holdings – Stock Options (1)
Unexercisable
Exercisable
(#)
In-the-Money Value ($)
(#)
In-the-Money Value ($)
Total ($)
35,384
65,975
17,910
-
65,975
(1) Stock option data is disclosed as at October 31, 2023.
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