Fiscal 2022
Market or payout value of all vested DSUs not paid out or distributed (2) ($)
Market value (2) ($)
Number of DSUs vested for Fiscal 2022 (1)
Total DSUs held as of October 31, 2022
Andrew J. Bibby
3,301
78,234
20,763
492,083
Marie Y. Delorme
5,872
139,166
7,497
177,679
Maria Filippelli
6,021
142,698
11,333
268,592
Linda M.O. Hohol
3,412
80,864
23,634
560,126
Robert A. Manning
5,590
132,483
40,663
963,713
E. Gay Mitchell
3,369
79,845
15,123
358,415
Sarah A. Morgan-Silvester
6,662
157,889
32,916
780,109
Margaret J. Mulligan
7,232
171,398
30,522
723,371
Robert L. Phillips (3)
3,201
75,864
33,777
800,515
Irfhan A. Rawji
5,872
139,166
7,497
177,679
Ian M. Reid
4,452
105,512
37,251
882,849
H. Sanford Riley (3)
3,899
92,406
44,693
1,059,224
(1) DSUs are issued after each quarter in arrears. (2) DSUs are valued based on $23.70, the closing price of CWB common shares on the TSX on October 31, 2022. (3) Mr. Phillips and Mr. Riley retired from the Board on April 7, 2022.
DIRECTOR TOTAL COMPENSATION
For the fiscal year ended October 31, 2022, independent directors earned a total of $2,294,833 in retainers and fees. Below are the amounts, before withholdings, earned by the independent directors during fiscal 2022 for membership on the Board and its committees:
Director Fees (1) ($)
In Cash
In DSUs
All Other Compensation ($)
Total Compensation ($)
Andrew J. Bibby
124,500
80,000
-
204,500
Marie Y. Delorme
-
175,000
-
175,000
Maria Filippelli
6,000
175,000
-
181,000
Linda M.O. Hohol
126,000
80,000
-
206,000
Robert A. Manning
84,000
126,000
-
210,000
E. Gay Mitchell
121,417
80,000
-
201,417
Sarah A. Morgan-Silvester
137,333
163,333
-
300,666
Margaret J. Mulligan
-
190,000
-
190,000
Robert L. Phillips (2)
50,000 (3)
110,167
41,667
201,834
Irfhan A. Rawji
21,000
175,000
-
196,000
Ian M. Reid
105,500
100,000
-
205,500
H. Sanford Riley (2)
5,000 (4)
39,583
33,333
77,916
Total
2,349,833
(1) Includes each individual’s director or Chair of the Board retainer, Committee Chair retainers, additional retainer for serving on both the Audit and Risk Committees, and LAP fees, as applicable. (2) Mr. Phillips and Mr. Riley retired from the Board effective April 7, 2022. (3) In recognition of Mr. Phillips’s retirement after 21 years of Board service, we made a $50,000 donation to the University of Alberta Faculty of Engineering and Faculty of Law Scholarships. This amount is not included in the total retainers and fees earned by independent directors. (4) In recognition of Mr. Riley’s retirement after 11 years of Board service, we made a $5,000 donation to the University of Winnipeg Commerce Scholarship. This amount is not included in the total retainers and fees earned by independent directors.
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