CWB-Management Proxy Circular-2023-EN

2022 SUMMARY OF AMOUNTS ACTUALLY RECEIVED BY NEOS

The gross (pre-tax) amounts actually received by NEOs during the applicable fiscal year are summarized below. The actual amounts realized upon the exercise of stock options and the settlement of any share-based awards by each of the NEOs follows:

Share-Based Awards (1) ($)

Stock Option- Based Awards (2) ($)

All Other Compensation (4) ($)

Total Compensation ($)

STIP Award (3) ($)

Salary ($)

Year

2022

815,000

918,427

-

985,000

202,805

2,921,232

Christopher H. Fowler President and CEO

2021

800,000

757,768

1,048,533

607,200

179,396

3,392,897

2020

796,183

972,161

-

726,300

180,101

2,674,745

2022

351,250

67,522

-

260,600

37,788

717,160

R. Matthew Rudd (5) CFO

2021

316,166

163,607

-

110,000

30,733

620,506

2020

288,170

86,388

-

108,300

28,710

511,568

2022

457,375

368,913

943,883

444,000

96,035

2,310,206

Stephen H.E. Murphy Group Head, CPW

2021

448,900

297,036

-

272,500

81,516

1,099,952

2020

442,101

288,188

-

285,700

82,163

1,098,152

2022

378,675

318,171

-

349,400

51,553

1,097,799

Carolyn J. Graham SEVP

2021

371,700

261,342

382,426

211,400

49,291

1,276,159

2020

368,750

250,632

-

247,800

49,661

916,843

2022

346,438

-

-

-

676,512

1,022,950

M. Carolina Parra CRO

2021

-

-

-

-

-

-

2020

-

-

-

-

-

-

(1) Share-based awards includes actual PSU and RSU payout amounts received. (2) For stock option-based awards, the value is determined based on the number of stock options exercised multiplied by the difference between the exercise price and the closing price of CWB common shares on the TSX on the date the exercise request was received. (3) Reflects the STIP received during the fiscal year, but awarded in respect of performance in the prior fiscal year. (4) “All Other Compensation” includes CWB's contribution to the ESPP, contribution to the Group RRSP, the value of notional contributions to the Supplemental Retirement Plan, the value of one-time signing bonuses, and certain other immaterial amounts. It does not include perquisites or other personal benefits provided to the NEO that are generally available to all employees, or that do not exceed the lesser of $50,000 or 10% of the total salary for any of the NEOs. (5) Share-based awards for Mr. Rudd include actual RSU payout amounts received only.

61 | Canadian Western Bank- Management Proxy Circular

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