Share-Based Awards (1)
Stock Option-Based Awards
Number of Securities Underlying Unexercised Options (#)
Market or Payout Value of Share- Based Awards that have not Vested (3) ($)
Value of Unexercised In- The-Money Stock Options (2) ($)
Number of Shares or Units of Shares that have not Vested (#)
Stock Option Exercise Price ($)
Stock Option Expiration Date
Grant Date
10-Mar-2017
14,114
30.853
09-Mar-2024
-
-
-
16-Mar-2018
13,334
35.154
15-Mar-2025
-
-
-
15-Mar-2019
17,948
29.433
14-Mar-2026
-
-
-
13-Dec-2019
18,548
31.927
12-Dec-2026
-
-
-
08-Jun-2020
-
-
-
-
1,337
31,678
Carolyn J. Graham SEVP
14-Dec-2020
15,833
29.067
13-Dec-2027
-
-
-
14-Dec-2020
-
-
-
-
10,340
245,061
13-Dec-2021
13,172
37.033
12-Dec-2028
-
-
13-Dec-2021
-
-
-
-
7,839
185,775
Totals
92,949
-
19,515
462,514
13-Dec-2021
41,106
37.033
12-Dec-2028
-
-
-
13-Dec-2021
-
-
-
-
7,592
179,926
M. Carolina Parra CRO
13-Dec-2021
-
-
-
-
8,435
199,915
Totals
41,106
-
16,027
379,841
(1) As at October 31, 2022, there are no vested share-based awards that have not been paid out or distributed, other than PSUs granted in fiscal 2020 which vests on October 31, 2022 and pays out in December 2022. (2) The market value of unexercised in-the-money stock options is calculated based on the difference between $23.70, the closing price of a common share on the TSX on October 31, 2022, and the exercise price of the stock option. (3) The market value of share-based awards that have not vested is calculated by multiplying the number of RSUs credited to the NEOs by the October 31, 2022 common share closing price on the TSX of $23.70. PSUs are valued based on a 100% performance multiplier and using the closing price on the TSX on October 31, 2022 of $23.70 per common share. No assumptions are made for future dividends, however, notional dividends accrue to the RSU holder and are converted on the dividend date into additional RSUs that vest in accordance with the respective grant. INCENTIVE PLAN AWARDS – VALUE VESTED OR EARNED DURING THE YEAR
The value of equity-based awards that vested and non-equity incentive plan compensation earned by NEOs for the year ending October 31, 2022 follow:
Column A Stock Option-Based Awards Value Vested During the Year (1) ($) )
Column B Share-Based Awards Value Vested During the Year (2) ($)
Non-Equity Incentive Plan Compensation Value Earned During the Year ($)
Christopher H. Fowler President and CEO
1,330,022
689,300
349,153
R. Matthew Rudd CFO
40,609
103,955
229,700
Stephen H.E. Murphy Group Head, CPW Carolyn J. Graham SEVP
141,051
528,194
309,500
122,352
450,060
237,400
-
-
M. Carolina Parra CRO
232,400
(1) These amounts represent the value the NEOs would have received had they exercised stock options that vested during fiscal 2022 on the date the stock options vested. The value of a vested stock option is calculated as the difference between the closing price of a common share on the TSX on the vesting date and the exercise price of that stock option. Stock options that vested on dates where the closing price on the TSX of a common share of CWB was less than the stock option exercise price have been assigned a value of zero. (2) CWB's share-based awards consist of RSUs and PSUs. The value of RSUs that vested in fiscal 2022 is calculated as the number of RSUs that vested multiplied by the average of the weighted average trading price of CWB common shares for the vesting date and the four business days preceding the vesting date (the “vesting date value”). The value of PSUs t hat vested in fiscal 2022 is calculated as the number of PSUs that vested multiplied by the vesting date value, multiplied by the performance multiplier as set out on page 47 to arrive at the award payout.
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