COLUMN A DETAIL – STOCK OPTION-BASED AWARDS VALUE VESTED DURING THE YEAR
A summary of the value of stock options that vested during fiscal 2022 for each NEO – that is, the number of stock options that vested multiplied by the difference between the stock option exercise price and the closing share price on the TSX on the vesting date – follows. Details about the SIP under which CWB grants stock options can be found on page 44.
Stock Option Grant Date
Stock Option Vesting Date
Number of Stock Options Vested
Stock Option Exercise Price ($)
Vesting Date Value ($)
Value Vested During Year ($)
Christopher H. Fowler President and CEO
15-Mar-2019
15-Mar-2022
51,218
29.433
36.250
349,153
R. Matthew Rudd CFO
15-Mar-2019
15-Mar-2022
5,957
29.433
36.250
40,609
Stephen H.E. Murphy Group Head, CPW Carolyn J. Graham SEVP
15-Mar-2019
15-Mar-2022
20,691
29.433
36.250
141,051
15-Mar-2019
15-Mar-2022
17,948
29.433
36.250
122,352
M. Carolina Parra CRO
-
-
-
-
-
-
COLUMN B DETAIL – SHARE-BASED AWARDS VALUE VESTED DURING THE YEAR
A summary of the value of RSUs that vested during fiscal 2022 for each NEO follows. The value of vested RSUs is calculated as the RSU vesting date value multiplied by the number of vesting RSUs. Details about the RSU Plan can be found on page 50.
Number of RSUs Vested (1)
Value at Grant Date ($)
Vesting Date Value ($)
Value Vested During Year ($)
RSU Grant Date
RSU Vesting Date
06-Jun-2019
06-Jun-2022
3,303
28.625
30.281
100,009
Christopher H. Fowler President and CEO
08-Jun-2020
08-Jun-2022
4,070
25.561
30.172
122,797
06-Jun-2019
06-Jun-2022
1,153
28.625
30.281
34,923
R. Matthew Rudd CFO
08-Jun-2020
08-Jun-2022
1,080
25.561
30.172
32,599
06-Jun-2019
06-Jun-2022
1,334
28.625
30.281
40,398
Stephen H.E. Murphy Group Head, CPW
08-Jun-2020
08-Jun-2022
1,574
25.561
30.172
47,502
06-Jun-2019
06-Jun-2022
1,158
28.625
30.281
35,059
Carolyn J. Graham SEVP
08-Jun-2020
08-Jun-2022
1,304
25.561
30.172
39,352
-
-
-
-
-
-
M. Carolina Parra CRO
-
-
-
-
-
-
(1) Includes additional units granted in respect of dividend reinvestment plan.
A summary of the value of PSUs that vested during fiscal 2022 for each NEO follows. PSUs granted in fiscal 2019 and fiscal 2020 vested in fiscal 2022. The value of PSUs that 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.
Number of PSUs Vested (1)
Vesting Date Value ($)
Performance Multiplier
Value Vested During Year ($)
PSU Grant Date
PSU Vesting Date
14-Dec-2018
15-Dec-2021
21,613
36.49
88.2%
695,622
Christopher H. Fowler President and CEO
13-Dec-2019
31-Oct-2022
20,542
23.49
85.3%
411,594
R. Matthew Rudd CFO
13-Dec-2019
31-Oct-2022
1,818
23.49
85.3%
36,433
14-Dec-2018
15-Dec-2021
8,731
36.49
88.2%
281,013
Stephen H.E. Murphy Group Head, CPW
13-Dec-2019
31-Oct-2022
7,949
23.49
85.3%
159,281
14-Dec-2018
15-Dec-2021
7,574
36.49
88.2%
243,760
Carolyn J. Graham SEVP M. Carolina Parra CRO
13-Dec-2019
31-Oct-2022
6,582
23.49
85.3%
131,889
-
-
-
-
-
-
(1) Includes additional units granted in respect of dividend reinvestment plan.
Canadian Western Bank- Management Proxy Circular | 64
Powered by FlippingBook