Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 206

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 206
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 on page 174.

Total direct compensation

The following pro forma table displays total direct compensation, which includes salary, bonus, and stock award value. In its pay deliberations, the executive resources committee considers total direct compensation as it excludes the volatility that results from changes in pension value and all other compensation. 

NameYearSalary($)(b)Bonus($)(e)Restricted stock units($)(c)Total direct compensation($)(i)B.W. Corson (a)20241,259,3941,728,6889,146,44812,134,53020231,193,1351,707,3716,694,0169,594,52220221,046,2452,223,9226,463,1809,733,347 D.E. Lyons (a)2024821,195693,1193,108,9904,623,3042023785,525719,3902,390,7203,895,6352022688,388890,0891,917,1683,495,645 C.L. Gomez-Smith (a)2024556,623538,3312,096,0613,191,015J.E. Burgess2024501,230345,2961,584,5822,431,108I.R. Laing2024479,610292,9611,343,8862,116,457

Refer to footnotes starting on page 174.

173

Footnotes to summary compensation and total direct compensation tables on page 173 

(a)Affiliate employees. The compensation for B.W. Corson, D.E. Lyons, and C.L. Gomez-Smith is paid directly by Exxon Mobil Corporation, with the exception of the compensation related to the vesting of the company’s restricted stock units and dividend equivalents on outstanding restricted stock units. They also receive employee benefits under Exxon Mobil Corporation benefit plans, and not under the company’s employee benefit plans. The company reimburses Exxon Mobil Corporation for applicable compensation paid and employee benefits provided to them. The company does not reimburse Exxon Mobil Corporation for the cost of incentive awards granted by Exxon Mobil Corporation. 

(b)Salary. The amounts for each named executive officer on expatriate assignment (B.W. Corson, D.E. Lyons, and C.L. Gomez-Smith) are paid in their home country currency, U.S. dollars, but disclosed in Canadian dollars at the average 2024 exchange rate of 1.3698. In