Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 213

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 213
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Weighted-average number of securities outstanding(#)(b) Annual burn rate (%)(c)2024968,720529,434,7550.182023949,520574,750,5750.172022884,140640,160,0280.14

(a)The number of restricted stock units granted under the plan in the applicable fiscal year.

(b)The weighted-average number of securities outstanding during the period is the number of securities outstanding at the beginning of the period, adjusted by the number of securities bought back or issued during the period multiplied by a time-weighting factor.

(c)The annual burn rate percent is calculated as the number of restricted stock units granted under the plan divided by the weighted-average number of securities outstanding.

Status of prior long-term incentive compensation plans

The company’s only long-term incentive compensation plan is the restricted stock unit plan described starting on page 161. There are no units outstanding for any historical plan.

178

Pension plan benefits

The following table provides information for each named executive officer of the company participating in a defined benefit pension plan. Information for named executive officers on assignment from affiliates of the company who participate in a plan provided by such affiliates is disclosed in the footnotes.

NameNumber of years creditedservice (as ofDecember 31, 2024) (#)(a) Annual benefitspayable($)Opening present value of defined benefitobligation($)(d)Compensatorychange($)(e)Non-compensatorychange($)(f)Closing presentvalue of definedbenefit obligation ($)(d)At year-end(b)At age65(c)B.W. Corson———————D.E. Lyons———————C.L. Gomez-Smith———————J.E. Burgess27.5285,000436,8003,122,300542,50082,0003,746,800I.R. Laing19.2182,200325,4001,906,800345,50052,4002,304,700 

(a)B.W. Corson, D.E. Lyons, and C.L. Gomez-Smith participate in the Exxon Mobil Corporation defined benefit pension plan including tax-qualified and non-qualified plans. Benefits under this plan are payable in U.S. dollars and have been converted to Canadian dollars at the average 2024 exchange rate of 1.3698. Under this plan, Mr. Corson had 41.5 years of credited service, Mr. Lyons had 34.5 years of credited service