Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 212

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 212
---
($) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in the first column)(#)(c)Equity compensation plans approved by security holders (a)———Equity compensation plans not approved by security holders (b)1,625,170—8,842,867Total1,625,170—8,842,867

(a)The company’s stock option plan expired in 2012.

(b)This is a restricted stock unit plan, which is described starting on page 161.

(c)The Number of securities to be issued represents the total number of restricted stock units still outstanding (4,223,070) minus the outstanding restricted stock units that are only eligible for cash (and not common shares) upon vesting (2,597,900). The Number of securities remaining available for future issuance represents the restricted stock units not yet granted (6,244,967) plus the number of outstanding restricted stock units that are only eligible for cash (and not common shares) upon vesting (2,597,900).

RSUs as a percentage of outstanding shares

The following table provides information on the restricted stock unit plan, expressed as a number and as a percentage of the common shares of the company as of the end of 2024.

 Maximum number ofrestricted stock unitsissuable under the plan(b)Total number ofrestricted stock unitsawarded andoutstandingTotal number of restricted stock units available for grantNumber (#)10,468,0374,223,0706,244,967Percent of outstanding common shares (%)  (a)2.060.831.23

(a)As of December 31, 2024, the number of common shares outstanding was 509,044,963.

(b)The maximum number of restricted stock units issuable under the company plan is the number as of December 31, 2023 (10,468,037) minus the common shares issued in 2024 pursuant to the vesting of restricted stock units under the plan (0 common shares).

177

Annual burn rate

The following table provides the annual burn rate associated with the restricted stock unit plan for each of the company’s three most recent fiscal years. The annual burn rate is the number of restricted stock units granted as a percentage of the weighted-average number of outstanding shares of the company, which provides a measure of how quickly a company is using its available shares for incentive purposes. 

 Number of restricted stock units granted under the plan(#)(a)