Page 41 - MIC 2014 - English
P. 41
For further details on each NEO’s 2013 equity award and total compensation for 2013, see the ‘‘Summary Compensation
Table’’ on page 58 of this management proxy circular.
Option Value PSU Value Total Value
Name Options PSUs ($)
($)
($)
S.W. Williams 380 000 144 400 4 453 600
4 687 224
9 140 824
.......................................................................................................................................................................................................................................................
S.D.L. Reynish 100 000 38 000 1 172 000 1 233 480 2 405 480
.......................................................................................................................................................................................................................................................
M.S. Little 125000 47500 1465000 1541850 3006850
.......................................................................................................................................................................................................................................................
M.R. MacSween 100 000 38 000 1 172 000 1 233 480 2 405 480
.......................................................................................................................................................................................................................................................
B.J. Jackman 100 000
38 000 1 172 000 1 233 480 2 405 480
Annual Incentive Plan. Suncor’s annual incentive plan
(previously defined herein as ‘‘AIP’’) rewards our NEOs and
other AIP participants based on the performance achieved
versus the approved annual targets in each of the AIP Components and Weight.
Corporate, Business Unit and Personal AIP components.
The weight for each component is displayed in the AIP
Components and Weight chart. AIP awards are determined Corporate Measures
20%
20%
based on the combination of the weighted performance in
these key areas.
Weighted Average of
the Business Units
The Corporate component of the AIP is comprised of two
corporate-wide financial measures. For the Business Unit Personal
component, each of Suncor’s six business units has more
than 15 standard performance measures (a total of more
than 90 measures across the six business units). For 2013,
the measures are specific to the four areas of Suncor’s 60%
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operational excellence model: Personal and Process Safety
(‘‘P&PS’’), Environment, Reliability and People, and have
performance targets that are specific to each business unit
to ensure line of sight for the employees in the unit.
The performance targets in each business unit are based on the budget (for example, production targets are based on
budget) or on year-over-year improvement (for example, recordable injury frequency targets reflect year-over-year
reductions). The overall score for the Business Unit component of the AIP is determined based on performance across
each of the six business units and the weighting assigned to each business unit.
Governance of the AIP is comprehensive. Reviews of measures, weightings, targets, stretch and performance results are
carried out at the business unit, corporate and HR&CC level.
Information on the Personal performance of the NEOs and the calculation of their 2013 AIP award, can be found
beginning on page 41 of this management proxy circular. No AIP award was made to Mr. Demosky as a result of his
resignation from Suncor effective December 27, 2013.
SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014 39
