Page 49 - MIC 2014 - English

Annual Incentive. Mr. Reynish’s AIP award for 2013 was $530,000. The award is 134% of his target award level of

$393,750, which is 75% of his base salary. The range for the AIP award is from 0% to a maximum of 220% of the
target award level. The Corporate and Business Unit performance factors used in determining Mr. Reynish’s AIP award are

as approved by the HR&CC and as set forth in the table on page 40. The Personal performance factor is determined
based on the assessment of Mr. Reynish’s performance by the President and CEO, for which Mr. Reynish received a

performance rating that translates to the performance factor displayed below. The calculation of Mr. Reynish’s AIP award
amount is comprised of two steps as displayed below. Mr. Reynish received no additional compensation for acting in the

capacity of Interim Chief Financial Officer in 2013.

1. AIP Performance Factor Calculation
Overall
Performance
Factor
Corporate Performance
Business Unit (BU) Performance
Personal Performance

Total Weight Performance Total Wtd. Performance Total OSV BU Performance Total Weight Performance Total
[A+B+C+D]
Factor
[A] Avg. of Factor [B]
Performance
Factor [C]
Factor
[D]
all BUs

20% 1.43 0.29 30% 1.33 0.40 30% 1.25 0.37 20% 1.40 0.28 1.34

2. AIP Payout Calculation

Base Salary AIP Target Performance Factor for Payout(1) Payout Calculation Actual Award
[A]
[B]
[C]
[ABC]

$530 000
$525 000
75%
1.34
$527 625

(1) Rounded to two decimal places. Due to rounding, actual calculations may result in small differences from the payout calculation shown.

Total Direct Compensation. For reference, the
Total Direct Compensation ($)
corresponding chart displays Mr. Reynish’s total direct
compensation for the past two years. The mid- and

long-term incentive amounts are the deemed value of the 1,172,000
equity grants (at the date of grant, and as calculated using
248,832
the methodology described under the ‘‘Summary 875,773
Compensation Table’’ on page 58 of this management
1,233,480
proxy circular) and will differ from the ultimate value 875,586
realized from the awards based on Suncor’s relative and

absolute share price performance over time.
530,000
485,000

496,154
520,673

2013 2012 2011

Total 3,456,153 2,981,345

Deferred Share Units Annual Incentive
Long-Term Incentive (stock options) Base salary (actual)
Mid-Term Incentive (PSUs)
26FEB201421265267

SUNCOR ENERGY INC. MANAGEMENT PROXY CIRCULAR 2014 47