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Share Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share Based Compensation

Schedule of share-based compensation expense

Included in the Consolidated Statements of Comprehensive Income within Operating, Selling and General expense are the following share-based compensation amounts:

​	​	​	​	​	​
($ millions)		2022		2021
Equity-settled plans	​	17		21	​
Cash-settled plans		484		301	​
Total share-based compensation expense		501		322	​

​

Schedule of liability recognized for share-based compensation

Included in the Consolidated Balance Sheets within accounts payable and accrued liabilities and other long-term liabilities are the following fair value amounts for the company’s cash-settled plans:

​	​	​	​	​	​
​		December 31		December 31
($ millions)		2022		2021
Current liability		326		153	​
Long-term liability (note 22)		469		291	​
Total Liability		795		444	​

​

Schedule of weighted average fair value of options granted during the period and the weighted average assumptions used in their determination

The weighted average fair value of options granted during the period and the weighted average assumptions used in their determination are as noted below:

​	​	​	​	​	​	​	​
​		​	2022		​	2021
Annual dividend per share (dollars)		​	1.88		​	1.05	​
Risk-free interest rate		​	1.73%	​	​	0.49%	​
Expected life		​	5 years		​	5 years	​
Expected volatility		​	42%		​	40%	​
Weighted average fair value per option (dollars)		​	9.27		​	5.40	​

​

Summary of activity of stock option plans

The following table presents a summary of the activity related to Suncor’s stock option plans:

​	​	​	​	​	​	​	​	​	​
​	​	2022			​	2021
​	​	​	​	​	​	​	​	​	​
​		​		Weighted		​		Weighted
​	​	​	​	Average	​	​	​	Average
​	​	Number	​	Exercise Price	​	Number	​	Exercise Price
​	​	(thousands)	​	($)	​	(thousands)	​	($)
Outstanding, beginning of year		37 090	​	38.39		38 373	​	39.65	​
Granted		2 191	​	37.22		3 457	​	22.71	​
Exercised as options for common shares		(13 158)	​	37.69		(245)	​	29.82	​
Forfeited/expired		(5 055)	​	38.99		(4 495)	​	37.62	​
Outstanding, end of year		21 068		38.55		37 090		38.39	​
Exercisable, end of year		16 407		40.19		28 421		39.87	​

​

Schedule of exercise price ranges and weighted average remaining contractual lives

For the options outstanding at December 31, 2022, the exercise price ranges and weighted average remaining contractual lives are shown below:

​	​	​	​	​	​	​	​	​	​	​	​
​	​	Outstanding					​	Exercisable
​	​	​	​	​	​	​	​	​	​	​	​
​		​	​	Weighted	​	​	​	​		​
​	​	​	​	Average	​	Weighted	​	​	​	Weighted
​	​	​	​	Remaining	​	Average	​	​	​	Average
​	​	Number	​	Contractual Life	​	Exercise	​	Number	​	Exercise
Exercise Prices ($)	​	(thousands)	​	(years)	​	Price ($)	​	(thousands)	​	Price ($)
22.63-24.99		2 658	​	5	​	22.65	​	1 064	​	22.65	​
25.00-29.99	​	9	​	5	​	29.31	​	3	​	29.34	​
30.00-34.99	​	731	​	-	​	30.30	​	718	​	30.28	​
35.00-39.99		6 176	​	4	​	38.37	​	3 255	​	38.85	​
40.00-44.99		11 298	​	2	​	42.73	​	11 235	​	42.75	​
45.00-49.99		101	​	5	​	48.05	​	44	​	48.41	​
50.00-54.27		95	​	3	​	52.78	​	88	​	52.85	​
Total		21 068	​	3	​	38.55	​	16 407		40.19	​

​

Summary of common shares available for granting future options

Common shares authorized for issuance by the Board of Directors that remain available for the granting of future options:

​	​	​	​	​	​
(thousands)		2022		2021
​		27 901		25 037	​

​

Share Units

Share Based Compensation

Summary of activity of equity awards

The following table presents a summary of the activity related to Suncor’s share unit plans:

​	​	​	​	​	​	​	​
(thousands)		PSU		RSU		DSU
Outstanding, December 31, 2020		2 285		15 095		1 385	​
Granted		1 285	​	11 954	​	164	​
Redeemed for cash		(751)	​	(4 609)	​	(167)	​
Forfeited/expired		(53)	​	(1 003)	​	-	​
Outstanding, December 31, 2021		2 766		21 437		1 382	​
Granted		947	​	13 235	​	187	​
Redeemed for cash		(794)	​	(4 533)	​	(238)	​
Forfeited/expired		(710)	​	(1 877)	​	-	​
Outstanding, December 31, 2022		2 209		28 262		1 331	​

​

Stock Appreciation Rights (SARs)

Share Based Compensation

Summary of activity of equity awards

SARs have a seven-year life and vest annually over a three-year period.

​	​	​	​	​	​	​	​	​	​
​	​	2022			​	2021
​	​	​	​	​	​	​	​	​	​
​		​		Weighted		​		Weighted
​	​	​	​	Average	​	​	​	Average
​	​	Number	​	Exercise Price	​	Number	​	Exercise Price
​	​	(thousands)	​	($)	​	(thousands)	​	($)
Outstanding, beginning of year		463		39.06		509		39.25	​
Granted		10	​	36.76		10	​	22.63	​
Exercised		(121)	​	37.18		—	​	—	​
Forfeited/expired		(65)	​	38.25		(56)	​	37.78	​
Outstanding, end of year		287		39.95		463		39.06	​
Exercisable, end of year		242	​	40.82		357	​	39.68	​

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