XML 50 R25.htm IDEA: XBRL DOCUMENT
v3.24.3

Stock-Based Compensation Plans | 9 Months Ended
--- | ---
Sep. 30, 2024
Disclosure of terms and conditions of share-based payment arrangement [abstract] |
STOCK-BASED COMPENSATION PLANS |
18. STOCK-BASED COMPENSATION PLANS
Cenovus has a number of stock-based compensation plans that include NSRs, Cenovus replacement stock options, performance share units (“PSUs”), restricted share units (“RSUs”) and deferred share units. The following tables summarize information related to the Company’s stock-based compensation plans:
| Units Outstanding |  | Units Exercisable
As at September 30, 2024 | (thousands) |  | (thousands)
Stock Options With Associated Net Settlement Rights | 8,664 |  | 4,777 |
Cenovus Replacement Stock Options | 388 |  | 388 |
Performance Share Units | 7,202 |  | — |
Restricted Share Units | 8,171 |  | — |
Deferred Share Units | 1,736 |  | 1,736 |
The weighted average exercise price of NSRs and Cenovus replacement stock options outstanding as at September 30, 2024, were $17.79 and $3.54, respectively.
| Units Granted |  | Units Vested and Exercised/ Paid Out
For the nine months ended September 30, 2024 | (thousands) |  | (thousands)
Stock Options With Associated Net Settlement Rights | 2,402 |  | 5,217
Cenovus Replacement Stock Options | — |  | 574
Performance Share Units | 6,354 |  | 8,899
Restricted Share Units | 3,385 |  | 2,281
Deferred Share Units | 187 |  | 185
| Weighted Average Exercise Price |  | Units Exercised
For the nine months ended September 30, 2024 | ($/unit) |  | (thousands)
Stock Options With Associated Net Settlement Rights Exercised for Net Cash Payment | 10.54 |  | 4,426
Stock Options With Associated Net Settlement Rights Exercised and Net Settled for Common Shares (1) | 11.98 |  | 791
Cenovus Replacement Stock Options Exercised and Net Settled for Cash | 7.78 |  | 537
Cenovus Replacement Stock Options Exercised and Net Settled for Common Shares (2) | 5.17 |  | 37
(1)NSRs were net settled for 562 thousand common shares. (2)Cenovus replacement stock options were net settled for 29 thousand common shares. The following table summarizes the stock-based compensation expense (recovery) recorded for all plans:
| Three Months Ended |  | Nine Months Ended
For the periods ended September 30, | 2024 |  | 2023 |  | 2024 |  | 2023
Stock Options With Associated Net Settlement Rights | 2 |  | 2 |  | 9 |  | 9
Cenovus Replacement Stock Options | (2) |  | 6 |  | 1 |  | (1)
Performance Share Units | (4) |  | 98 |  | 57 |  | 125
Restricted Share Units | (2) |  | 35 |  | 50 |  | 56
Deferred Share Units | (6) |  | 10 |  | 6 |  | 7
Stock-Based Compensation Expense (Recovery) | (12) |  | 151 |  | 123 |  | 196
PSUs and RSUs granted under the Performance Share Unit Plan and Restricted Share Unit Plan for Local Employees in the Asia Pacific region may only be settled in cash.

X
- Definition The entire disclosure for share-based payment arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 44 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_44&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration