7 7 7 Notes (1) Options vest over a three-year period in equal thirds commencing on the first anniversary of the grant date and have a 10-year term. Grant dates coincide with the date 10 years prior to the option expiration date. (2) The value of unexercised options was calculated using the closing price of the common shares on the TSX on December 31, 2021, which was C$174.94 per share, less the exercise price of the options. (3) Represents time-based and performance-based RSUs. RSUs (ordered as time-based RSUs followed by performance-based RSUs) are listed in chronological order by grant date of December 11, 2019, December 11, 2020 and December 11, 2021, respectively. Time-based RSUs vest annually in equal thirds commencing on the first anniversary of the grant date and the figures listed represent the one-third (December 11, 2019 original grant), two-thirds (December 11, 2020 grant) and full grant (December 11, 2021 grant), respectively, of the original grant of RSUs that remain unvested. Performance-based RSUs vest on the third anniversary of the award date (i.e. December 11, 2022, December 11, 2023 and December 11, 2024) and are subject to the performance-based multiplier as described in “Elements of Compensation – Restricted Share Units” in this section above. (4) The market or payout value was calculated using the closing price of the common shares on the TSX on December 31, 2021, which was C$174.94 per share. Incentive Plan Awards – Value Vest ed or Earned During the Year The following table (presented in accordance with Form 51-102F6) sets forth details of the value vested or earned during the most recently completed financial year for each incentive plan award. Name Option-based awards Share-based awards Non-equity incentive Value vested during Value vested during plan compensation the year (1) the year (2) Value earned during (in C$) (in C$) the year (in C$) Paul Brink $1,826,970 $2,433,442 $1,072,500 Sandip Rana $418,310 $1,488,360 $507,500 Lloyd Hong $381,386 $1,355,559 $480,000 Eaun Gray $179,805 $599,391 $477,500 Jason O’Connell $193,077 $641,221 $277,500 Notes (1) Represents 33 1/3% of options granted on December 11, 2019 for all Named Executive Officers and August 20, 2018 for Mr. Brink. The value vested during the year of option-based grants was calculated using the closing price of C$199.42 and C$170.04 on the TSX on the vesting dates, which were August 20, 2021 and December 13, 2021 (as December 11, 2021 fell on a Saturd ay), respectively, less the exercise price of the options. (2) Represents: (i) performance-based RSUs which vested on December 13, 2021 (as December 11, 2021 fell on a Saturday) which were granted on December 11, 2018 and adjusted upward pursuant to the performance-based multiplier and (ii) the portion of time-based RSUs which vested in 2021 in respect of time-based RSUs that were granted in 2018, 2019 and 2020, respectively (in each case, being 33 1/3% of the common shares subject to the original RSU grant) as set out below:
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