| Summary of Compensation of Key Management Personnel and Directors |
Compensation of Key management personnel and Directors
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For the year ended |
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(Millions of Canadian dollars) |
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Salaries and other short-term employee benefits (2) |
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$ |
19 |
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Post-employment benefits (3) |
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3 |
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35 |
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$ |
57 |
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(1) |
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During the year ended October 31, 2022 certain executives, who were members of the Bank’s GE as at October 31, 2021, left the Bank and therefore were no longer part of KMP. Compensation for the year ended October 31, 2022 attributable to the former executives, including benefits and share-based payments relating to awards granted in prior years was $14 million. |
(2) |
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Includes the portion of the annual variable short-term incentive bonus that certain executives elected to receive in the form of DSUs. Refer to Note 21 for further details. Directors receive retainers but do not receive salaries and other short-term employee benefits. |
(3) |
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Directors do not receive post-employment benefits. |
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| Summary of Stock Options, Stock Awards and Shares Held by Key Management Personnel, Directors and Their Close Family Members |
Stock options, stock awards and shares held by Key management personnel, Directors and their close family members
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As at |
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(1) |
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October 31, 2021 (2) |
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(Millions of Canadian dollars, except number of units) |
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No. of
units held |
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Value |
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2,369,659 |
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$ |
81 |
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Other non-option stock based awards (3) |
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983,004 |
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127 |
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RBC common and preferred shares |
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183,783 |
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24 |
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3,536,446 |
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$ |
232 |
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| (1) |
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During the year ended October 31, 2022 certain executives, who were members of the Bank’s as at October 31, 2021, left the Bank and therefore were no longer part of KMP. Total shareholdings and options held upon their departure wa s 569,470 units with a value of $34 million. |
| (2) |
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During the year ended October 31, 2021 certain directors, who were members of the Board of Directors as at October 31, 2020, retired. Total shareholdings held upon their retirement wa s 21,723 units with a value of $3 million. |
| (3) |
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Directors do not receive stock options or any other non-option stock based awards. |
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