Stock-Based Compensation Plans

6 Months Ended

Jun. 30, 2018

Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Abstract]

Stock-Based Compensation Plans

19. STOCK-BASED COMPENSATION PLANS

Cenovus has a number of stock-based compensation plans which include stock options with associated NSRs, performance share units (“PSUs”), restricted share units (“RSUs”) and deferred share units (“DSUs”). The following tables summarize information related to Cenovus’s stock-based compensation plans:

	Units Outstanding		Units Exercisable
As at June 30, 2018	(thousands)		(thousands)
NSRs		36,864		29,247
PSUs		6,338	-
RSUs		6,996	-
DSUs		1,538		1,538

The weighted average exercise price of NSRs as at June 30, 2018 was $26.39.

	Units Granted		Units Vested and Paid Out
For the six months ended June 30, 2018	(thousands)		(thousands)
NSRs		3,909		-
PSUs		3,068		-
RSUs		3,487		1,772
DSUs		198		114

The following table summarizes the stock-based compensation expense (recovery) recorded for all plans:

	Three Months Ended				Six Months Ended
For the periods ended June 30,		2018	2017			2018		2017
NSRs		2	4			4		6
PSUs		9	(6	)		(2	)	(12	)
RSUs		8	(3	)		7		(6	)
DSUs		4	(10	)		5		(17	)
Stock-Based Compensation Expense (Recovery)		23	(15	)		14		(29	)
Stock-Based Compensation Costs Capitalized		7	(3	)		5		(4	)
Total Stock-Based Compensation		30	(18	)		19		(33	)