Share-Based Payments

3 Months Ended

Jan. 31, 2026

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Share-Based Payments

12. Share-based payments

In Q1 2026, the Bank granted 1,428,056 options with an exercise price of $100.35 per option and a weighted average fair value of $10.68 to select employees, under the terms of the Employee Stock Option Plan. These stock options vest 50% at the end of the third year and 50% at the end of the fourth year.

The Bank recorded an increase to equity – other reserves of $8 million for the three months ended January 31, 2026 (January 31, 2025 – $8 million), as a result of equity-classified share-based payment expense.