Dividend yield 3.4% 4.0%
Volatility of Class B Non-Voting shares 26.2% 28.1%
Weighted average expected life n/a 5.4 years
Weighted average time to vest 2.4 years 2.4 years
Weighted average time to expiry 9.9 years 6.9 years
Employee exit rate 3.3% 3.9%
Suboptimal exercise factor 1.5 2.6
Lattice steps 50 50
Volatility has been estimated based on the actual trading statistics of
our Class B Non-Voting shares.
NOTE 25: RELATED PARTY TRANSACTIONS
Controlling Shareholder
Our ultimate controlling shareholder is the Rogers Control Trust (the
Trust) which holds voting control of Rogers. The beneficiaries of the
Trust are members of the Rogers family. Certain directors, senior
executives and corporate officers of Rogers represent the Rogers family.
We entered into certain transactions with the ultimate controlling
shareholder and private Rogers’ family holding companies controlled by
the Trust. These transactions, as summarized below, were recorded at
the amount agreed to by the related parties and are subject to the
terms and conditions of formal agreements approved by the Audit
Committee.
Transactions with Key Management Personnel
Key management personnel include the directors and our most senior
corporate officers who are primarily responsible for planning, directing
and controlling our business activities.
Compensation
The compensation expense for key management for employee services
was included in employee salaries and benefits as follows:
2013 2012
Salaries, pension and other short-term
employee benefits $1 1 $1 0
Stock-based compensation expense 27 35
$3 8 $4 5
122 ROGERS COMMUNICATIONS INC. 2013 ANNUAL REPORT