9. Summary of shares and options held by employees and management as of 31 December 2018
This section has been audited by the external auditor as part of the Financial Notes to the Consolidated Statements of the Geberit Group.
Geberit is committed to a vigilant management of equity dilution. As of 31 December 2018, the Board of Directors, the Group Executive Board and the employees owned a combined total of 386,381 (previous year 362,011) shares, i.e. 1.0% (previous year 1.0%), of the share capital of Geberit AG.
The following table summarises all option plans in place as of 31 December 2018:
| End of vesting period | Maturity | Number of options outstanding | Ø exercise price CHF | Number of options in the money | Ø exercise price CHF |
|---|---|---|---|---|---|
| Vested | 2020–2024 | 146,974 | 296.63 | 143,635 | 293.39 |
| 2019 | 2022–2026 | 68,248 | 363.69 | 62,430 | 357.09 |
| 2020 | 2023–2027 | 77,238 | 398.78 | 38,575 | 361.75 |
| 2021 | 2024–2028 | 109,865 | 410.33 | 36,027 | 361.75 |
| 2022 | 2025–2028 | 70,175 | 433.93 | 0 | 433.93 |
| 2023 | 2028 | 35,444 | 432.20 | 0 | 432.20 |
| Total | 507,944 | 374.19 | 280,667 | 325.73 |
The following movements took place in 2018 and 2017:
| MSOP | MSPP | Total 2018 | Total 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of options | Ø exercise price |
Number of options | Ø exercise price |
Number of options | Ø exercise price |
Number of options | Ø exercise price |
||||
| CHF | CHF | CHF | CHF | ||||||||
| Outstanding 1 January | 426,857 | 351.34 | 46,518 | 353.09 | 473,375 | 351.52 | 402,715 | 313.91 | |||
| Granted options | 107,331 | 432.20 | 9,448 | 432.20 | 116,779 | 432.20 | 123,794 | 435.95 | |||
| Forfeited options | 24,736 | 399.08 | 654 | 369.40 | 25,390 | 398.31 | 1,987 | 359.97 | |||
| Expired options | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Exercised options | 47,571 | 294.86 | 9,249 | 285.72 | 56,820 | 293.37 | 51,147 | 259.38 | |||
| Outstanding 31 December | 461,881 | 373.39 | 46,063 | 382.21 | 507,944 | 374.19 | 473,375 | 351.52 | |||
| Exercisable at 31 December | 124,875 | 289.04 | 19,020 | 322.38 | 143,895 | 293.39 | 130,426 | 282.31 |
The options outstanding at 31 December 2018 had an exercise price of between CHF 231.20 and CHF 435.95 and an average remaining contractual life of 5.5 years.