9. Summary of shares and options held by management and employees as of 31 December 2020
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 2020, the Board of Directors, the Group Executive Board and the employees owned a combined total of 395,271 (previous year 372,600) shares, i.e. 1.1% (previous year 1.0%) of the share capital of Geberit AG.
The following table summarises all option plans in place as at 31 December 2020*:
| End of vesting period | Maturity | Number of options outstanding |
Ø exercise price CHF |
Number of options in the money |
Ø exercise price CHF |
| Vested | 2021–2027 | 124,007 | 363.19 | 124,007 | 363.19 |
| 2021 | 2024–2028 | 105,736 | 410.23 | 105,736 | 410.23 |
| 2022 | 2025–2028 | 183,520 | 416.58 | 183,520 | 416.58 |
| 2023 | 2028–2029 | 309,688 | 449.44 | 309,688 | 449.44 |
| Total | 722,951 | 420.57 | 722,951 | 420.57 | |
| This table also includes options under participation plans from earlier years that have different terms and vesting conditions. | |||||
The following movements took place in 2020 and 2019*:
| MSOP | MSPP | Total 2020 | Total 2019 | ||||||||
| 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 | 483,552 | 389.35 | 44,300 | 401.06 | 527,852 | 390.33 | 507,944 | 374.19 | |||
| Granted options | 265,551 | 451.50 | 12,813 | 451.50 | 278,364 | 451.50 | 124,713 | 406.75 | |||
| Forfeited options | 13,182 | 420.32 | 314 | 407.90 | 13,496 | 420.04 | 7,258 | 530.74 | |||
| Expired options | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Exercised options | 61,200 | 307.12 | 8,569 | 373.74 | 69,769 | 315.31 | 97,547 | 325.25 | |||
| Outstanding 31 December | 674,721 | 420.66 | 48,230 | 419.28 | 722,951 | 420.57 | 527,852 | 390.33 | |||
| Exercisable at 31 December | 106,578 | 357.81 | 17,429 | 396.08 | 124,007 | 363.19 | 117,637 | 311.78 | |||
| This table also includes options under participation plans from earlier years that have different terms and vesting conditions. | |||||||||||
The options outstanding at 31 December 2020 had an exercise price of between CHF 281.95 and CHF 451.50 and an average remaining contractual life of 6.7 years.
* The number of options expected to be allocated with final effect at the end of the vesting period depends on target achievement (average ROIC) and has been calculated on the basis of expected target achievement. |
