9. Summary of shares and options held by management and employees as of 31 December 2022
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 2022, the Board of Directors, the Group Executive Board and the employees owned a combined total of 411,998 (previous year 407,722) shares, i.e. 1.1% (previous year 1.1%) of the share capital of Geberit AG.
The following table summarises all option plans in place as of 31 December 20221:
End of vesting period |
|
Maturity |
|
Number of options outstanding |
|
Ø exercise price |
|
Number of options |
|
Ø exercise price |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Vested |
|
2023–2028 |
|
319,567 |
|
411.36 |
|
249,677 |
|
404.48 |
||||||
2023 |
|
2028–2029 |
|
421,511 |
|
450.15 |
|
29,587 |
|
432.20 |
||||||
2024 |
|
2030 |
|
185,419 |
|
569.65 |
|
0 |
|
0 |
||||||
2025 |
|
2032 |
|
228,379 |
|
584.10 |
|
0 |
|
0 |
||||||
Total |
|
|
|
1,154,876 |
|
485.09 |
|
279,264 |
|
407.42 |
||||||
|
||||||||||||||||
The following movements took place in 2022 and 20211:
|
|
MSOP |
|
MSPP |
|
Total 2022 |
|
Total 2021 |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
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 |
|
904,260 |
|
459.82 |
|
69,957 |
|
467.39 |
|
974,217 |
|
460.36 |
|
919,554 |
|
424.34 |
||||||
Granted options |
|
195,935 |
|
584.10 |
|
32,444 |
|
584.10 |
|
228,379 |
|
584.10 |
|
197,785 |
|
569.65 |
||||||
Forfeited options |
|
29,670 |
|
498.13 |
|
0 |
|
0 |
|
29,670 |
|
498.13 |
|
43,995 |
|
420.62 |
||||||
Expired options |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
||||||
Exercised options |
|
14,560 |
|
381.99 |
|
3,490 |
|
380.09 |
|
18,050 |
|
381.62 |
|
99,127 |
|
361.91 |
||||||
Outstanding 31 December |
|
1,055,965 |
|
482.87 |
|
98,911 |
|
508.75 |
|
1,154,876 |
|
485.09 |
|
974,217 |
|
460.36 |
||||||
Exercisable at 31 December |
|
228,813 |
|
404.04 |
|
20,864 |
|
409.26 |
|
249,677 |
|
404.48 |
|
120,378 |
|
401.97 |
||||||
|
||||||||||||||||||||||
The numbers of the options under the participation programmes 2019–2021 were changed to the effective number of options granted. This has no impact on the financial statements of the Group.
The options outstanding on 31 December 2022 had an exercise price of between CHF 361.75 and CHF 584.10 and an average remaining contractual life of 6.5 years.