Annual Report 2022

Annual Report 2022

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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
CHF

 

Number of options in money

 

Ø exercise price
CHF

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

1

The number of options allocated with final effect at the end of the vesting period depends on target achievement (average ROIC).

This table also includes options under participation plans from earlier years that have different terms and vesting conditions.

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

1

The number of options allocated with final effect at the end of the vesting period depends on target achievement (average ROIC).

This table also includes options under participation plans from earlier years that have different terms and vesting conditions.

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.