Annual Report 2025

Annual Report 2025

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7. Remuneration awarded to the Board of Directors and share ownership in 2025

This section was audited by the external auditor.

The remuneration of the BoD consists solely of a fixed remuneration paid out in the form of cash and non-discounted restricted shares. In 2025, members of the BoD received a total remuneration of TCHF 2,287 (previous year TCHF 2,287). Remuneration for regular Board activities and committee assignments amounted to TCHF 2,100 (previous year TCHF 2,100). The structure of remuneration of the members of the BoD has not changed compared to the previous year.

Please refer to the following table for details pertaining to the (gross) remuneration of members of the BoD:

Board of Directors – Remuneration details 2025

 

 

A. Baehny
Chair

 

E. Zehnder‑Lai
Vice Chair

 

F. Ehrat

 

B. Koch

 

W. Karlen

 

T. Bachmann

 

Total

 

 

CHF

 

CHF

 

CHF

 

CHF

 

CHF

 

CHF

 

CHF

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remuneration of the BoD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued remuneration1

 

270,000

 

290,000

 

235,000

 

220,000

 

250,000

 

220,000

 

1,485,000

Cash remuneration

 

615,000

 

 

 

 

 

 

 

 

 

 

 

615,000

Expenses

 

15,000

 

15,000

 

15,000

 

15,000

 

15,000

 

15,000

 

90,000

Contributions to social insurance

 

43,045

 

13,808

 

8,994

 

10,888

 

12,135

 

8,370

 

97,240

Total

 

943,045

 

318,808

 

258,994

 

245,888

 

277,135

 

243,370

 

2,287,240

1

Director’s fee booked, but not yet paid as at 31 December. Payment will be made in the first quarter of 2026 in the form of restricted shares of the company with a par value of CHF 0.10 each; 4-year blocking period; valued at fair value at grant date. The portion not paid in shares is used for the payment of social charges and for Swiss withholding taxes for non-Swiss BoD members.

In 2025, no remuneration was paid to former members of the BoD.

Board of Directors – Remuneration details 2024

 

 

A. Baehny
Chair

 

E. Zehnder‑Lai
Vice Chair

 

F. Ehrat

 

B. Koch

 

W. Karlen

 

T. Bachmann

 

Total

 

 

CHF

 

CHF

 

CHF

 

CHF

 

CHF

 

CHF

 

CHF

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remuneration of the BoD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued remuneration1

 

270,000

 

290,000

 

235,000

 

220,000

 

250,000

 

220,000

 

1,485,000

Cash remuneration

 

615,000

 

 

 

 

 

 

 

 

 

 

 

615,000

Expenses

 

15,000

 

15,000

 

15,000

 

15,000

 

15,000

 

15,000

 

90,000

Contributions to social insurance

 

43,054

 

13,818

 

8,996

 

10,882

 

12,131

 

8,360

 

97,241

Total

 

943,054

 

318,818

 

258,996

 

245,882

 

277,131

 

243,360

 

2,287,241

1

Director’s fee booked, but not yet paid as at 31 December. Payment was made in the first quarter of 2025 in the form of restricted shares of the company with a par value of CHF 0.10 each; 4-year blocking period; valued at fair value at grant date. The portion not paid in shares was used for the payment of social charges and for Swiss withholding taxes for non-Swiss BoD members.

In 2024, no remuneration was paid to former members of the BoD.

For the period from the 2025 AGM to the 2026 AGM, the remuneration paid to the BoD is expected to amount to CHF 2,287,293. This is within the limit of CHF 2,350,000 approved by the 2025 AGM.

Reconciliation between the reported Board remuneration and the amount approved by the shareholders at the Annual General Meeting

Board of Directors – Reconciliation between the reported board compensation and the amount approved by the shareholders at the AGM

(in CHF)

 

11

 

22

 

33

 

44

 

55

 

66

AGM 2025–AGM 2026

 

2025

 

1 Jan 2025 to 2025 AGM

 

1 Jan 2026 to 2026 AGM

 

2025 AGM to 2026 AGM

 

AGM 2025

 

AGM 2025

BoD (Total)

 

2,287,240

 

-571,811

 

571,864

 

2,287,293

 

2,350,000

 

97%

AGM 2024–AGM 2025

 

2024

 

1 Jan 2024 to 2024 AGM

 

1 Jan 2025 to 2025 AGM

 

2024 AGM to 2025 AGM

 

AGM 2024

 

AGM 2024

BoD (Total)

 

2,287,241

 

-571,835

 

571,811

 

2,287,217

 

2,350,000

 

97%

1

Remuneration earned during financial year as reported (A)

2

Less remuneration earned from January to AGM of financial year (B)

3

Plus remuneration accrued from January to AGM of year following financial year (C)/budget value for 2026

4

Total remuneration earned for the period from AGM to AGM (A – B + C)

5

Amount approved by shareholders at respective AGM

6

Ratio between remuneration earned for the period from AGM to AGM versus amount approved by shareholders

Share ownership

As of the end of 2025 and 2024, the members of the BoD held the following shares in the company:

Board of Directors – Shareholdings 2025

 

 

A. Baehny
Chair

 

E. Zehnder‑Lai
Vice Chair

 

F. Ehrat

 

B. Koch

 

W. Karlen

 

T. Bachmann

 

Total

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholdings BoD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

116,306

 

3,806

 

6,280

 

2,390

 

2,099

 

1,764

 

132,645

Share of voting rights

 

0.34%

 

< 0.1%

 

< 0.1%

 

< 0.1%

 

< 0.1%

 

< 0.1%

 

0.39%

Board of Directors – Shareholdings 2024

 

 

A. Baehny
Chair

 

E. Zehnder‑Lai
Vice Chair

 

F. Ehrat

 

B. Koch

 

W. Karlen

 

T. Bachmann

 

Total

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholdings BoD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

115,808

 

3,274

 

5,845

 

1,987

 

1,641

 

1,357

 

129,912

Share of voting rights

 

0.33%

 

< 0.1%

 

< 0.1%

 

< 0.1%

 

< 0.1%

 

< 0.1%

 

0.37%

As of 31 December 2025, and in compliance with the Articles of Incorporation of Geberit AG, there were no outstanding loans or credits between the company and the members of the BoD, closely related parties or former members of the BoD.