8. Summary of share and option plans 2018

This section has been audited by the external auditor as part of the Financial Notes to the Consolidated Statements of the Geberit Group.

In 2018, employees, management and the members of the Board of Directors participated in three different share plans. The plans are described for the management and the Board of Directors in this Remuneration Report and for the employees in Note 17 of the consolidated financial statements (participation plans). Under the three different share plans, a total of the following numbers of shares were allocated.

  End of
blocking
period
Number of
participants
Number of
shares
issued
Issuing
price
CHF
Employee share purchase plan 2018 (ESPP) 2020 2,518 18,327 280.95
Management share purchase plan 2018 (MSPP) 2021 101 9,448 432.20
Directors programme 2018 2022 7 3,199 432.20
Total     30,974  

The 30,974 shares required for these plans were taken from the stock of treasury shares.

In 2018, Geberit management participated in two different option plans (MSPP and MSOP). The plans are described in this Remuneration Report. Under the two different option plans, a total of the following numbers of options were allocated.

  End of vesting period Maturity Number of participants Number of options allocated Exercise price CHF
Management share purchase plan 2018 (MSPP) 2019–2022 2025 101 9,448 432.20
Option plan 2018 (MSOP) 2021–2023 2028 90 107,331 432.20
Total 116,779

The fair value of the options granted in 2018 amounted to CHF 36.61 (MSPP) and CHF 39.29 (MSOP) at the respective grant date. The fair value was determined using the binomial model for “American Style Call Options”.

The calculation model was based on the following parameters:

  Exercise
price*
Expected
Ø volatility
Expected Ø
dividend yield
Contractual
period
Risk free Ø
interest rate
  CHF % % Years %
Management share purchase plan 2018 (MSPP) 432.20 16.88 2.39 7 -0.09
Option plan 2018 (MSOP) 432.20 16.14 2.39 10 0.16
* The exercise price corresponds to the average price of Geberit shares for the period from 6.-19.3.2018.

Costs resulting from share participation plans amounted to CHF 3.0 million in 2018 (previous year CHF 4.3 million); those for option plans totalled CHF 3.8 million (previous year CHF 3.2 million).

Services

Downloadcenter
Mark page
Graphics Collection
Print
Forward content
Compare to 2017
Help