8. Summary of share and option plans 2019

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

In 2019, 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
Number of
Number of
Employee share purchase plan (ESPP) 2021 2,424 18,903 264.40
Management share purchase plan (MSPP) 2022 99 10,278 406.75
Board of Directors compensation 2023 6 3,398 406.75
Total     32,579  

The 32,579 shares required for these plans were taken from the stock of treasury shares.

In 2019, Geberit management participated in two different option plans (MSPP and MSOP). The plans are described in this Remuneration Report. Under these plans, the following numbers of options are expected to be allocated with final effect at the end of the vesting period*.

  End of vesting
Maturity Number of
Number of
options expected
to be allocated
Exercise price
Management share purchase plan (MSPP) 2019–2022 2028 99 10,278 406.75
Option plan (MSOP) 2019–2022 2028 92 114,435 406.75
Total       124,713  

The fair value of the options granted in 2019 amounted to CHF 39.39 (MSPP) and CHF 39.39 (MSOP) on average 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:

Ø volatility
Expected Ø
dividend yield
Risk-free Ø
interest rate
  CHF % % Years %
Management share purchase plan (MSPP) 406.75 16.51 2.55 9 -0.27
Option plan (MSOP) 406.75 16.51 2.55 9 -0.27
1 The exercise price corresponds to the average price of Geberit shares for the period from 5. – 18.3.2019.     

Costs resulting from share participation plans amounted to CHF 2.9 million in 2019 (previous year CHF 3.0 million); those for option plans totalled CHF 4.7 million (previous year CHF 3.8 million).

* 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.


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