9. Summary of shares and options held by management and employees as of 31 December 2020

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 2020, the Board of Directors, the Group Executive Board and the employees owned a combined total of 395,271 (previous year 372,600) shares, i.e. 1.1% (previous year 1.0%) of the share capital of Geberit AG.

The following table summarises all option plans in place as at 31 December 2020*:

End of vesting period	Maturity	Number of options outstanding	Ø exercise price CHF	Number of options in the money	Ø exercise price CHF
Vested	2021–2027	124,007	363.19	124,007	363.19
2021	2024–2028	105,736	410.23	105,736	410.23
2022	2025–2028	183,520	416.58	183,520	416.58
2023	2028–2029	309,688	449.44	309,688	449.44
Total		722,951	420.57	722,951	420.57
This table also includes options under participation plans from earlier years that have different terms and vesting conditions.

The following movements took place in 2020 and 2019*:

		MSOP		MSPP		Total 2020		Total 2019
	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	483,552	389.35	44,300	401.06	527,852	390.33	507,944	374.19
Granted options	265,551	451.50	12,813	451.50	278,364	451.50	124,713	406.75
Forfeited options	13,182	420.32	314	407.90	13,496	420.04	7,258	530.74
Expired options	0	0	0	0	0	0	0	0
Exercised options	61,200	307.12	8,569	373.74	69,769	315.31	97,547	325.25
Outstanding 31 December	674,721	420.66	48,230	419.28	722,951	420.57	527,852	390.33
Exercisable at 31 December	106,578	357.81	17,429	396.08	124,007	363.19	117,637	311.78
This table also includes options under participation plans from earlier years that have different terms and vesting conditions.

The options outstanding at 31 December 2020 had an exercise price of between CHF 281.95 and CHF 451.50 and an average remaining contractual life of 6.7 years.

^* 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.

9. Summary of shares and options held by management and employees as of 31 December 2020

Services