Employee deferred compensation (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Share-based compensation disclosures |
|
| Deferred compensation expense |
Deferred compensation expense
|
in
|
|
2021
|
|
2020
|
|
2019
|
|
|
Deferred compensation expense (CHF million)
|
|
Share awards
|
|
482
|
|
573
|
|
589
|
|
|
Performance share awards
|
|
290
|
|
448
|
|
438
|
|
|
Contingent Capital Awards
|
|
202
|
|
255
|
|
308
|
|
|
Cash awards
|
|
350
|
|
398
|
|
420
|
|
|
Retention awards
|
|
123
|
|
43
|
|
22
|
|
|
Total deferred compensation expense
|
|
1,447
|
|
1,717
|
|
1,777
|
|
|
|
|
|
|
|
|
|
|
|
Total shares delivered (million)
|
|
Total shares delivered
|
|
58.5
|
|
50.7
|
|
41.8
|
|
|
Contingent Capital share awards are included in the category Share awards, and Capital Opportunity Facility awards are included in the category Cash awards. Prior periods have been reclassified to conform to the current presentation.
|
|
| Additional information |
Estimated unrecognized deferred compensation
|
end of
|
|
2021
|
|
|
Estimated unrecognized compensation expense (CHF million)
|
|
Share awards
|
|
349
|
|
|
Performance share awards
|
|
146
|
|
|
Contingent Capital Awards
|
|
134
|
|
|
Cash awards
|
|
223
|
|
|
Retention awards
|
|
284
|
|
|
Total
|
|
1,136
|
|
|
|
|
|
|
|
Aggregate remaining weighted-average requisite service period (years)
|
|
Aggregate remaining weighted-average requisite service period
|
|
1.4
|
|
|
Does not include the estimated unrecognized compensation expense relating to grants made in 2022 for 2021.
|
|
| Contingent Capital Awards (CCA) |
|
| Share-based compensation disclosures |
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
Contingent Capital Awards granted for previous years
|
For compensation year
|
|
2021
|
|
2020
|
|
2019
|
|
|
CCA awarded (CHF million)
|
|
75
|
|
253
|
|
268
|
|
|
| Stock compensation plan | Share awards |
|
| Share-based compensation disclosures |
|
| Share-based award activities |
Share award activities
|
|
|
2021
|
|
2020
|
|
2019
|
|
|
|
|
Number of
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
Number of
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
Number of
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
|
Share awards
|
|
Balance at beginning of period
|
|
126.3
|
|
11.86
|
|
110.5
|
|
13.46
|
|
83.2
|
|
16.15
|
|
|
Granted
|
|
86.4
|
|
11.17
|
|
69.1
|
|
10.61
|
|
69.3
|
|
11.68
|
|
|
Settled
|
|
(53.3)
|
|
12.44
|
|
(47.9)
|
|
13.76
|
|
(36.9)
|
|
16.15
|
|
|
Forfeited
|
|
(15.6)
|
|
11.52
|
|
(5.4)
|
|
11.72
|
|
(5.1)
|
|
13.83
|
|
|
Balance at end of period
|
|
143.8
|
|
11.27
|
|
126.3
|
|
11.86
|
|
110.5
|
|
13.46
|
|
|
of which vested
|
|
13.1
|
|
–
|
|
13.5
|
|
–
|
|
11.9
|
|
–
|
|
|
of which unvested
|
|
130.7
|
|
–
|
|
112.8
|
|
–
|
|
98.6
|
|
–
|
|
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
Share awards granted for previous years
|
For compensation year
|
|
2021
|
|
2020
|
|
2019
|
|
|
Shares awarded (million)
|
|
27.7
|
|
44.6
|
|
57.9
|
|
|
Value of shares awarded (CHF million)
|
|
216
|
|
592
|
|
626
|
|
|
Fair value of each share awarded (CHF) 1
|
|
8.61
|
|
12.59
|
|
10.81
|
|
1
Based on the Group’s share price on the grant date.
|
|
| Stock compensation plan | Phantom and Blocked Shares [Member] |
|
| Share-based compensation disclosures |
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
Blocked share awards granted for previous years
|
For compensation year
|
|
2021
|
|
2020
|
|
2019
|
|
|
Blocked shares awarded (million)
|
|
5.0
|
|
2.6
|
|
3.2
|
|
|
Value of shares awarded (CHF million)
|
|
41
|
|
35
|
|
37
|
|
|
| Performance shares | Performance share awards |
|
| Share-based compensation disclosures |
|
| Share-based award activities |
Performance share award activities
|
|
|
2021
|
|
2020
|
|
2019
|
|
|
|
|
Number of
performance
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
Number of
performance
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
Number of
performance
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
|
Performance share awards
|
|
Balance at beginning of period
|
|
91.7
|
|
11.66
|
|
72.4
|
|
13.38
|
|
51.7
|
|
16.33
|
|
|
Granted
|
|
28.5
|
|
12.70
|
|
50.9
|
|
10.63
|
|
45.4
|
|
11.60
|
|
|
Settled
|
|
(34.5)
|
|
12.50
|
|
(29.0)
|
|
14.13
|
|
(22.8)
|
|
16.51
|
|
|
Forfeited
|
|
(8.5)
|
|
11.78
|
|
(2.6)
|
|
11.62
|
|
(1.9)
|
|
13.67
|
|
|
Balance at end of period
|
|
77.2
|
|
11.66
|
|
91.7
|
|
11.66
|
|
72.4
|
|
13.38
|
|
|
of which vested
|
|
11.2
|
|
–
|
|
10.4
|
|
–
|
|
6.7
|
|
–
|
|
|
of which unvested
|
|
66.0
|
|
–
|
|
81.3
|
|
–
|
|
65.7
|
|
–
|
|
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
Performance share awards granted for previous years
|
For compensation year
|
|
2021
|
|
2020
|
|
2019
|
|
|
Performance shares awarded (million)
|
|
19.4
|
|
37.8
|
|
50.7
|
|
|
Value of performance shares awarded (CHF million)
|
|
161
|
|
493
|
|
553
|
|
|
Fair value of each performance share awarded (CHF) 1
|
|
8.61
|
|
12.59
|
|
10.81
|
|
1
Based on the Group’s share price on the grant date.
|
|
| Bank |
|
| Share-based compensation disclosures |
|
| Deferred compensation expense |
Deferred compensation expense
|
in
|
|
2021
|
|
2020
|
|
2019
|
|
|
Deferred compensation expense (CHF million)
|
|
Share awards
|
|
466
|
|
555
|
|
573
|
|
|
Performance share awards
|
|
281
|
|
427
|
|
423
|
|
|
Contingent Capital Awards
|
|
194
|
|
245
|
|
298
|
|
|
Cash awards
|
|
370
|
|
378
|
|
378
|
|
|
Retention awards
|
|
123
|
|
43
|
|
22
|
|
|
Total deferred compensation expense
|
|
1,434
|
|
1,648
|
|
1,694
|
|
|
|
|
|
|
|
|
|
|
|
Total shares delivered (million)
|
|
Total shares delivered
|
|
55.7
|
|
48.3
|
|
40.1
|
|
|
Contingent Capital share awards are included in the category Share awards, and Capital Opportunity Facility awards are included in the category Cash awards. Prior periods have been reclassified to conform to the current presentation.
|
|
| Additional information |
Estimated unrecognized deferred compensation
|
end of
|
|
2021
|
|
|
Estimated unrecognized compensation expense (CHF million)
|
|
Share awards
|
|
338
|
|
|
Performance share awards
|
|
139
|
|
|
Contingent Capital Awards
|
|
129
|
|
|
Cash awards
|
|
221
|
|
|
Retention awards
|
|
284
|
|
|
Total
|
|
1,111
|
|
|
|
|
|
|
|
Aggregate remaining weighted-average requisite service period (years)
|
|
Aggregate remaining weighted-average requisite service period
|
|
1.4
|
|
|
Does not include the estimated unrecognized compensation expense relating to grants made in 2022 for 2021.
|
|
| Bank | Contingent Capital Awards (CCA) |
|
| Share-based compensation disclosures |
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
Contingent Capital Awards granted for previous years
|
For compensation year
|
|
2021
|
|
2020
|
|
2019
|
|
|
|
|
CCA awarded (CHF million)
|
|
71
|
|
245
|
|
257
|
|
|
| Bank | Stock compensation plan | Share awards |
|
| Share-based compensation disclosures |
|
| Share-based award activities |
Share award activities
|
|
|
2021
|
|
2020
|
|
2019
|
|
|
|
|
Number of
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
Number of
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
Number of
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
|
Share awards
|
|
Balance at beginning of period
|
|
115.2
|
|
11.82
|
|
101.9
|
|
13.45
|
|
77.1
|
|
16.23
|
|
|
Granted
|
|
85.7
|
|
11.19
|
|
64.0
|
|
10.65
|
|
65.0
|
|
11.69
|
|
|
Settled
|
|
(50.1)
|
|
12.44
|
|
(45.1)
|
|
13.83
|
|
(35.2)
|
|
16.20
|
|
|
Forfeited
|
|
(15.5)
|
|
11.52
|
|
(5.6)
|
|
11.74
|
|
(5.0)
|
|
13.93
|
|
|
Balance at end of period
|
|
135.3
|
|
11.22
|
|
115.2
|
|
11.82
|
|
101.9
|
|
13.45
|
|
|
of which vested
|
|
11.8
|
|
–
|
|
12.0
|
|
–
|
|
10.9
|
|
–
|
|
|
of which unvested
|
|
123.5
|
|
–
|
|
103.2
|
|
–
|
|
91.0
|
|
–
|
|
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
Share awards granted for previous years
|
For compensation year
|
|
2021
|
|
2020
|
|
2019
|
|
|
Shares awarded (million)
|
|
26.9
|
|
43.5
|
|
55.9
|
|
|
Value of shares awarded (CHF million)
|
|
210
|
|
576
|
|
604
|
|
|
| Bank | Stock compensation plan | Phantom and Blocked Shares [Member] |
|
| Share-based compensation disclosures |
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
Blocked share awards granted for previous years
|
For compensation year
|
|
2021
|
|
2020
|
|
2019
|
|
|
Blocked shares awarded (million)
|
|
4.6
|
|
2.3
|
|
2.8
|
|
|
Value of shares awarded (CHF million)
|
|
38
|
|
31
|
|
32
|
|
|
| Bank | Performance shares | Performance share awards |
|
| Share-based compensation disclosures |
|
| Share-based award activities |
Performance share award activities
|
|
|
2021
|
|
2020
|
|
2019
|
|
|
|
|
Number of
performance
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
Number of
performance
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
Number of
performance
share
awards
in million
|
|
Weighted-
average
grant-date
fair value
in CHF
|
|
|
Performance share awards
|
|
Balance at beginning of period
|
|
88.0
|
|
11.67
|
|
69.7
|
|
13.37
|
|
50.0
|
|
16.33
|
|
|
Granted
|
|
27.4
|
|
12.71
|
|
48.8
|
|
10.63
|
|
43.9
|
|
11.60
|
|
|
Settled
|
|
(33.2)
|
|
12.50
|
|
(28.0)
|
|
14.12
|
|
(22.3)
|
|
16.51
|
|
|
Forfeited
|
|
(8.4)
|
|
11.78
|
|
(2.5)
|
|
11.64
|
|
(1.9)
|
|
13.58
|
|
|
Balance at end of period
|
|
73.8
|
|
11.67
|
|
88.0
|
|
11.67
|
|
69.7
|
|
13.37
|
|
|
of which vested
|
|
10.4
|
|
–
|
|
9.6
|
|
–
|
|
6.4
|
|
–
|
|
|
of which unvested
|
|
63.4
|
|
–
|
|
78.4
|
|
–
|
|
63.3
|
|
–
|
|
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] |
Performance share awards granted for previous years
|
For compensation year
|
|
2021
|
|
2020
|
|
2019
|
|
|
Performance shares awarded (million)
|
|
18.5
|
|
36.6
|
|
48.7
|
|
|
Value of performance shares awarded (CHF million)
|
|
154
|
|
478
|
|
531
|
|
|