XML 149 R72.htm IDEA: XBRL DOCUMENT v3.20.4
Share-based payments (Tables)
 12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangements [Abstract]  
Explanation of effect of share-based payments on entity's profit or loss
The following share-based payment amounts are included in the income statements as operating costs.
FOR THE YEAR ENDED DECEMBER 31 2020 2019
ESP (31) (29)
RSUs/PSUs (51) (54)
Other (1)
 (9) (10)
Total share-based payments (91) (93)
(1) Includes DSP, DSUs and stock options.
Disclosure of number and weighted average exercise prices of share options
The following table summarizes the status of unvested employer contributions at December 31, 2020 and 2019.
NUMBER OF ESP SHARES 2020 2019
Unvested contributions, January 1 1,124,198  1,120,426 
Contributions(1)
 648,812  623,705 
Dividends credited 62,171  57,083 
Vested (581,119) (523,359)
Forfeited (107,082) (153,657)
Unvested contributions, December 31 1,146,980  1,124,198 
(1)The weighted average fair value of the shares contributed was $57 in 2020 and $60 in 2019.
The following table summarizes BCE’s outstanding stock options at December 31, 2020 and 2019.
    2020 2019
  NOTE NUMBER OF OPTIONS WEIGHTED AVERAGE EXERCISE PRICE ($) NUMBER OF OPTIONS WEIGHTED AVERAGE EXERCISE PRICE ($)
Outstanding, January 1   12,825,541  57  14,072,332  56 
Granted   3,420,407  65  3,357,303  58 
Exercised(1)
 29 (506,828) 52  (4,459,559) 54 
Forfeited or expired   (88,886) 61  (144,535) 58 
Outstanding, December 31   15,650,234  59  12,825,541  57 
Exercisable, December 31   5,186,600  58  2,786,043  56 
(1)The weighted average market share price for options exercised was $63 in 2020 and $62 in 2019.
Disclosure of number and weighted average exercise prices of other equity instruments
The following table summarizes outstanding RSUs/PSUs at December 31, 2020 and 2019.
NUMBER OF RSUs/PSUs 2020 2019
Outstanding, January 1 2,915,118  2,812,697 
Granted(1)
 866,127  975,348 
Dividends credited 165,435  149,648 
Settled (935,117) (932,133)
Forfeited (38,170) (90,442)
Outstanding, December 31 2,973,393  2,915,118 
Vested, December 31(2)
 1,065,454  904,266 
(1)The weighted average fair value of the RSUs/PSUs granted was $63 in 2020 and $58 in 2019.
(2)The RSUs/PSUs vested on December 31, 2020 were fully settled in February 2021 with BCE common shares and/or DSUs.
The following table summarizes the status of outstanding DSUs at December 31, 2020 and 2019.
NUMBER OF DSUs 2020 2019
Outstanding, January 1 4,623,099  4,391,997 
Issued(1)
 77,042  84,588 
Settlement of RSUs/PSUs 90,435  146,960 
Dividends credited 255,960  236,079 
Settled (815,864) (236,525)
Outstanding, December 31 4,230,672  4,623,099 
(1)The weighted average fair value of the DSUs issued was $61 in 2020 and $59 in 2019.
Disclosure of range of exercise prices of outstanding share options
The following table provides additional information about BCE’s stock option plans at December 31, 2020 and 2019.
STOCK OPTIONS OUTSTANDING
2020 2019
RANGE OF EXERCISE PRICES NUMBER WEIGHTED AVERAGE REMAINING LIFE (YEARS) WEIGHTED AVERAGE EXERCISE PRICE ($) NUMBER WEIGHTED AVERAGE REMAINING LIFE (YEARS) WEIGHTED AVERAGE EXERCISE PRICE ($)
$40-$49
 187,744  —  ¹ 48  449,216  1  47 
$50-$59
 11,998,200  5  58  12,271,003  6  58 
$60 & above
 3,464,290  9  65  105,322  4  61 
15,650,234  7  59  12,825,541  5  57 
(1) Stock options outstanding expire in February 2021.
Disclosure of indirect measurement of fair value of goods or services received, share options granted during period The following table shows the principal assumptions used in the valuation.
2020 2019
Weighted average fair value per option granted $1.55 $2.34
Weighted average share price $63 $58
Weighted average exercise price $65 $58
Expected dividend growth 5  % 5  %
Expected volatility 12  % 14  %
Risk-free interest rate 1  % 2  %
Expected life (years) 4 4