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Employee deferred compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-based compensation disclosures

Deferred compensation expense

Deferred compensation expense

in		2022		2021		2020
Deferred compensation expense (CHF million)
Share awards		307		482		573
Performance share awards		(3)	1	290		448
Strategic Delivery Plan		248		–		–
Contingent Capital Awards		(3)		202		255
Cash awards		637		350		398
Retention awards		174		123		43
Total deferred compensation expense		1,360		1,447		1,717
Total shares delivered (million)
Total shares delivered		60.3		58.5		50.7
1 Included downward adjustment applied to outstanding performance share awards.

Additional information

Estimated unrecognized deferred compensation

end of		2022
Estimated unrecognized compensation expense (CHF million)
Share awards		203
Performance share awards		52
Strategic Delivery Plan		254
Contingent Capital Awards		55
Cash awards		586
Retention awards		343
Total		1,493
Aggregate remaining weighted-average requisite service period (years)
Aggregate remaining weighted-average requisite service period		1.3
Does not include the estimated unrecognized compensation expense relating to grants made in 2023 for 2022.

Stock compensation plan | Share awards

Share-based compensation disclosures

Share-based award activities

Share award activities

		2022				2021				2020
		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		143.8		11.27		126.3		11.86		110.5		13.46
Granted		79.8	1	6.07		86.4		11.17		69.1		10.61
Settled		(61.1)		11.20		(53.3)		12.44		(47.9)		13.76
Forfeited		(15.1)		10.32		(15.6)		11.52		(5.4)		11.72
Balance at end of period		147.4		8.58		143.8		11.27		126.3		11.86
of which vested		25.9		–		13.1		–		13.5		–
of which unvested		121.5		–		130.7		–		112.8		–
1 Included an adjustment for share awards granted in the fourth quarter of 2022 to compensate for the proportionate dilution of Group shares resulting from the rights offering approved on November 28, 2022. The number of deferred share-based awards held by each individual was increased by 5.64%. The terms and conditions of the adjusted shares were the same as the existing share-based awards, thereby ensuring that holders of the awards were neither advantaged nor disadvantaged by the additional shares granted.

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		2022		2021		2020
Shares awarded (million)		102.8		27.7		44.6
Value of shares awarded (CHF million)		288		216		592
Fair value of each share awarded (CHF) 1		2.87		8.61		12.59
1 Based on the Group’s share price on the grant date.

Stock compensation plan | Strategic Delivery Plan

Share-based compensation disclosures

Share-based award activities

Strategic Delivery Plan activities

		2022
		Number of Strategic Delivery Plan awards in million		Weighted- average grant-date fair value in CHF
Share Delivery Plan
Balance at beginning of period		–		–
Granted		65.9	1	8.11
Settled		0.0		0.00
Forfeited		(4.0)		8.40
Balance at end of period		61.9		8.09
of which vested		7.0		–
of which unvested		54.9		–
1 Included an adjustment for Strategic Delivery Plan awards granted in the fourth quarter of 2022 to compensate for the proportionate dilution of Group shares resulting from the rights offering approved on November 28, 2022. The number of deferred share-based awards held by each individual was increased by 5.64%. The terms and conditions of the adjusted shares were the same as the existing share-based awards, thereby ensuring that holders of the awards were neither advantaged nor disadvantaged by the additional Strategic Delivery Plan shares granted.

Contingent Capital Awards

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		2022		2021		2020
Blocked shares awarded (million)		6.1		5.0		2.6
Value of shares awarded (CHF million)		16		41		35

Performance shares | Performance share awards

Share-based compensation disclosures

Share-based award activities

Performance share award activities

		2022				2021				2020
		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		77.2		11.66		91.7		11.66		72.4		13.38
Granted		3.5	1,2	(10.66)	2	28.5		12.70		50.9		10.63
Settled		(31.0)		11.70		(34.5)		12.50		(29.0)		14.13
Forfeited		(5.1)		10.96		(8.5)		11.78		(2.6)		11.62
Balance at end of period		44.6		9.94		77.2		11.66		91.7		11.66
of which vested		14.2		–		11.2		–		10.4		–
of which unvested		30.4		–		66.0		–		81.3		–
1 Included an adjustment for performance share awards granted in the fourth quarter of 2022 to compensate for the proportionate dilution of Group shares resulting from the rights offering approved on November 28, 2022. The number of deferred share-based awards held by each individual was increased by 5.64%. The terms and conditions of the adjusted shares were the same as the existing share-based awards, thereby ensuring that holders of the awards were neither advantaged nor disadvantaged by the additional performance shares granted.
2 Included downward adjustment applied to outstanding performance share awards.

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		2022		2021		2020
Performance shares awarded (million)		0.0		19.4		37.8
Value of performance shares awarded (CHF million)		0		161		493
Fair value of each performance share awarded (CHF) 1		0.00		8.61		12.59
1 Based on the Group’s share price on the grant date.

Bank

Share-based compensation disclosures

Deferred compensation expense

Deferred compensation expense

in		2022		2021		2020
Deferred compensation expense (CHF million)
Share awards		293		466		555
Performance share awards		1	1	281		427
Strategic Delivery Plan		235		–		–
Contingent Capital Awards		(4)		194		245
Cash awards		623		370		378
Retention awards		170		123		43
Total deferred compensation expense		1,318		1,434		1,648
Total shares delivered (million)
Total shares delivered		56.7		55.7		48.3
1 Included downward adjustment applied to outstanding performance share awards.

Additional information

Estimated unrecognized deferred compensation

end of		2022
Estimated unrecognized compensation expense (CHF million)
Share awards		194
Performance share awards		50
Strategic Delivery Plan		241
Contingent Capital Awards		53
Cash awards		564
Retention awards		338
Total		1,440
Aggregate remaining weighted-average requisite service period (years)
Aggregate remaining weighted-average requisite service period		1.3
Does not include the estimated unrecognized compensation expense relating to grants made in 2023 for 2022.

Bank | Stock compensation plan | Share awards

Share-based compensation disclosures

Share-based award activities

Share award activities

		2022				2021				2020
		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		135.3		11.22		115.2		11.82		101.9		13.45
Granted		76.1	1	6.21		85.7		11.19		64.0		10.65
Settled		(57.8)		11.26		(50.1)		12.44		(45.1)		13.83
Forfeited		(13.8)		10.13		(15.5)		11.52		(5.6)		11.74
Balance at end of period		139.8		8.59		135.3		11.22		115.2		11.82
of which vested		24.1		–		11.8		–		12.0		–
of which unvested		115.7		–		123.5		–		103.2		–
1 Included an adjustment for share awards granted in the fourth quarter of 2022 to compensate for the proportionate dilution of Group shares resulting from the rights offering approved on November 28, 2022. The number of deferred share-based awards held by each individual was increased by 5.64%. The terms and conditions of the adjusted shares were the same as the existing share-based awards, thereby ensuring that holders of the awards were neither advantaged nor disadvantaged by the additional shares granted.

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		2022		2021		2020
Shares awarded (million)		95.3		26.9		43.5
Value of shares awarded (CHF million)		267		210		576

Bank | Stock compensation plan | Strategic Delivery Plan

Share-based compensation disclosures

Share-based award activities

Strategic Delivery Plan activities

		2022
		Number of Strategic Delivery Plan awards in million		Weighted- average grant-date fair value in CHF
Share Delivery Plan
Balance at beginning of period		–		–
Granted		62.6	1	8.12
Settled		0.0		0.00
Forfeited		(3.8)		8.42
Balance at end of period		58.8		8.10
of which vested		6.8		–
of which unvested		52.0		–
1 Included an adjustment for Strategic Delivery Plan awards granted in the fourth quarter of 2022 to compensate for the proportionate dilution of Group shares resulting from the rights offering approved on November 28, 2022. The number of deferred share-based awards held by each individual was increased by 5.64%. The terms and conditions of the adjusted shares were the same as the existing share-based awards, thereby ensuring that holders of the awards were neither advantaged nor disadvantaged by the additional Strategic Delivery Plan shares granted.

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		2022		2021		2020
Blocked shares awarded (million)		5.2		4.6		2.3
Value of shares awarded (CHF million)		14		38		31

Bank | Performance shares | Performance share awards

Share-based compensation disclosures

Share-based award activities

Performance share award activities

		2022				2021				2020
		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		73.8		11.67		88.0		11.67		69.7		13.37
Granted		2.9	1,2	(14.47)	2	27.4		12.71		48.8		10.63
Settled		(29.7)		11.70		(33.2)		12.50		(28.0)		14.12
Forfeited		(4.9)		11.00		(8.4)		11.78		(2.5)		11.64
Balance at end of period		42.1		9.93		73.8		11.67		88.0		11.67
of which vested		13.5		–		10.4		–		9.6		–
of which unvested		28.6		–		63.4		–		78.4		–
1 Included an adjustment for performance share awards granted in the fourth quarter of 2022 to compensate for the proportionate dilution of Group shares resulting from the rights offering approved on November 28, 2022. The number of deferred share-based awards held by each individual was increased by 5.64%. The terms and conditions of the adjusted shares were the same as the existing share-based awards, thereby ensuring that holders of the awards were neither advantaged nor disadvantaged by the additional performance shares granted.
2 Included downward adjustment applied to outstanding performance share awards.

Strategic Delivery Plan

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		2022		2021		2020
Performance shares awarded (million)		0.0		18.5		36.6
Value of performance shares awarded (CHF million)		0		154		478

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