12 Share ownership, options and related instruments of governing bodies
This section is in line with Articles 663c para. 3 and 959c para. 2 cif. 11 of the Swiss Code of Obligations, which requires disclosure of shareholdings, options and related instruments held by members of the Board of Directors and Group Executive Committee (Group EC) at the end of the reporting year and of share-based compensation for the Board of Directors during the reporting year. Further disclosures in respect of compensation for the members of the Board of Directors and the Group EC, and persons closely related, are detailed in the Compensation Report of the Financial Report of the Swiss Re Group.
Share ownership
The number of shares held as of 31 December were:
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Members of the Group EC |
2017 |
2018 |
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|
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Christian Mumenthaler, Group CEO |
68 775 |
71 733 |
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David Cole, former Group Chief Financial Officer1 |
82 982 |
n/a |
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John R. Dacey, Group Chief Financial Officer |
23 671 |
27 124 |
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Guido Fürer, Group Chief Investment Officer |
61 077 |
66 007 |
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Agostino Galvagni, CEO Corporate Solutions |
94 591 |
99 521 |
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Jean-Jacques Henchoz, former CEO Reinsurance EMEA2 |
49 020 |
n/a |
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Russell Higginbotham, CEO Reinsurance EMEA |
n/a |
3 918 |
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Thierry Léger, CEO Life Capital |
49 841 |
53 785 |
||||
Moses Ojeisekhoba, CEO Reinsurance |
36 194 |
38 998 |
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Jayne Plunkett, CEO Reinsurance Asia |
34 288 |
36 264 |
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Patrick Raaflaub, Group Chief Risk Officer |
– |
3 944 |
||||
Edouard Schmid, Group Chief Underwriting Officer |
29 161 |
30 936 |
||||
J. Eric Smith, CEO Reinsurance Americas |
21 400 |
24 004 |
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Thomas Wellauer, Group Chief Operating Officer |
105 390 |
110 520 |
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Total |
656 390 |
566 754 |
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Members of the Board of Directors |
2017 |
2018 |
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|
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Walter B. Kielholz, Chairman |
399 987 |
407 523 |
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Renato Fassbind, Vice Chairman, Chair Audit Committee |
23 854 |
27 593 |
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Raymond K.F. Ch’ien, Member |
21 472 |
22 946 |
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Mary Francis, former Member1 |
6 509 |
n/a |
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Karen Gavan, Member2, 3 |
n/a |
1 512 |
||||||
Rajna Gibson Brandon, former Member1 |
23 194 |
n/a |
||||||
C. Robert Henrikson, former Chair Compensation Committee1 |
13 248 |
n/a |
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Trevor Manuel, Member |
3 972 |
5 558 |
||||||
Jay Ralph, Member |
868 |
2 115 |
||||||
Joerg Reinhardt, Member |
1 168 |
14 415 |
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Eileen Rominger, Member2 |
n/a |
813 |
||||||
Philip K. Ryan, Chair Finance and Risk Committee |
8 892 |
11 611 |
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Sir Paul Tucker, Member |
2 530 |
4 004 |
||||||
Jacques de Vaucleroy, Chair Compensation Committee |
868 |
2 706 |
||||||
Susan L. Wagner, Chair Investment Committee |
8 754 |
11 360 |
||||||
Larry Zimpleman, Member2 |
n/a |
813 |
||||||
Total |
515 316 |
512 969 |
Share-based compensation
The share-based compensation for the members of the Board of Directors for 2017 and 2018 was:
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|
2017 |
2018 |
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Members of the Board of Directors |
Fees in blocked shares1 (CHF thousands) |
Number of shares2 |
Fees in blocked shares1 (CHF thousands) |
Number of shares2 |
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|
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Walter B. Kielholz, Chairman |
1 663 |
19 674 |
1 547 |
17 536 |
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Renato Fassbind, Vice Chairman, Chairman of the Audit Committee3 |
330 |
3 900 |
330 |
3 739 |
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Raymond K.F. Ch’ien, Member |
126 |
1 494 |
130 |
1 474 |
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Mary Francis, former Member4 |
136 |
1 609 |
47 |
552 |
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Karen Gavan, Member5 |
n/a |
n/a |
80 |
887 |
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Rajna Gibson Brandon, former Member4 |
127 |
1 494 |
43 |
513 |
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C. Robert Henrikson, former Chair Compensation Committee4 |
185 |
2 183 |
63 |
749 |
||||||||||||
Trevor Manuel, Member |
136 |
1 609 |
140 |
1 586 |
||||||||||||
Jay Ralph, Member |
73 |
868 |
110 |
1 247 |
||||||||||||
Joerg Reinhardt, Member |
73 |
868 |
110 |
1 247 |
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Carlos E. Represas, former Member6 |
34 |
396 |
n/a |
n/a |
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Eileen Rominger, Member5 |
n/a |
n/a |
74 |
813 |
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Philip K. Ryan, Chair Finance and Risk Committee |
233 |
2 758 |
240 |
2 719 |
||||||||||||
Sir Paul Tucker, Member |
126 |
1 494 |
130 |
1 474 |
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Jacques de Vaucleroy, Chair Compensation Committee |
73 |
868 |
163 |
1 838 |
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Susan L. Wagner, Chair Investment Committee |
223 |
2 643 |
230 |
2 606 |
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Larry Zimpleman, Member5 |
n/a |
n/a |
74 |
813 |
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Total |
3 538 |
41 858 |
3 511 |
39 793 |
Restricted shares
For the years ended 31 December 2017 and 2018, neither the members of the Board of Directors nor the members of the Group EC held any restricted shares.
Vested options
For the years ended 31 December 2017 and 2018, neither the members of the Board of Directors nor the members of the Group EC held any vested options.