XML 248 R82.htm IDEA: XBRL DOCUMENT v3.25.1
Employee benefits: variable compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure Of Equity Participation And Other Compensation Plans Tables [Line Items]  
Disclosure of compensation-related personnel expenses [text block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Variable compensation
Expenses recognized in 2024
Expenses deferred to 2025 and later
1
USD m
Related to the
2024
performance
year
Related to prior
performance
years
Total
Related to the
2024
performance
year
Related to prior
performance
years
Total
Non-deferred cash
3,290
(83)
3,206
0
0
0
Deferred compensation awards
563
687
1,250
813
853
1,666
of which: Equity Ownership Plan
180
279
458
280
214
493
of which: Deferred Contingent Capital Plan
197
290
487
336
515
851
of which: Long-Term Incentive Plan
161
76
237
166
100
266
of which: Fund Ownership Plan
26
42
68
32
25
56
Variable compensation – performance awards
3,853
603
4,456
813
853
1,666
Variable compensation – financial advisors
2
4,485
808
5,293
1,028
3,639
4,667
of which: non-deferred cash
4,125
(1)
4,124
0
0
0
of which: deferred share-based awards
123
96
219
130
232
362
of which: deferred cash-based awards
203
239
443
476
1,176
1,652
of which: compensation commitments with recruited financial
 
advisors
33
474
507
422
2,231
2,653
Variable compensation – other
3
539
583
1,121
229
465
694
Total variable compensation
8,876
1,994
10,870
4
2,070
4,957
7,027
1 Estimate as of 31 December 2024. Actual amounts to be expensed in future periods may vary; e.g. due to forfeiture of awards
 
.
 
2 Financial advisor compensation consists of cash compensation, determined using
a formulaic approach based
 
on production, and
 
deferred awards. It
 
also includes expenses related
 
to compensation commitments
 
with financial advisors
 
entered into at the
 
time of recruitment that
 
are subject to
vesting requirements.
 
3 Consists
 
of existing deferred
 
awards and
 
retention awards
 
granted to
 
Credit Suisse
 
employees as
 
well as
 
replacement payments,
 
forfeiture credits,
 
severance payments,
 
retention plan
payments and
 
interest expense
 
related to
 
the Deferred
 
Contingent Capital
 
Plan.
 
4 Includes
 
USD
1,128
m in
 
expenses related
 
to share-based
 
compensation (performance
 
awards: USD
695
m; other
 
variable
compensation: USD
213
m; financial advisor
 
compensation: USD
219
m). A further
 
USD
134
m in expenses
 
related to share-based
 
compensation was recognized
 
within other expense
 
categories included in
 
Note 7
(salaries: USD
2
m related to
 
role-based allowances;
 
social security: USD
100
m; other personnel
 
expenses: USD
32
m related to
 
the Equity Plus
 
Plan). Total
 
personnel expense related
 
to share-based equity-settled
compensation excluding social security was USD
1,118
m.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Variable compensation (continued)
Expenses recognized in 2023
Expenses deferred to 2024 and later
1
USD m
Related to the
2023
performance
year
Related to prior
performance
years
Total
Related to the
2023
performance
year
Related to prior
performance
years
Total
Non-deferred cash
2,859
(52)
2,807
0
0
0
Deferred compensation awards
523
656
1,179
777
757
1,534
of which: Equity Ownership Plan
155
330
485
263
245
509
of which: Deferred Contingent Capital Plan
180
241
421
312
451
763
of which: Long-Term Incentive Plan
164
40
204
160
34
193
of which: Fund Ownership Plan
24
46
69
41
27
68
Variable compensation – performance awards
3,382
604
3,986
777
757
1,534
Variable compensation – financial advisors
2
3,761
788
4,549
1,236
3,300
4,536
of which: non-deferred cash
3,440
(4)
3,436
0
0
0
of which: deferred share-based awards
110
87
197
113
209
321
of which: deferred cash-based awards
169
245
414
301
1,029
1,331
of which: compensation commitments with recruited financial
 
advisors
42
459
502
822
2,062
2,884
Variable compensation – other
3
784
526
1,310
384
583
968
Total variable compensation
7,927
1,918
9,845
4
2,398
4,640
7,037
1 Estimate as of 31 December 2023. Actual
 
amounts expensed may vary; e.g.
 
due to forfeiture of awards.
 
2 Financial advisor compensation consists of cash compensation,
 
determined using a formulaic approach
based on production,
 
and deferred awards.
 
It also includes
 
expenses related to
 
compensation commitments with
 
financial advisors entered
 
into at the
 
time of recruitment
 
that are subject
 
to vesting requirements.
 
3 Consists of existing deferred awards and retention awards granted to Credit Suisse employees, as well
 
as replacement payments, forfeiture credits, severance payments, retention plan payments and interest expense
related to the
 
Deferred Contingent Capital
 
Plan.
 
4 Includes USD
1,094
m in expenses
 
related to share-based
 
compensation (performance awards:
 
USD
689
m; other variable
 
compensation: USD
208
m; financial
advisor compensation: USD
197
m). A further USD
169
m in expenses related to share-based compensation was recognized
 
within other expense categories included in Note 7 (salaries: USD
4
m related to role-based
allowances; social security: USD
137
m; other personnel expenses: USD
27
m related to the Equity Plus Plan). Total personnel expense
 
related to share-based equity-settled compensation excluding social security was
USD
1,087
m.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Variable compensation (continued)
Expenses recognized in 2022
Expenses deferred to 2023 and later
1
USD m
Related to the
2022
performance
year
Related to prior
performance
years
Total
Related to the
2022
performance
year
Related to prior
performance
years
Total
Non-deferred cash
2,276
(16)
2,260
0
0
0
Deferred compensation awards
364
581
945
605
754
1,359
of which: Equity Ownership Plan
202
235
437
310
250
560
of which: Deferred Contingent Capital Plan
129
219
349
245
408
654
of which: Long-Term Incentive Plan
11
32
43
30
42
71
of which: Fund Ownership Plan
21
95
116
20
54
74
Variable compensation – performance awards
2,640
566
3,205
605
754
1,359
Variable compensation – financial advisors
2
3,799
709
4,508
1,290
2,652
3,942
of which: non-deferred cash
3,481
0
3,481
0
0
0
of which: deferred share-based awards
104
62
166
122
180
302
of which: deferred cash-based awards
185
215
400
588
636
1,224
of which: compensation commitments with recruited financial
 
advisors
29
432
461
580
1,836
2,416
Variable compensation – other
3
169
71
241
237
193
430
Total variable compensation
6,608
1,346
7,954
4
2,131
3,599
5,731
1 Estimate as of 31 December 2022. Actual
 
amounts expensed may vary; e.g.
 
due to forfeiture of awards.
 
2 Financial advisor compensation consists of cash
 
compensation, determined using a formulaic approach
based on production,
 
and deferred awards.
 
It also includes
 
expenses related to
 
compensation commitments with
 
financial advisors entered
 
into at the
 
time of recruitment
 
that are subject
 
to vesting requirements.
 
3 Consists of replacement payments, forfeiture credits, severance payments,
 
retention plan payments and interest expense related to the Deferred Contingent Capital Plan.
 
4 Includes USD
703
m in expenses related
to share-based
 
compensation (performance
 
awards:
 
USD
480
m; other
 
variable
 
compensation: USD
56
m; financial
 
advisor compensation:
 
USD
166
m).
 
A further
 
USD
88
m in
 
expenses related
 
to share-based
compensation was recognized
 
within other expense
 
categories included in Note
 
7 (salaries: USD
4
m related to role-based
 
allowances; social security:
 
USD
61
m; other personnel expenses:
 
USD
23
m related to the
Equity Plus Plan). Total personnel expense related to share-based equity-settled compensation excluding
 
social security was USD
716
m.
Disclosure of number and weighted average exercise prices of UBS share and performance share awards [text block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Movements in outstanding share-based compensation
 
awards
Number of shares
2024
Weighted average
grant date fair value
(USD)
Number of shares
2023
Weighted average
grant date fair value
(USD)
Outstanding, at the beginning of the year
198,908,588
17
181,907,200
15
Share obligations assumed at merger date
0
0
14,535,612
20
Awarded during the year
65,433,201
26
63,907,823
20
Distributed during the year
(64,234,191)
17
(54,365,846)
14
Forfeited during the year
(6,385,261)
20
(7,076,202)
18
Outstanding, at the end of the year
193,722,338
20
198,908,588
17
of which: shares vested for accounting purposes
109,644,250
102,697,819