BPCE - 2018 Registration document
FINANCIAL REPORT IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2018
Long-term payment plans settled in cash and indexed to the Natixis share price Payments under these plans are subject to presence and performance criteria.
Fair value of indexed cash unit at valuation date in euros
Number of units vested by beneficiaries
Initial number of units granted*
Year of plan
Grant date
Vesting date
October 2016 October 2017 October 2018 March 2018 March 2019 March 2019 March 2020 March 2020 March 2021 March 2021 March 2022
1,576,403 1,449,399 -
2014 plan
02/18/2015
4,493,016
6.37
2015 plan
02/10/2016
6,084,435
-
6.11
2016 plan
04/10/2017
2,835,311
-
5.47
2017 plan
02/23/2018
2,660,487
-
5.34
988,570 1,886,095
2018 plan
02/26/2019
3,260,945
2.72
The expected number of units at the vesting date is funded by equity swaps. *
Short-term cash-settled payment plans indexed to the Natixis share
Number of probable indexed cash units at vesting date
Number of indexed cash units granted at inception
Fair value of indexed cash unit at valuation date in euros
Value of indexed cash unit (in euros)
Year of plan 2018 plan
Grant date
Vesting date 02/26/2019
5
02/26/2019
4.66
6,235,792
6,235,792
4.66
The expense associated with the short-term plan is fully recognized in the 2018 financial statements in the amount of € 36 million, versus € 42 million at December 31, 2017.
Share-based payment plans Payments under these plans are subject to presence and performance criteria.
Number of shares granted at inception Vesting date
Number of units vested by beneficiaries
Fair value of bonus share at valuation date in euros
Bonus share price at grant date in euros
Year of plan 2013 plan 2014 plan
Grant date
07/31/2014 02/18/2015
31,955
July 2018
4.83 6.18
4.02 3.45
95,144 February 2019
March 2018 March 2019
2015 plan 2016 plan
07/28/2016 3,081,642
3.43 3.43
2.80 1.62
07/28/2016
151,283
July 2020
March 2019 March 2020
2016 plan 2017 plan
04/10/2017 3,012,307
4.28 6.44
4.43 3.32
05/23/2017
79,369
May 2021
March 2020 March 2021 March 2021 March 2022
2017 plan
02/23/2018 2,765,576
7.06
5.34
2018 plan
02/26/2019 2,987,841
4.44
2.73
331
Registration document 2018
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