Quarterly report pursuant to Section 13 or 15(d)

Share Based Compensation (Tables)

v2.4.0.6
Share Based Compensation (Tables)
3 Months Ended
Mar. 31, 2012
Share-Based Compensation [Abstract]  
Weighted average assumptions used in the option pricing model

The following table illustrates the weighted-average assumptions used in the option-pricing model for options granted in the three-month periods ended March 31, 2012 and 2011.

        Three Months Ended
        March 31,
        2012       2011  
Assumptions                
  Risk-free interest rate     1.17 %     2.49 %
  Expected dividend yield     2.73       0.58  
  Expected volatility of Huntington's common stock     30.0       32.5  
  Expected option term (years)     6.0       6.0  
                   
Weighted-average grant date fair value per share   $ 1.27     $ 2.35  
Share based compensation expense and related tax benefit

The following table illustrates total share-based compensation expense and related tax benefit for the three-month periods ended March 31, 2012 and 2011:

      Three Months Ended  
      March 31,  
(dollar amounts in thousands)     2012       2011  
Share-based compensation expense   $ 5,303     $ 3,625  
Tax benefit     1,759       1,269  
Stock option activity and related information

Huntington's stock option activity and related information for the three-month period ended March 31, 2012, was as follows:

                    Weighted-      
              Weighted-     Average      
              Average     Remaining     Aggregate
              Exercise     Contractual     Intrinsic
(amounts in thousands, except years and per share amounts)   Options     Price     Life (Years)     Value
                           
Outstanding at January 1, 2012   27,205   $ 11.47            
  Granted   117     5.85            
  Exercised   (106)     3.96            
  Forfeited/expired   (803)     16.03            
                           
Outstanding at March 31, 2012   26,413   $ 11.33     4.0   $ 11,308
                           
Vested and expected to vest at March 31, 2012 (1)   25,461   $ 11.54     4.0   $ 10,821
                           
Exercisable at March 31, 2012   13,155   $ 16.82     2.0   $ 3,816
(1) The number of options expected to vest includes an estimate of expected forfeitures.
Summary of restricted stock units and restricted stock awards

The following table summarizes the status of Huntington's restricted stock units and restricted stock awards as of March 31, 2012, and activity for the three-month period ended March 31, 2012:

              Weighted-
              Average
        Restricted     Grant Date
        Stock     Fair Value
(amounts in thousands, except per share amounts)   Units     Per Share
Nonvested at January 1, 2012   7,591   $ 6.09
  Granted   208     5.88
  Vested   (190)     7.52
  Forfeited   (62)     5.99
Nonvested at March 31, 2012   7,547   $ 6.05