Quarterly report pursuant to Section 13 or 15(d)

Share Based Compensation (Tables)

v2.4.0.8
Share Based Compensation (Tables)
 3 Months Ended
Jun. 30, 2013
Share-Based Compensation [Abstract]  
Weighted average assumptions used in the option pricing model
      Three Months Ended     Six Months Ended
      June 30,     June 30,
      2013       2012       2013       2012  
Assumptions                              
  Risk-free interest rate   0.78 %     1.10 %     0.78 %     1.10 %
  Expected dividend yield   2.83       2.36       2.83       2.37  
  Expected volatility of Huntington's common stock   35.0       35.0       35.0       34.9  
  Expected option term (years)   5.5       6.0       5.5       6.0  
                                 
Weighted-average grant date fair value per share $ 1.71     $ 1.80     $ 1.71     $ 1.79  
Share based compensation expense and related tax benefit

The following table illustrates total share-based compensation expense and related tax benefit for the six-month periods ended June 30, 2013 and 2012:

    Three Months Ended       Six Months Ended  
    June 30,       June 30,  
(dollar amounts in thousands)   2013       2012       2013       2012  
Share-based compensation expense $ 9,875     $ 7,517     $ 17,896     $ 12,820  
Tax benefit   3,349       2,501       6,033       4,261  
Stock option activity and related information

Huntington's stock option activity and related information for the six-month period ended June 30, 2013, 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, 2013   26,768   $ 8.87            
  Granted   3,273     7.06            
  Exercised   (1,238)     5.72            
  Forfeited/expired   (1,740)     9.92            
                           
Outstanding at June 30, 2013   27,063   $ 8.73     4.3   $ 36,984
                           
Vested and expected to vest at June 30, 2013 (1)   12,249   $ 6.39     5.6   $ 18,112
                           
Exercisable at June 30, 2013   13,491   $ 11.05     3.0   $ 17,271
(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 performance share awards as of June 30, 2013, and activity for the six-month period ended June 30, 2013:

            Weighted-         Weighted-
            Average         Average
      Restricted     Grant Date   Performance     Grant Date
      Stock     Fair Value   Share     Fair Value
(amounts in thousands, except per share amounts) Units     Per Share   Awards     Per Share
Nonvested at January 1, 2013 8,484   $ 6.40   694   $ 6.77
  Granted 6,733     7.10   1,125     7.06
  Vested (477)     6.50   ---     ---
  Forfeited (569)     6.67   (170)     6.90
Nonvested at June 30, 2013 14,171   $ 6.72   1,649   $ 6.95