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, 2014
Share-Based Compensation [Abstract]  
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 and six-month periods ended June 30, 2014 and 2013:

    Three Months Ended       Six Months Ended  
    June 30,       June 30,  
(dollar amounts in thousands)   2014       2013       2014       2013  
Share-based compensation expense $ 13,373     $ 9,875     $ 22,792     $ 17,896  
Tax benefit   4,521       3,349       7,684       6,033  
Stock option activity and related information

Huntington's stock option activity and related information for the six-month period ended June 30, 2014, 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, 2014   23,300   $ 7.61     ---     ---
  Granted   1,807     9.22     ---     ---
  Assumed   214     ---     ---     ---
  Exercised   (1,632)     5.87     ---     ---
  Forfeited/expired   (842)     16.08     ---     ---
                           
Outstanding at June 30, 2014   22,847   $ 7.56     4.1   $ 64,237
                           
Expected to vest at June 30, 2014 (1)   7,969   $ 7.00     5.2   $ 20,324
                           
Exercisable at June 30, 2014   14,126   $ 7.86     3.4   $ 42,572
(1) The number of options expected to vest includes an estimate of 752 thousand shares expected to be forfeited.
Summary of restricted stock units and restricted stock awards
              Weighted-           Weighted-           Weighted-
              Average           Average           Average
        Restricted     Grant Date     Restricted     Grant Date     Performance     Grant Date
        Stock     Fair Value     Stock     Fair Value     Share     Fair Value
(amounts in thousands, except per share amounts)   Awards     Per Share     Units     Per Share     Awards     Per Share
Nonvested at January 1, 2014   ---   $ ---     12,064   $ 6.80     1,646   $ 6.95
  Granted   ---     ---     4,502     9.14     1,076     9.08
  Assumed   27     ---     ---     ---     ---     ---
  Vested   (12)     9.53     (1,375)     7.10     ---     ---
  Forfeited   (1)     9.53     (319)     7.09     (108)     6.94
Nonvested at June 30, 2014   14   $ 9.53     14,872   $ 7.48     2,614   $ 7.83