Annual report pursuant to Section 13 and 15(d)

Share Based Compensation (Tables)

v2.4.1.9
Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
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 years ended December 31, 2014, 2013, and 2012:

2014 2013 2012
Assumptions
Risk-free interest rate 1.69 % 0.79 % 1.10 %
Expected dividend yield 2.61 2.83 2.38
Expected volatility of Huntington's common stock 32.3 35.0 34.9
Expected option term (years) 5.0 5.5 6.0
Weighted-average grant date fair value per share $ 2.13 $ 1.71 $ 1.78
Share based compensation expense and related tax benefit

The following table illustrates total share-based compensation expense and related tax benefit for the three years ended December 31, 2014, 2013, and 2012:

(dollar amounts in thousands) 2014 2013 2012
Share-based compensation expense $ 43,666 $ 37,007 $ 27,873
Tax benefit 14,779 12,472 9,298
Stock option activity and related information

Huntington’s stock option activity and related information for the year ended December 31, 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 (3,528) 6.02
Forfeited/expired (2,174) 17.20
Outstanding at December 31, 2014 19,619 $ 6.99 3.9 $ 75,794
Expected to vest at December 31, 2014 (1) 4,950 $ 7.64 5.4 $ 14,272
Exercisable at December 31, 2014 14,193 $ 6.73 3.3 $ 60,311
(1) The number of options expected to vest includes an estimate of 476 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 --- --- 4,600 9.12 1,076 8.96
Assumed 27 --- --- --- --- ---
Vested (14) 9.53 (4,003) 6.39 --- ---
Forfeited (1) 9.53 (757) 7.54 (143) 7.26
Nonvested at December 31, 2014 12 9.53 11,904 $ 7.79 2,579 $ 7.76
Summary of options by exercise price range

The following table presents additional information regarding options outstanding as of December 31, 2014

(amounts in thousands, except years and per share amounts) Options Outstanding Exercisable Options
Weighted-
Average Weighted- Weighted-
Remaining Average Average
Range of Contractual Exercise Exercise
Exercise Prices Shares Life (Years) Price Shares Price
$0 to $5.63 1,843 1.6 $ 4.64 1,836 $ 4.64
$5.64 to $6.02 7,110 3.6 6.02 7,078 6.02
$6.03 to $15.95 10,087 4.7 7.26 4,700 6.78
$15.96 to $22.73 579 0.7 21.74 579 21.74
Total 19,619 3.9 $ 6.99 14,193 $ 6.73