Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION

v3.5.0.2
SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION
 9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
13. SHARE-BASED COMPENSATION
As a result of the FirstMerit Acquisition on August 16, 2016, Huntington assumed 916 thousand outstanding FirstMerit restricted stock awards (RSAs) and 807 thousand outstanding FirstMerit performance share awards (PSAs). Each FirstMerit RSA and PSA granted on or following January 25, 2016 was assumed and converted into a RSA or PSA award relating to shares of Huntington common stock, with the same terms and conditions as were applicable under such award prior to the acquisition.
 
 
 
 
 
 
 
 
The following table summarizes the status of Huntington’s restricted stock awards, restricted stock units, and performance share awards as of September 30, 2016, and activity for the nine-month period ended September 30, 2016:
 
Restricted Stock Awards
 
Restricted Stock Units
 
Performance Share Awards
(amounts in thousands, except per share amounts)
Quantity
 
Weighted-
Average
Grant Date
Fair Value
Per Share
 
Quantity
 
Weighted-
Average
Grant Date
Fair Value
Per Share
 
Quantity
 
Weighted-
Average
Grant Date
Fair Value
Per Share
Nonvested at January 1, 2016
7

 
$
9.53

 
12,170

 
$
9.11

 
2,893

 
$
8.99

Granted
—

 
—

 
5,415

 
9.66

 
954

 
9.04

Assumed
916

 
9.68

 
—

 
—

 
807

 
9.68

Vested
(204
)
 
9.67

 
(3,101
)
 
7.89

 
(1,306
)
 
8.05

Forfeited
(15
)
 
9.68

 
(629
)
 
9.44

 
(47
)
 
9.88

Nonvested at September 30, 2016
704

 
$
9.68

 
13,855

 
$
9.59

 
3,301

 
$
9.63