Quarterly report pursuant to Section 13 or 15(d)

Share Based Compensation (Tables)

v2.4.0.8
Share Based Compensation (Tables)
 3 Months Ended
Sep. 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 nine-month periods ended September 30, 2014 and 2013:

Three Months Ended Nine Months Ended
September 30, September 30,
(dollar amounts in thousands) 2014 2013 2014 2013
Share-based compensation expense $ 10,864 $ 9,746 $ 33,656 $ 27,643
Tax benefit 3,670 3,278 11,354 9,311
Stock option activity and related information

Huntington’s stock option activity and related information for the nine-month period ended September 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 (2,799) 5.97 --- ---
Forfeited/expired (2,074) 17.45 --- ---
Outstanding at September 30, 2014 20,448 $ 6.99 4.1 $ 63,550
Expected to vest at September 30, 2014 (1) 5,102 $ 7.56 5.6 $ 11,098
Exercisable at September 30, 2014 14,744 $ 6.75 3.5 $ 51,340
(1) The number of options expected to vest includes an estimate of 602 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 --- --- 4,573 9.15 1,076 9.08
Assumed 27 --- --- --- --- ---
Vested (14) 9.53 (3,890) 6.42 --- ---
Forfeited (1) 9.53 (615) 7.45 (131) 7.16
Nonvested at September 30, 2014 12 $ 9.53 12,132 $ 7.78 2,591 $ 7.83