BB&T 2014 Annual Report Download - page 121
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Table of Contents
A summary of selected data related to equity-based compensation costs follows:
Equity-based compensation expense $ 102 $ 96 $ 97
Income tax benefit from equity-based compensation expense 39 36 36
Intrinsic value of options exercised and RSUs that vested during the year 280 102 62
Grant date fair value of equity-based awards that vested during the year 113 80 88
Unrecognized compensation cost related to equity-based awards $ 99 $ 94
Weighted-average life over which compensation cost is expected to be recognized (years) 2.2 2.1
The following tables present the activity during 2014 related to equity-based compensation awards:
Outstanding at January 1, 2014 37,996 $ 34.90
Granted 276 37.55
Exercised (8,838) 34.17
Forfeited or expired (1,060) 36.73
Outstanding at December 31, 2014 28,374 35.09 $ 134 3.28 yrs
Exercisable at December 31, 2014 25,074 35.74 105 2.77
Exercisable and expected to vest at December 31, 2014 28,138 35.13 132 3.25
Nonvested at January 1, 2014 15,181 $ 20.46
Granted 3,615 33.18
Vested (6,425) 14.31
Forfeited (296) 26.88
Nonvested at December 31, 2014 12,075 27.38
Expected to vest at December 31, 2014 11,055 27.39
Share Repurchase Activity
At December 31, 2014, BB&T was authorized to repurchase an additional 44 million shares under the June 27, 2006 Board of Directors’ authorization. No
shares of common stock were repurchased under this plan during 2014, 2013 or 2012.
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Source: BB&T CORP, 10-K, February 25, 2015 Powered by Morningstar® Document Research℠
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