BB&T 2015 Annual Report Download - page 131

TableofContents
A summary of selected data related to equity-based compensation costs follows:

  

Equity-based compensation expense $ 106 $ 102 $ 96
Income tax benefit from equity-based compensation expense 40 39 36
Intrinsic value of options exercised and RSUs that vested during the year 170 280 102
Grant date fair value of equity-based awards that vested during the year 115 113 80

 

Unrecognized compensation cost related to equity-based awards $ 103 $ 99
Weighted-average life over which compensation cost is expected to be recognized (years) 2.2 2.2
The following tables present the activity during 2015 related to equity-based compensation awards:

  
  
   

Outstanding at January 1, 2015 28,374 $ 35.09
Replacement awards granted in connection with acquisitions 823 41.68
Granted 434 38.22
Exercised (3,394) 32.31
Forfeited or expired (5,660) 38.69
Outstanding at December 31, 2015 20,577 34.89 $ 103 3.16 yrs
Exercisable at December 31, 2015 18,905 35.06 95 2.80
Exercisable and expected to vest at December 31, 2015 20,467 34.90 102 3.14

 
 

Nonvested at January 1, 2015 12,075 $ 27.38
Granted 3,772 33.27
Vested (3,703) 25.29
Forfeited (320) 31.24
Nonvested at December 31, 2015 11,824 29.81
Expected to vest at December 31, 2015 10,853 29.81
Share Repurchase Activity
At December 31, 2015, BB&T was authorized to repurchase up to 50 million shares of common stock under the 2015 Repurchase Plan, which replaced the
2006 Repurchase Plan at the Board of Directors’ authorization during June of 2015. No shares of common stock were repurchased under either plan during
2015, 2014 or 2013.
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Source: BB&T CORP, 10-K, February 25, 2016 Powered by Morningstar® Document Research℠
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