GE 2015 Annual Report Download - page 211

FINANCIAL STATEMENTS OTHER STOCK-RELATED INFORMATION
GE 2015 FORM 10-K 183
The fair value of a restricted stock unit at the grant date is equal to the market price of our stock on the grant date.
2015 201
4
2013
Weighted average grant-date fair value of restricted stock awards $ 26.74 $ 26.08 $ 24.54
A
s of December 31, 2015, unless otherwise stated
(
in thousands, except per share data
)
Restricted stock granted during 2015 3,756
Non-vested restricted stock outstanding 13,941
Weighted average fair value at grant date of non-vested stock $ 25.05
The table below provides information about the units of restricted stock that vested for each of the years presented.
(In thousands) 2015 201
4
2013
Restricted stock vested during the year ended 3,899 3,305 4,583
As of December 31, 2015, there was $221 million of total unrecognized compensation expense related to unvested restricted stock,
which will be amortized over the remaining vesting period (the weighted average period is approximately 2 years). Of that total,
approximately $55 million, after tax, is estimated to be recorded as compensation expense in 2016.
OTHER INFORMATION
When options are exercised and restricted stock vests, we issue shares from treasury stock, which increases shares outstanding. The
³2WKHU FDSLWDO´ component of VKDUHRZQHUV¶ equity is adjusted for differences between the strike price of GE stock and the average cost
of our treasury stock. We also record the difference between the tax benefits assumed (based on the fair value of the award on the
grant date) and the actual tax benefit in the ³2WKHU FDSLWDO´ component of VKDUHRZQHUV¶ equity. Any excess tax benefit is recorded as a
cash flow from financing activities in our statement of cash flows. The table below provides information about tax benefits related to all
share-based compensation arrangements.
(In millions) 2015 201
4
2013
Income tax benefit recognized in earnings $ 148 $ 147 $ 145
Excess of actual tax deductions over amounts assumed recognized in equity 167 86 86
Share based compensation programs serve as a means to attract and retain talented employees and are an important element of their
total compensation. The intrinsic value of a stock option award is the amount by which the award is in the money and represents the
potential value to the employee upon exercise of the option. The intrinsic value of restricted stock is the value of the shares awarded at
the current market price. The table below provides information about the intrinsic value of option and restricted stock awards.
A
gg
re
g
ate
intrinsic
A
s of December 31, 2015, unless otherwise stated
(
in millions
)
value
Stock options outstanding $ 4,534
Stock options exercised in 2015 746
Non-vested restricted stock outstanding 434
Restricted stock vested in 2015 102
GE 2015 FORM 10-K 183