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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule Of Share-Based Compensation Expense Included In The Consolidated Comprehensive Statements Of Earnings

 

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

G&A

 

$

64

 

 

$

82

 

Exploration expenses

 

 

1

 

 

 

2

 

Restructuring and transaction costs

 

 

27

 

 

 

28

 

Total

 

$

92

 

 

$

112

 

Related income tax benefit

 

$

13

 

 

$

16

 

 

Summary Of Unvested Restricted Stock Awards and Units, Performance-Based Restricted Stock Awards And Performance Share Units

 

 

 

Restricted Stock

 

 

Performance-Based

 

 

Performance

 

 

 

Awards and Units

 

 

Restricted Stock Awards

 

 

Share Units

 

 

 

Awards and

Units

 

 

Weighted

Average

Grant-Date

Fair Value

 

 

Awards

 

 

Weighted

Average

Grant-Date

Fair Value

 

 

Units

 

 

 

 

 

Weighted

Average

Grant-Date

Fair Value

 

 

 

(Thousands, except fair value data)

 

Unvested at 12/31/18

 

 

5,963

 

 

$

35.47

 

 

 

302

 

 

$

35.93

 

 

 

2,868

 

 

 

 

 

$

30.14

 

Granted

 

 

4,404

 

 

$

25.49

 

 

 

 

 

$

 

 

 

741

 

 

 

 

 

$

28.97

 

Vested

 

 

(4,402

)

 

$

33.62

 

 

 

(149

)

 

$

38.03

 

 

 

(145

)

 

 

 

 

$

37.23

 

Forfeited

 

 

(700

)

 

$

27.44

 

 

 

 

 

$

 

 

 

(1,301

)

 

 

 

 

$

11.80

 

Unvested at 9/30/19

 

 

5,265

 

 

$

29.73

 

 

 

153

 

 

$

33.88

 

 

 

2,163

 

 

(1

)

 

$

40.31

 

 

(1)

A maximum of 4.3 million common shares could be awarded based upon Devon’s final TSR ranking.

Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions

 

 

 

2019

 

Grant-date fair value

 

$

28.43

 

 

 

$

29.53

 

Risk-free interest rate

 

2.48%

 

Volatility factor

 

39.1%

 

Contractual term (years)

 

2.89

 

Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition

 

 

 

 

 

 

 

Performance-Based

 

 

 

 

 

 

 

Restricted Stock

 

 

Restricted Stock

 

 

Performance

 

 

 

Awards and Units

 

 

Awards

 

 

Share Units

 

Unrecognized compensation cost

 

$

97

 

 

$

 

 

$

18

 

Weighted average period for recognition (years)

 

 

2.6

 

 

 

1.7

 

 

 

1.5