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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Options Weighted Average Assumptions

The expense related to stock options granted in the nine months ended September 30, 2017 was based on the weighted-average assumptions shown in the table below:

 

 

 

Nine Months Ended September 30, 2017

 

Risk-free interest rate

 

 

2.14

%

Expected term (years)

 

 

6.00

 

Volatility

 

 

44.49

%

Dividend yield

 

 

0.35

%

Fair value per stock option

 

$

15.21

 

 

Schedule of Stock Options Activity

The following table summarizes Chemours’ stock option activity for the nine months ended September 30, 2017:

 

 

Number of

Shares

(in thousands)

 

 

Weighted-Average Exercise Price

(per share)

 

 

Weighted-Average

Remaining Contractual Term (years)

 

 

Aggregate

Intrinsic Value

(in thousands)

 

Outstanding, December 31, 2016

 

 

7,969

 

 

$

13.72

 

 

 

5.08

 

 

$

66,668

 

Granted

 

 

878

 

 

 

34.84

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1,987

)

 

 

14.41

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(40

)

 

 

19.10

 

 

 

 

 

 

 

 

 

Expired

 

 

(28

)

 

 

12.00

 

 

 

 

 

 

 

 

 

Outstanding, September 30, 2017

 

 

6,792

 

 

$

15.69

 

 

 

5.27

 

 

$

237,179

 

Exercisable, September 30, 2017

 

 

3,814

 

 

$

14.03

 

 

 

3.63

 

 

$

139,523

 

 

Schedule of Restricted Stock Units Activity

Non-vested awards of RSUs primarily include awards without a performance condition, as well as a small subset of awards for which specific levels of cost savings and revenue enhancements must be achieved for vesting to occur. Non-vested awards, both with and without a performance condition, at September 30, 2017 are shown below:

 

 

 

Number of Shares

(in thousands)

 

 

Weighted-Average

Grant Date

Fair Value

(per share)

 

Non-vested, December 31, 2016

 

 

2,316

 

 

$

11.23

 

Granted

 

 

211

 

 

 

36.42

 

Vested

 

 

(1,275

)

 

 

11.09

 

Forfeited

 

 

(39

)

 

 

15.10

 

Non-vested, September 30, 2017

 

 

1,213

 

 

$

15.46

 

 

Schedule of Performance Share Units Activity

The following table provides compensation costs for stock-based compensation related to PSUs at 100% of target amounts:

 

 

 

Number of Shares

(in thousands)

 

 

Weighted-Average

Grant Date

Fair Value

(per share)

 

Non-vested, December 31, 2016

 

 

803

 

 

$

6.10

 

Granted

 

 

211

 

 

 

40.30

 

Vested

 

 

 

 

 

 

Forfeited

 

 

(27

)

 

 

16.62

 

Non-vested, September 30, 2017

 

 

987

 

 

$

12.94