XML 89 R61.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Stock-Based Compensation  
Number of Shares to be issued upon Exercise of Outstanding Stock-Based Awards and Remaining Shares Available for Future Issuance under all Equity Compensation Plans

The following table provides detail of the number of shares to be issued upon exercise of outstanding stock-based awards and remaining shares available for future issuance under all of the Bancorp's equity compensation plans as of December 31, 2013:

Plan Category (shares in thousands) Number of Shares to be Issued Upon Exercise Weighted-Average Exercise PriceShares Available for Future Issuance
Equity compensation plans approved by shareholders     5,393(a)
 SARs(b) (b)  (a)
 Restricted stock 6,710 N/A  (a)
 Stock options(c) 22 $45.82  (a)
 Phantom stock units(d) N/A N/A 
 Performance units(e) N/A  (a)
 Employee stock purchase plan     8,030(f)
Total shares 6,732    13,423 

  • Under the 2011 Incentive Compensation Plan, 39 million shares plus up to 4.5 million shares from the 2008 Incentive Compensation Plan (the Predecessor Plan) of stock were authorized for issuance as incentive and nonqualified stock options, SARs, restricted stock and restricted stock units, performance units and performance restricted stock awards.
  • The number of shares to be issued upon exercise will be determined at vesting based on the difference between the grant price and the market price at the date of exercise.
  • Excludes 0.5 million outstanding options awarded under plans assumed by the Bancorp in connection with certain mergers and acquisitions. The Bancorp has not made any awards under these plans and will make no additional awards under these plans. The weighted-average exercise price of the outstanding options is $19.69 per share.
  • Phantom stock units are settled in cash.
  • The number of shares to be issued is dependent upon the Bancorp achieving certain predefined performance targets and ranges from zero shares to approximately 2 million shares.
  • Represents remaining shares of Fifth Third common stock under the Bancorp's 1993 Stock Purchase Plan, as amended and restated, including an additional 1.5 million shares approved by shareholders on March 28, 2007 and an additional 12 million shares approved by shareholders on April 21, 2009.

 

 

Schedule of Share-based Payment Award, Stock Appreciation Rights, Valuation Assumptions [Table Text Block]
The weighted-average assumptions were as follows for the years ended December 31:
    
 201320122011
Expected life (in years) 666
Expected volatility 36%37%35%
Expected dividend yield 3.0%2.8%2.0%
Risk-free interest rate1.0%1.2%2.6%
    
Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block]
  201320122011
    Weighted-  Weighted-  Weighted-
  Number of SARsAverageNumber of SARsAverageNumber of SARsAverage
SARs (Number of SARs in thousands)  Grant Price Grant Price Grant Price
Outstanding at January 1  44,120$20.41  36,502$22.20  31,152$24.67 
Granted  10,267 16.16  12,179 14.36  8,633 13.36 
Exercised  (2,904) 11.18  (1,271) 6.29  (521) 3.96 
Forfeited or expired  (2,884) 21.78  (3,290) 23.33  (2,762) 25.76 
Outstanding at December 31  48,599$19.98  44,120$20.41  36,502$22.20 
Exercisable at December 31  26,462$24.14  23,248$26.76  20,070$30.29 
Outstanding and Exercisable SARs by Grant Price
The following table summarizes outstanding and exercisable SARs by grant price at December 31, 2013:
               
  Outstanding SARs  Exercisable SARs
      Weighted-     Weighted-
      Average     Average
  Number of  Remaining Number of  Remaining
  SARs at Weighted-Contractual SARs at Weighted-Contractual
  Year EndAverageLife Year EndAverageLife
Grant price per share (000s)Grant Price(in years) (000s)Grant Price(in years)
Under $10.00  4,096$ 4.08  5.3   4,096$4.08  5.3 
$10.01-$20.00  34,077  15.36  7.6   11,940 16.00  6.2 
$20.01-$30.00  33  22.85  4.0   33 22.85  4.0 
$30.01-$40.00  6,713  38.68  2.7   6,713 38.68  2.7 
Over $40.00  3,680  46.32  1.2   3,680 46.32  1.2 
All SARs   48,599$ 19.98  6.2   26,462$24.14  4.5 
               
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
  201320122011
    Weighted-  Weighted-  Weighted-
    Average  Average  Average
    Grant -Date  Grant -Date  Grant -Date
RSAs (shares in thousands) SharesFair ValueSharesFair ValueSharesFair Value
Nonvested at January 1  6,379$14.32  4,764$15.95  5,158$18.89 
Granted  3,583 16.21  3,863 14.33  1,702 13.19 
Exercised  (2,720) 14.71  (1,826) 18.37  (1,646) 22.52 
Forfeited  (532) 14.97  (422) 15.35  (450) 15.34 
Nonvested at December 31  6,710$15.11  6,379$14.32  4,764$15.95 
Unvested RSAs by Grant-Date Fair Value
The following table summarizes unvested RSAs by grant-date fair value at December 31, 2013:
      
  Nonvested RSAs
   Weighted-Average
  Number ofRemaining
  RSAs at Year EndContractual Life
Grant-Date Fair Value Per Share (000s)(in years)
$5.01-$10.00  62  1.7 
$10.01-$15.00  3,363  1.1 
$15.01-$20.00  3,285  1.8 
All RSAs  6,710  1.4 
      
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
  201320122011
    Weighted-  Weighted-  Weighted-
  Number of AverageNumber of AverageNumber of Average
Stock Options (Number of Options in thousands) OptionsExercise PriceOptionsExercise PriceOptionsGrant Price
Outstanding at January 1  3,877$45.00  7,584$53.88  11,859$52.01 
Exercised  (190) 11.88  (205) 10.32  (96)  9.25 
Forfeited or expired  (3,141) 51.23  (3,502) 66.25  (4,179)  49.61 
Outstanding at December 31  546$20.72  3,877$45.00  7,584$53.88 
Exercisable at December 31  546$20.72  3,877$45.00  7,584$53.88 
Outstanding and Exercisable Stock Options by Exercise Price
The following table summarizes outstanding and exercisable stock options by exercise price at December 31, 2013:
        
  Outstanding and Exercisable Stock Options
  Number of Options at Year End (000s)   Weighted-Average Remaining Contractual Life (in years)
   Weighted- 
   Average 
Exercise price per share  Exercise Price 
Under $10.00  1$ 8.59  5.0 
$10.01-$20.00  385  13.42  1.6 
$20.01-$30.00  1  24.41  4.0 
$30.01-$40.00  133  36.38  0.3 
Over $40.00  26  49.46  1.1 
All stock options  546$ 20.72  1.3