XML 102 R61.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
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, 2014:

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     30,786(a)
 SARs(b) (b)  (a)
 Restricted stock 7,253 N/A  (a)
 Stock options(c) 7 $32.26  (a)
 Phantom stock units(d) N/A N/A 
 Performance units(e) N/A  (a)
 Employee stock purchase plan     7,431(f)
Total shares 7,260    38,217 

  • Under the 2014 Incentive Compensation Plan, 36 million shares of stock were authorized for issuance as incentive and nonqualified stock options, SARs, restricted stock and restricted stock units, performance units and performance RSAs.
  • 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 0.3 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 $13.76 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: 
       
 201420132012
Expected life (in years) 6 6 6 
Expected volatility 35%36%37%
Expected dividend yield 2.4%3.0%2.8%
Risk-free interest rate2.0%1.0%1.2%
       
Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block]
  201420132012
    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  48,599$19.98  44,120$20.41  36,502$22.20 
Granted  4,526 21.63  10,267 16.16  12,179 14.36 
Exercised  (4,408) 13.63  (2,904) 11.18  (1,271) 6.29 
Forfeited or expired  (3,127) 34.19  (2,884) 21.78  (3,290) 23.33 
Outstanding at December 31  45,590$19.79  48,599$19.98  44,120$20.41 
Exercisable at December 31  27,950$21.71  26,462$24.14  23,248$26.76 
Outstanding and Exercisable SARs by Grant Price
The following table summarizes outstanding and exercisable SARs by grant price at December 31, 2014:
               
  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 $10.00  3,363$ 3.98  4.3   3,360$3.99  4.3 
$10.01-$20.00  29,089  15.36  6.7   15,783 15.54  5.9 
$20.01-$30.00  4,362  21.64  9.3   31 22.73  3.4 
$30.01-$40.00  6,443  38.67  1.7   6,443 38.67  1.7 
Over $40.00  2,333  42.16  0.8   2,333 42.16  0.8 
All SARs   45,590$ 19.79  5.8   27,950$21.71  4.3 
               
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
  201420132012
    Weighted-  Weighted-  Weighted-
    Average  Average  Average
    Grant-Date  Grant-Date  Grant-Date
RSAs (shares in thousands) SharesFair ValueSharesFair ValueSharesFair Value
Nonvested at January 1  6,710$15.11  6,379$14.32  4,764$15.95 
Granted  3,264 21.61  3,583 16.21  3,863 14.33 
Exercised  (2,183) 14.84  (2,720) 14.71  (1,826) 18.37 
Forfeited  (538) 16.73  (532) 14.97  (422) 15.35 
Nonvested at December 31  7,253$17.98  6,710$15.11  6,379$14.32 
Unvested RSAs by Grant-Date Fair Value
The following table summarizes unvested RSAs by grant-date fair value at December 31, 2014:
      
  Nonvested RSAs
   Weighted-Average
  Number ofRemaining
  RSAs at Year EndContractual Life
Grant-Date Fair Value Per Share (000s)(in years)
Under $5.00  -  - 
$5.01-$10.00  48  0.8 
$10.01-$15.00  1,801  0.7 
$15.01-$20.00  2,320  1.3 
$20.01-$25.00  3,084  1.8 
All RSAs  7,253  1.4 
      
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
  201420132012
    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  546$20.72  3,877$45.00  7,584$53.88 
Exercised  (115) 12.84  (190) 11.88  (205)  10.32 
Forfeited or expired  (166) 36.42  (3,141) 51.23  (3,502)  66.25 
Outstanding at December 31  265$14.25  546$20.72  3,877$45.00 
Exercisable at December 31  265$14.25  546$20.72  3,877$45.00 
Outstanding and Exercisable Stock Options by Exercise Price
The following table summarizes outstanding and exercisable stock options by exercise price at December 31, 2014:
        
  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  4.0 
$10.01-$20.00  258  13.76  1.0 
$20.01-$30.00  1  24.41  3.0 
$30.01-$40.00  -  -  - 
Over $40.00  5  40.98  2.0 
All stock options  265$ 14.25  1.0