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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
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 approved by shareholders as of December 31, 2015:

        
Plan Category (shares in thousands) Number of Shares to be Issued Upon Exercise Weighted-Average Exercise Price Per ShareShares Available for Future Issuance
Equity compensation plans approved by shareholders     24,667(a)
 SARs(b) N/A  (a)
 RSAs 8,281 N/A  (a)
 RSUs 371 N/A  (a)
 Stock options(c) 7 $32.26  (a)
 Phantom stock units(d) N/A N/A 
 PSAs(e) N/A  (a)
 Employee stock purchase plan     6,813(f)
Total shares 8,659    31,480 

  • Under the 2014 Incentive Compensation Plan, 36 million shares were authorized for issuance as SARs, RSAs, RSUs, stock options, performance share or unit awards, dividend or dividend equivalent rights and stock awards.
  • The number of shares to be issued upon exercise will be determined at exercise based on the difference between the grant price and the market price on the date of exercise and the calculation of taxes owed on the exercise.
  • Excludes 0.1 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 $13.89 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 1 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
       
The weighted-average assumptions were as follows for the years ended December 31: 
       
 201520142013
Expected life (in years) 6 6 6 
Expected volatility 35%35 36 
Expected dividend yield 2.7 2.4 3.0 
Risk-free interest rate1.6 2.0 1.0 
       
Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity
              
  201520142013
    Weighted-  Weighted-  Weighted-
  Number of SARsAverage GrantNumber of SARsAverage GrantNumber of SARsAverage Grant
SARs (in thousands, except per share data)  Price Per Share Price Per Share Price Per Share
Outstanding at January 1  45,590$19.79  48,599$19.98  44,120$20.41 
Granted  5,219 18.99  4,526 21.63  10,267 16.16 
Exercised  (3,242) 13.59  (4,408) 13.63  (2,904) 11.18 
Forfeited or expired  (3,438) 32.96  (3,127) 34.19  (2,884) 21.78 
Outstanding at December 31  44,129$19.14  45,590$19.79  48,599$19.98 
Exercisable at December 31  29,721$19.71  27,950$21.71  26,462$24.14 
              
Outstanding and Exercisable SARs by Grant Price
The following table summarizes outstanding and exercisable SARs by grant price per share at December 31, 2015:
               
  Outstanding SARs  Exercisable SARs
      Weighted-     Weighted-
     Average    Average
   Weighted-Remaining  Weighted-Remaining
  Number ofAverage GrantContractual Life Number ofAverage GrantContractual Life
SARs (in thousands, except per share data) SARsPrice Per Share(in years) SARsPrice Per Share(in years)
Under $10.00  2,943$ 3.98  3.3   2,943$3.98  3.3 
$10.01-$20.00  30,488  15.99  6.3   19,074 15.37  5.3 
$20.01-$30.00  4,047  21.64  8.2   1,053 21.66  8.1 
$30.01-$40.00  6,069  38.66  0.8   6,069 38.66  0.8 
Over $40.00  582  40.11  1.3   582 40.11  1.3 
All SARs   44,129$ 19.14  5.5   29,721$19.71  4.2 
               
Schedule of Share-Based Compensation, RSAs
              
  201520142013
    Weighted-Average  Weighted-Average  Weighted-Average
    Grant-Date  Grant-Date  Grant-Date
    Fair Value  Fair Value  Fair Value
RSAs (in thousands, except per share data) SharesPer ShareSharesPer ShareSharesPer Share
Nonvested at January 1  7,253$17.98  6,710$15.11  6,379$14.32 
Granted  4,250 19.11  3,264 21.61  3,583 16.21 
Exercised  (2,580) 16.86  (2,183) 14.84  (2,720) 14.71 
Forfeited  (642) 18.64  (538) 16.73  (532) 14.97 
Nonvested at December 31  8,281$18.88  7,253$17.98  6,710$15.11 
              
Unvested RSAs by Grant-Date Fair Value
The following table summarizes nonvested RSAs by grant-date fair value at December 31, 2015:
      
  Nonvested RSAs
   Weighted-Average
   Remaining
   Contractual Life
RSAs (in thousands) Shares(in years)
$10.01-$15.00  690  0.3 
$15.01-$20.00  5,153  1.6 
$20.01-$25.00  2,438  1.4 
All RSAs  8,281  1.4 
      
Schedule of Share-Based Compensation, RSUS
          
   2015
       Weighted-Average
       Grant-Date
       Fair Value
RSUs (in thousands, except per share data)   SharesPer Share
Nonvested at January 1      -$N/A 
Granted      377 19.58 
Released      (5) 21.63 
Forfeited      (1) 19.46 
Nonvested at December 31      371$19.56 
          
Unvested RSUs by Grant-Date Fair Value
The following table summarizes nonvested RSUs by grant-date fair value at December 31, 2015:
      
  Nonvested RSUs
   Weighted-Average
   Remaining
   Contractual Life
RSUs (in thousands) Shares(in years)
$15.01-$20.00  318  1.8 
$20.01-$25.00  53  - 
All RSUs  371  1.6 
      
Schedule of Share-based Compensation, Stock Options, Activity
              
  201520142013
    Weighted-Average  Weighted-Average  Weighted-Average
  Number of Exercise PriceNumber of Exercise PriceNumber of Exercise Price
Stock Options (in thousands, except per share data) OptionsPer ShareOptionsPer ShareOptionsPer Share
Outstanding at January 1  265$14.25  546$20.72  3,877$45.00 
Exercised  (126) 13.67  (115) 12.84  (190) 11.88 
Forfeited or expired  (20) 13.59  (166) 36.42  (3,141) 51.23 
Outstanding at December 31  119$14.97  265$14.25  546$20.72 
Exercisable at December 31  119$14.97  265$14.25  546$20.72 
              
Outstanding and Exercisable Stock Options by Exercise Price
The following table summarizes outstanding and exercisable stock options by exercise price per share at December 31, 2015:
        
  Outstanding and Exercisable Stock Options
  Number of Options  Weighted-Average
   Weighted-AverageRemaining
   Exercise PriceContractual Life
Stock Options (in thousands, except per share data)  Per Share(in years)
Under $10.00  1$ 8.59  3.0 
$10.01-$20.00  112  13.89  0.8 
$20.01-$30.00  1  24.41  2.0 
$30.01-$40.00  -  -  - 
Over $40.00  5  40.98  1.0 
All stock options  119$ 14.97  0.8