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Stock Options, Restricted Stock, and Dividend Reinvestment Plans (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted and Performance Stock Activity
A summary of restricted and performance stock and unit activity during the year ended December 31, 2017, is presented below:
 
 
Shares/
Units (a)
 
Weighted
average
grant date
fair value
(per share) (b)
Nonvested on January 1, 2017
 
4,004,402

 
11.28

Shares/units granted
 
1,238,754

 
18.83

Shares/units vested
 
(847,107
)
 
11.64

Shares/units cancelled
 
(424,833
)
 
10.51

Nonvested on December 31, 2017
 
3,971,216

 
12.92

(a)
Includes only units that settle in shares and nonvested performance units are included at 100% payout level.
(b)
The weighted average grant date fair value for shares/units granted in 2016 and 2015 was $12.90 and $13.90, respectively.
Schedule of Stock Options
The summary of stock option activity for the year ended December 31, 2017, is shown below:
 
 
Options
Outstanding
 
Weighted
Average
Exercise Price
(per share)
 
Weighted
Average
Remaining
Contractual Term
(years)
 
Aggregate
Intrinsic Value
(thousands)
January 1, 2017
 
5,937,156

 
17.86

 
 
 
 
Options converted from CBF
 
1,059,685

 
11.54

 
 
 
 
Options granted
 
423,638

 
19.73

 
 
 
 
Options exercised
 
(475,995
)
 
13.66

 
 
 
 
Options expired/cancelled
 
(335,913
)
 
27.21

 
 
 
 
December 31, 2017
 
6,608,571

 
16.80

 
3.18
 
34,003

Options exercisable
 
5,016,496

 
17.65

 
2.56
 
24,646

Options expected to vest
 
1,592,075

 
14.11

 
5.13
 
9,358

Schedule of Valuation Assumptions, Stock Options
FHN used the Black-Scholes Option Pricing Model to estimate the fair value of stock options granted or converted in 2017, 2016, and 2015 with the following assumptions:
 
 
2017
 
2016
 
2015
Expected dividend yield
 
1.82%
 
2.41%
 
1.68%
Expected weighted-average lives of options granted
 
6.09 years
 
6.19 years
 
6.18 years
Expected weighted-average volatility
 
26.90%
 
32.84%
 
32.26%
Expected volatility range
 
 24.36 - 29.44%
 
30.73 – 34.95%
 
23.67 – 40.85%
Risk-free interest rate
 
2.07%
 
1.28%
 
1.68%