Incentive plans

6 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Note 5. Stock incentive plan

The Company’s 2015 Stock Incentive Plan provides for granting stock options, restricted stock awards and performance awards to directors, officers and employees of the Company. The restricted stock-based compensation awards generally vest over a period ranging from one to eight years.

A summary of the Company’s Stock Incentive Plan activity for the six months ended June 30, 2017 is presented below:


		Restricted		Stock		Performance
		Stock Shares		Options		Units

Outstanding at December 31, 2016			1,157,270		20,000		331,526
	Awards granted (a)		439,484		-		108,398
	Options exercised		-		(20,000)		-
	Awards cancelled / forfeited		(59,614)		-		(43,333)
	Lapse of restrictions		(354,909)		-		-
Outstanding at June 30, 2017		1,182,231		-		396,591

(a) Weighted average grant date fair value per share/unit		$	121.81	$	-	$	183.48

The following table reflects the future stock-based compensation expense to be recorded for all the stock-based compensation awards that were outstanding at June 30, 2017:


(in millions)

Remaining 2017		$	35
2018			48
2019			25
Thereafter			8
	Total	$	116

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details