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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Summary of Assumptions Used for Grants of Time-Based Awards

The following assumptions were used for the grants of time-based awards during 2019, 2018 and 2017:  

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Expected life (years)

 

 

—

 

 

 

6.00

 

 

 

4.50

 

Risk-free interest rate

 

 

—

 

 

 

2.87

%

 

 

2.02

%

Expected dividend yield

 

 

—

 

 

 

4.97

%

 

 

3.76

%

Expected volatility

 

 

—

 

 

 

25.96

%

 

 

22.01

%

Weighted average volatility

 

 

—

 

 

 

25.96

%

 

 

22.01

%
Summary of Stock Option Plan Activity

 

Nielsen’s stock option plan activity is summarized below:

 

 

 

Number of Options
(Time Based)

 

 

Weighted-Average
Exercise Price

 

 

Weighted-
Average
Remaining
Contractual
Term in
Years

 

 

Aggregate
Intrinsic
Value in
Millions

 

Stock Option Plan activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2016

 

 

8,158,168

 

 

$

40.19

 

 

 

4.43

 

 

$

43

 

Granted

 

 

1,000

 

 

 

36.17

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(996,015

)

 

 

47.59

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1,293,850

)

 

 

28.13

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

 

5,869,303

 

 

$

41.58

 

 

 

3.52

 

 

$

13

 

Granted

 

 

750,000

 

 

 

40.00

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(988,826

)

 

 

46.08

 

 

 

 

 

 

 

 

 

Expired options

 

 

(153,799

)

 

 

30.47

 

 

 

 

 

 

 

 

 

Exercised

 

 

(844,842

)

 

 

28.04

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

4,631,836

 

 

$

43.20

 

 

 

3.66

 

 

$

—

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(662,732

)

 

 

46.31

 

 

 

 

 

 

 

 

 

Expired options

 

 

(445,760

)

 

 

28.09

 

 

 

 

 

 

 

 

 

Exercised

 

 

(9,027

)

 

 

17.44

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

3,514,317

 

 

$

44.60

 

 

 

3.15

 

 

$

—

 

Exercisable at December 31, 2019

 

 

2,817,876

 

 

$

44.77

 

 

 

2.61

 

 

$

—

 
Summary of Restricted Stock Units

Activity of Nielsen’s restricted stock units (RSUs) that are ultimately payable in shares of common stock granted under the Stock Incentive Plan is summarized below:

 

 

 

Number of
RSUs

 

 

Weighted-Average
Grant Date

Fair Value

 

RSU activity

 

  

 

 

 

 

 

 

Nonvested at December 31, 2016

 

  

 1,356,393

 

 

$

47.69

 

Granted

 

  

 1,574,973

 

 

 

36.23

 

Forfeited

 

  

 (339,292

)

 

 

  46.09

 

Vested

 

  

 (503,086

)

 

 

44.62

 

Nonvested at December 31, 2017

 

  

 2,088,988

 

 

$

40.36

 

Granted

 

  

 2,780,914

 

 

 

25.35

 

Forfeited

 

  

 (361,821

)

 

 

38.46

 

Vested

 

  

 (642,397

)

 

 

41.24

 

Nonvested at December 31, 2018

 

  

 3,865,684

 

 

$

29.88

 

Granted

 

  

 2,454,871

 

 

 

21.46

 

Forfeited

 

  

 (692,718

)

 

 

28.63

 

Vested

 

  

 (986,852

)

 

 

33.60

 

Nonvested at December 31, 2019

 

  

 4,640,985

 

 

$

25.10

 
Time and Performance Based Stock Options  
Summary of Assumptions Used for Grants of Time-Based Awards

The following assumptions were used for grants of time and performance based awards during 2018:

 

 

 

 

Year Ended December 31, 2018

 

Expected life (years)

 

 

 

5.00

 

 

Risk-free interest rate

 

 

 

2.83-2.92

%

 

Expected dividend yield

 

 

 

4.85- 5.54

%

 

Expected volatility

 

 

 

27.11-27.27

%

 

Weighted average volatility

 

 

 

27.13

%