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Stock and Incentive Programs (Tables)
12 Months Ended
Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Activity

 

A summary of the Company’s stock option activity for LSC Communications, RRD and Donnelley Financial employees, officers and directors as of December 31, 2017 and 2016 and changes during the year ended December 31, 2017 is presented below.

 

 

 

Shares Under Option

(thousands)

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

(years)

 

 

Aggregate

Intrinsic

Value

(millions)

 

Outstanding at December 31, 2016

 

 

299

 

 

$

25.32

 

 

 

3.3

 

 

$

2

 

Cancelled/forfeited/expired

 

 

(2

)

 

 

—

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

 

297

 

 

 

25.32

 

 

 

2.3

 

 

 

—

 

Vested and expected to vest at December 31, 2017

 

 

297

 

 

 

25.32

 

 

 

2.3

 

 

 

—

 

Exercisable at December 31, 2017

 

 

297

 

 

$

25.32

 

 

 

2.3

 

 

$

—

 

Summary of Restricted Stock Units Activity

A summary of the Company’s RSU activity for LSC Communications, RRD and Donnelley Financial employees, officers and directors as of December 31, 2017 and 2016 and changes during the year ended December 31, 2017 is presented below.

 

 

 

Shares

(thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Outstanding at December 31, 2016

 

 

652

 

 

$

28.39

 

Granted

 

 

145

 

 

 

28.94

 

Vested

 

 

(86

)

 

 

27.22

 

Forfeited

 

 

(7

)

 

 

29.45

 

Nonvested at December 31, 2017

 

 

704

 

 

$

28.64

 

Summary of Restricted Stock Award Activity for Employees

A summary of RSA activity for the Company’s employees as of December 31, 2017 and 2016, and changes during the year ended December 31, 2017 is presented below.

 

 

 

Shares

(thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Nonvested at December 31, 2016

 

159

 

 

$

26.26

 

Granted

 

9

 

 

 

26.26

 

Vested

 

 

(56

)

 

 

26.26

 

Nonvested at December 31, 2017

 

112

 

 

$

26.26

 

Performance Restricted Stock  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Performance Activity for Employees

A summary of PRS activity for the Company’s employees as of December 31, 2017 and 2016, and changes during the year months ended December 31, 2017 is presented below.

 

 

 

Shares

(thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Nonvested at December 31, 2016

 

266

 

 

$

26.26

 

Granted

 

45

 

 

 

28.94

 

Vested

 

 

(89

)

 

 

26.26

 

Nonvested at December 31, 2017

 

222

 

 

$

26.80

 

Performance Share Units  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Performance Activity for Employees

 

A summary of PSU activity for the Company’s employees as of December 31, 2017 and 2016, and changes during the year ended December 31, 2017 is presented below.

 

 

 

Shares

(thousands)

 

 

Weighted

Average Grant

Date Fair Value

 

Nonvested at December 31, 2016

 

 

—

 

 

$

—

 

Granted

 

 

29

 

 

 

26.72

 

Nonvested at December 31, 2017

 

 

29

 

 

$

26.72