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Share-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Restricted Stock Award and Stock Option Transactions
The Corporation's restricted stock award transactions were as follows:
 
Number of Awards
 
Weighted-Average Grant Date Fair Value Per Award
Outstanding at December 31, 2016
3,536,175

 
$
12.81

Outstanding at December 31, 2016 as adjusted for conversion
1,796,678

 
25.21

Granted
296,404

 
32.42

Forfeited/canceled
(293,174
)
 
22.39

Vested
(458,772
)
 
26.86

Outstanding at December 31, 2017
2,639,663

 
$
13.65

Outstanding at December 31, 2017 as adjusted for conversion
1,341,136

 
26.86

Granted
387,909

 
42.61

Forfeited/canceled
(119,366
)
 
29.77

Vested
(446,447
)
 
24.09

Outstanding at December 31, 2018
2,289,446

 
16.70

Outstanding at December 31, 2018 as adjusted for conversion
1,163,232

 
32.87

Granted
269,915

 
40.82

Forfeited/canceled
(136,489
)
 
34.18

Vested
(408,353
)
 
34.37

Outstanding at December 31, 2019
888,305

 
$
40.67


A summary of the activity for RSUs for the years ended December 31, 2019, 2018 and 2017 is presented below:
 
Number of Units
 
Weighted-average Grant Date Fair Value Per Unit
Outstanding at December 31, 2016
228,867

 
$
12.86

Outstanding at December 31, 2016 as adjusted for conversion
116,289

 
25.31

Granted
67,130

 
37.72

Outstanding at December 31, 2017
360,988

 
15.17

Outstanding at December 31, 2017 as adjusted for conversion
183,419

 
29.86

Granted
60,181

 
43.78

Forfeited/canceled
(10,411
)
 
28.59

Vested
(26,609
)
 
28.81

Outstanding at December 31, 2018
406,575

 
17.33

Outstanding at December 31, 2018 as adjusted for conversion
206,580

 
34.11

Granted
638,138

 
41.99

Acquired in the Merger(1)
879,779

 
47.36

Forfeited/canceled
(26,347
)
 
43.43

Vested
(186,330
)
 
38.11

Outstanding at December 31, 2019
1,511,820

 
44.49

(1)
Inclusive of certain Legacy TCF PRSUs which were converted at their maximum payout into 55,022 TRSUs with a weighted-average grant date fair value per unit of $42.06.
Stock Option Activity
A summary of activity for the Corporation's stock options is presented below:
 
Non-Vested Stock Options Outstanding
 
Stock Options Outstanding
 
Number of Options
 
Weighted-average Exercise Price
 
Number of Options
 
Weighted-average Exercise Price
Outstanding at December 31, 2016
—

 
$
—

 
404,000

 
$
15.75

Outstanding at December 31, 2016 as adjusted for conversion
—

 
—

 
205,272

 
31.00

Exercised
—

 
—

 
(19,308
)
 
31.00

Outstanding at December 31, 2017
—

 
—

 
366,000

 
15.75

Outstanding at December 31, 2017 as adjusted for conversion
 
 
 
 
185,964

 
31.00

Exercised
—

 
—

 
(185,964
)
 
31.00

Outstanding at December 31, 2018
—

 
—

 
—

 
—

Acquired in the Merger(1)
127,906

 
39.38

 
520,379

 
29.48

Exercised
—

 
—

 
(25,602
)
 
30.10

Forfeited/canceled
(5,953
)
 
32.81

 
—

 
—

Expired
—

 
—

 
(756
)
 
32.81

Vested
(1,144
)
 
46.95

 
1,144

 
46.95

Outstanding at December 31, 2019
120,809

 
$
39.63

 
495,165

 
$
29.48

Exercisable/vested at December 31, 2019
 
 
 
 
495,165

 
$
29.48

(1) Options acquired in the Merger expire ten years from the date of grant and vest ratably over a five-year period.