XML 68 R62.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Weighted Average Assumptions - Stock Option Awards
Weighted-Average Assumptions
Successor
Predecessor
 
For the Year Ended December 31, 2019
For the Year Ended December 31, 2018
For the Period September 1 through December 31, 2017
For the Period January 1 through August 31, 2017
Dividend yield
1.55
%
2.1
%
2.2
%
2.0
%
Expected volatility
19.80
%
23.30
%
23.59
%
23.21
%
Risk-free interest rate
2.4
%
2.8
%
2.1
%
2.3
%
Expected life of stock options granted during period (years)
6.1

6.2

7.2

7.2
EIP [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Option Activity
Stock Options
For the year ended December 31, 2019
 
Number of Shares
(in thousands)
Weighted Average Exercise Price (per share)
Weighted Average Remaining Contractual Term (in years)
Aggregate Intrinsic Value
(in thousands)
Outstanding at January 1, 2019
17,079

$
53.26

 
 
Exercised
(886
)
39.19

 
 
Forfeited/Expired
(85
)
46.87

 
 
Outstanding at April 1, 2019
16,108

$
54.07

4.76

$
76,942

Exercisable at April 1, 2019
13,314

$
51.09

3.94

$
74,749

 
 
 
 
 
Conversion - Dow Distribution1
21,700

$
35.41

 
 
Granted2
2,561

29.95

 
 
Exercised
(134
)
27.24

 
 
Forfeited/Expired
(129
)
35.07

 
 
Impact of Internal Reorganization, net
(10,112
)
36.07

 
 
Outstanding at May 31, 2019
13,886

$
34.00

3.90

$
20,779

Exercisable at May 31, 2019
12,481

$
32.85

3.39

$
18,979

 
 
 
 
 
Conversion - Corteva Distribution3
(13,886
)
$
34.00

 
 
Outstanding at December 31, 2019
—

$
—

—

$
—

Exercisable at December 31, 2019
—

$
—

—

$
—

1.
As a result of the Dow Distribution, all outstanding DowDuPont equity awards under the EIP were converted into DowDuPont-denominated awards under the “Employer Method,” or into Dow-denominated awards under the “Shareholder Method,” using a formula designed to preserve the intrinsic value of the awards immediately prior to and subsequent to the Dow Distribution.
2.
As a result of the Dow Distribution, outstanding DowDuPont equity awards under the Heritage Dow Plans were moved to the EIP and were converted into DowDuPont-denominated awards under the “Employer Method,” or into Dow-denominated awards under the “Shareholder Method,” using a formula designed to preserve the intrinsic value of the awards immediately prior to and subsequent to the Dow Distribution. These outstanding equity awards are included in the number of “Granted” awards in the table above.
3.
As a result of the Corteva Distribution, all outstanding DowDuPont equity awards under the EIP were converted into Corteva-denominated awards under the “Employer Method,” or into DuPont-denominated awards under the “Shareholder Method,” using a formula designed to preserve the intrinsic value of the awards immediately prior to and subsequent to the Corteva Distribution and moved to the OIP.
RSU and PSU Activity
RSUs & PSUs
For the year ended December 31, 2019
 
Number of Shares
(in thousands)
Weighted Average Grant Date Fair Value
(per share)
Nonvested at January 1, 2019
3,147

$
68.18

Granted
2,578

52.66

Vested
(1,113
)
67.85

Forfeited
(12
)
67.08

Nonvested at April 1, 2019
4,600

$
59.57

 
 
 
Conversion - Dow Distribution1
6,120

$
39.46

Granted2
1,288

42.34

Vested
(76
)
42.26

Forfeited
(47
)
40.35

Impact of Internal Reorganization, net
(4,185
)
39.76

Nonvested at May 31, 2019
3,100

$
40.18

Conversion - Corteva Distribution3
(3,100
)
$
40.18

Nonvested at December 31, 2019
—

$
—

1.
As a result of the Dow Distribution, all outstanding DowDuPont equity awards under the EIP were converted into DowDuPont-denominated awards under the “Employer Method,” or into Dow-denominated awards under the “Shareholder Method,” using a formula designed to preserve the intrinsic value of the awards immediately prior to and subsequent to the Dow Distribution.
2.
As a result of the Dow Distribution, outstanding DowDuPont equity awards under the Heritage Dow Plans were moved to the EIP and were converted into DowDuPont-denominated awards under the “Employer Method,” or into Dow-denominated awards under the “Shareholder Method,” using a formula designed to preserve the intrinsic value of the awards immediately prior to and subsequent to the Dow Distribution. These outstanding equity awards are included in the number of “Granted” awards in the table above.
3.
As a result of the Corteva Distribution, all outstanding DowDuPont equity awards under the EIP were converted into Corteva-denominated awards under the “Employer Method,” or into DuPont-denominated awards under the “Shareholder Method,” using a formula designed to preserve the intrinsic value of the awards immediately prior to and subsequent to the Corteva Distribution and moved to the OIP.
OIP [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Option Activity
Stock Options
For the year ended December 31, 2019
 
Number of Shares
(in thousands)
Weighted Average Exercise Price (per share)
Weighted Average Remaining Contractual Term (in years)
Aggregate Intrinsic Value
(in thousands)
Outstanding at January 1, 2019
—

$
—

 
 
Converted on June 1, 20191
10,468

32.11




Exercised
(355
)
20.95




Forfeited/Expired
(68
)
38.45




Outstanding at December 31, 2019
10,045

$
32.47

4.73
$
20,186

Exercisable at December 31, 2019
8,036

$
30.54

3.95
$
19,172

1.
As a result of the Corteva Distribution, all outstanding DowDuPont equity awards under the EIP were converted into Corteva-denominated awards under the “Employer Method,” or into DuPont-denominated awards under the “Shareholder Method,” using a formula designed to preserve the intrinsic value of the awards immediately prior to and subsequent to the Corteva Distribution and moved to the OIP.
RSU and PSU Activity
RSUs & PSUs
For the year ended December 31, 2019
 
Number of Shares
(in thousands)
Weighted Average Grant Date Fair Value
(per share)
Nonvested at January 1, 2019
—

$
—

Converted on June 1, 20191
3,757

35.56

Granted
2,228

28.88

Vested
(497
)
39.07

Forfeited
(50
)
36.50

Nonvested at December 31, 2019
5,438

$
32.49

1.
As a result of the Corteva Distribution, all outstanding DowDuPont equity awards under the EIP were converted into Corteva-denominated awards under the “Employer Method,” or into DuPont-denominated awards under the “Shareholder Method,” using a formula designed to preserve the intrinsic value of the awards immediately prior to and subsequent to the Corteva Distribution and moved to the OIP.