Stock Options, Restricted Stock, and Dividend Reinvestment Plans (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of Restricted and Performance Stock Activity

A summary of restricted and performance stock and unit activity during the year ended December 31, 2019, is presented below:

	Shares/ Units (a)		Weighted average grant date fair value (per share) (b)
January 1, 2019	4,089,824		$	16.27
Shares/units granted	1,761,343		14.93
Shares/units vested/distributed	(1,042,270	)	13.99
Shares/units cancelled	(120,649	)	17.43
December 31, 2019	4,688,248		$	16.25

(a) Includes only units that settle in shares and nonvested performance units are included at 100% payout level.

(b)

The weighted average grant date fair value for shares/units granted in 2018 and 2017 was $18.70 and $18.83, respectively.

Schedule of Stock Options

The summary of stock option activity for the year ended December 31, 2019, is shown below:

	Options Outstanding		Weighted Average Exercise Price (per share)		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (thousands)
January 1, 2019	5,904,687		$	16.16
Options granted	530,787		15.43
Options exercised	(895,695	)	10.79
Options expired/cancelled	(607,998	)	27.94
December 31, 2019	4,931,781		15.61		3.08	$	13,385
Options exercisable	3,347,210		15.76		2.32	10,060
Options expected to vest	1,584,571		15.28		4.68	3,325

Schedule of Valuation Assumptions, Stock Options

FHN used the Black-Scholes Option Pricing Model to estimate the fair value of stock options granted or converted in 2019, 2018, and 2017 with the following assumptions:

	2019	2018	2017
Expected dividend yield	3.63%	2.57%	1.82%
Expected weighted-average lives of options granted	6.24 years	6.21 years	6.09 years
Expected weighted-average volatility	24.76%	24.61%	26.90%
Expected volatility range	23.07 - 26.45%	23.95 - 25.26%	24.36 - 29.44%
Risk-free interest rate	2.53%	2.69%	2.07%