Stock-Based Compensation

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement [Text Block]

Stock-Based Compensation

The following table summarizes OG&E's pre-tax compensation expense and related income tax benefit during the three and nine months ended September 30, 2020 and 2019 related to OGE Energy's performance units and restricted stock units for OG&E employees.

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2020		2019		2020		2019
Performance units:
Total shareholder return	$	0.5	$	0.8	$	1.8	$	2.3
Earnings per share	—		0.8		0.1		1.1
Total performance units	0.5		1.6		1.9		3.4
Restricted stock units	0.1		0.1		0.3		0.3
Total compensation expense	$	0.6	$	1.7	$	2.2	$	3.7
Income tax benefit	$	0.2	$	0.4	$	0.6	$	0.9

During the three and nine months ended September 30, 2020, OGE Energy purchased 150,000 and 405,000 shares of its common stock, respectively, and 89,225 of these shares were used during March 2020 to satisfy payouts of earned performance units to OG&E employees pursuant to OGE Energy's Stock Incentive Plan. OGE Energy intends to use the remaining shares to satisfy payouts of earned performance units and restricted stock unit grants pursuant to its Stock Incentive Plan. The shares were purchased at an average cost of $38.04 and $33.14 per share on the open market during March 2020 and August 2020, respectively.