XML 43 R30.htm IDEA: XBRL DOCUMENT v3.19.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2019
Retirement Benefits [Abstract]  
Fair value assumptions of stock options
The following assumptions were used in estimating the fair value for options granted in the first nine months of 2019 and full year 2018:
 
2019
 
2018
Dividend yield
3.30
%
 
2.50
%
Risk-free interest rate
2.60
%
 
2.60
%
Weighted average expected volatility
24.00
%
 
22.00
%
Weighted average expected life
5.75 years

 
5.75 years

Weighted average per share fair value of options
$4.00
 
$4.47
Summary of company's stock option activities
A summary of the Corporation’s stock option activity for the nine months ended September 30, 2019 is presented below:
Stock Options
Shares(a)
Weighted Average
Exercise Price
Weighted Average Remaining Contractual Term
Aggregate Intrinsic Value(a)
Outstanding at December 31, 2018
5,281

$
19.09

6.18
$
12,392

Granted
1,050

22.77

 
 
Exercised
(498
)
15.57

 
 
Forfeited or expired
(114
)
22.42

 
 
Outstanding at September 30, 2019
5,718

$
20.01

6.43
$
11,541

Options Exercisable at September 30, 2019
3,535

$
18.12

5.14
$
10,901
Summary of restricted stock awards activity (excluding salary shares) The following table summarizes information about the Corporation’s restricted stock awards activity for the nine months ended September 30, 2019:
Restricted Stock Awards
Shares(a)
 
Weighted Average
Grant Date Fair Value
Outstanding at December 31, 2018
1,993

 
$
21.92

Granted
1,172

 
22.20

Vested
(693
)
 
20.56

Forfeited
(67
)
 
23.85

Outstanding at September 30, 2019
2,405

 
$
22.39