Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of compensation cost under the 2016 Stock Incentive Plan and the Prior Plan

The compensation cost under the 2016 Stock Incentive Plan and the Prior Plan for our Company and Huntsman International were as follows (dollars in millions):


	Year ended December 31,
	2019		2018		2017
Huntsman Corporation compensation cost	$	29	$	27	$	36
Huntsman International compensation cost		28		26		35

Schedule of assumptions used to calculate fair value of each stock option award estimated on the date of grant using the Black-Scholes valuation model




	Year ended December 31,
	2019		2018		2019
Dividend yield	2.9	%	1.6	%	2.4	%
Expected volatility	54.0	%	55.2	%	56.9	%
Risk-free interest rate	2.5	%	2.6	%	2.0	%
Expected life of stock options granted during the period	5.9	years	5.9	years	5.9	years

Summary of stock option activity under the 2016 Stock Incentive Plan and the Prior Plan


					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
Option Awards	Shares		Price		Term		Value
	(in thousands)				(years)		(in millions)
Outstanding at January 1, 2019		4,545	$	17.81
Granted		896		22.66
Exercised		(366)		11.19
Forfeited		(50)		25.59
Outstanding at December 31, 2019		5,025		19.08		6.2	$	30
Exercisable at December 31, 2019		3,600		16.90		5.3		27

Summary of status of nonvested shares


	Equity Awards					Liability Awards
				Weighted				Weighted
				Average				Average
				Grant-Date				Grant-Date
	Shares			Fair Value		Shares		Fair Value
	(in thousands)					(in thousands)
Nonvested at January 1, 2019		1,923		$	19.08		504	$	20.66
Granted		709			24.60		256		22.64
Vested		(974)	(1)(2)		13.65		(313)		16.32
Forfeited		(18)			26.29		(20)		25.33
Nonvested at December 31, 2019		1,640			24.61		427		24.80

(1)

As of December 31, 2019, a total of 389,095 restricted stock units were vested but not yet issued, of which 30,486 vested during 2019. These shares have not been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment.

(2)

A total of 412,246 performance share unit awards are reflected in the vested shares in this table, which represents the target number of performance share unit awards for this grant and were included in the balance at December 31, 2018. During the year ended December 31, 2019, an additional 357,006 performance share unit awards with a grant date fair value of $10.22 vested above the target in accordance the performance criteria of these awards.