Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

STOCK-BASED COMPENSATION PLANS (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of compensation cost under the stock-based compensation plans

The compensation cost from continuing operations under the stock-based compensation plans for our Company and Huntsman International were as follows (dollars in millions):


	Three months				Nine months
	ended				ended
	September 30,				September 30,
	2020		2019		2020		2019
Huntsman Corporation compensation cost	$	6	$	7	$	20	$	22
Huntsman International compensation cost		6		7		19		21

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


	Three months			Nine months
	ended			ended
	September 30,			September 30,
	2020		2019	2020		2019
Dividend yield	3.1	%	NA	3.0	%	2.9	%
Expected volatility	53.7	%	NA	53.1	%	54.0	%
Risk-free interest rate	0.4	%	NA	1.4	%	2.5	%
Expected life of stock options granted during the period	5.9	years	NA	5.9	years	5.9	years

Summary of stock option activity under the stock-based compensation plans


					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
Option Awards	Shares		Price		Term		Value
	(in thousands)				(years)		(in millions)
Outstanding at January 1, 2020		5,025	$	19.08
Granted		788		21.52
Exercised		(484)		13.05
Forfeited		(168)		24.19
Outstanding at September 30, 2020		5,161		19.85		6.1	$	17
Exercisable at September 30, 2020		3,713		18.61		5.0		17

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, 2020		1,640		$	24.61		427	$	24.80
Granted		848			21.92		238		21.53
Vested		(571)	(1)(2)		25.19		(218)		24.64
Forfeited		(41)			26.65		(36)		23.66
Nonvested at September 30, 2020		1,876			23.17		411		23.09

(1)

As of September 30, 2020, a total of 426,856 restricted stock units were vested but not yet issued, of which 37,761 vested during the nine months ended September 30, 2020. 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 174,200 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, 2019. During the nine months ended September 30, 2020, an additional 165,489 performance share unit awards with a grant date fair value of $26.99 vested above the target in accordance the performance criteria of these awards.