DuPont 2015 Annual Report Download - page 109

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E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)
F-50
Number of
Shares
(in thousands)
Weighted
Average
Grant Date
Fair Value
(per share)
Nonvested, December 31, 2014 3,757 $ 57.60
Granted 1,641 71.66
Vested (1,289) 49.26
Forfeited (300) 70.45
Conversion for Spin-off of Chemours 127 61.63
Nonvested, December 31, 2015 3,936 $ 59.54
As of December 31, 2015, there was $68 of unrecognized stock-based compensation expense related to nonvested awards. That
cost is expected to be recognized over a weighted-average period of 1.65 years. The total fair value of stock units vested during
2015, 2014 and 2013 was $64, $75 and $75, respectively.
Other Cash-based Awards
Cash awards under the EIP plan may be granted to employees who have contributed most to the company's success, with
consideration being given to the ability to succeed to more important managerial responsibility. Such awards resulted in
compensation expense of $31, $34 and $52 for 2015, 2014 and 2013, respectively included in income from continuing operations
within the Consolidated Financial Statements. The amounts of the awards are dependent on company earnings and are subject to
maximum limits as defined under the governing plans.
In addition, the company has other variable compensation plans under which cash awards may be granted. These plans include
the company's regional and local variable compensation plans and Pioneer's Annual Reward Program. Such awards resulted in
compensation expense of $150, $137 and $290 for 2015, 2014 and 2013, respectively, included in income from continuing
operations within the Consolidated Financial Statements.