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

Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION PLAN (Tables)

STOCK-BASED COMPENSATION PLAN (Tables)

12 Months Ended

Dec. 31, 2018

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,
	2018		2017		2016
Huntsman Corporation compensation cost	$	27	$	36	$	32
Huntsman International compensation cost		26		35		31

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,
	2018		2017		2016
Dividend yield	1.6	%	2.4	%	5.6	%
Expected volatility	55.2	%	56.9	%	57.9	%
Risk-free interest rate	2.6	%	2.0	%	1.4	%
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, 2018		7,988	$	13.99
Granted		509		32.51
Exercised		(3,873)		11.85
Forfeited		(79)		18.70
Outstanding at December 31, 2018		4,545		17.81		6.5	$	18
Exercisable at December 31, 2018		2,816		17.02		5.6		10

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, 2018		2,457		$	14.93		696	$	14.69
Granted		435			35.04		169		32.77
Vested		(840)	(1)		15.67		(337)		14.70
Forfeited		(129)			16.22		(24)		16.66
Nonvested at December 31, 2018		1,923			19.08		504		20.66

(1)

As of December 31, 2018, a total of 358,609 restricted stock units were vested but not yet issued, of which 15,922 vested during 2018. 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.