BMY » Topics » Restricted Stock Awards and Restricted Stock Units

This excerpt taken from the BMY 8-K filed Apr 28, 2009.

Restricted Stock Awards and Restricted Stock Units

The fair value of nonvested shares of the Company’s common stock is determined based on the average trading price of the Company’s common stock on the grant date.

Restricted share activities were as follows:

 

Shares in Thousands    Number of Shares     Weighted-Average
Grant-Date Fair Value

Nonvested shares at January 1, 2006

   4,162     $ 27.36

Granted

   4,295       23.45

Vested

   (645 )     32.48

Forfeited

   (921 )     26.64
        

Nonvested shares at December 31, 2006

   6,891       24.58

Granted

   3,584       27.14

Vested

   (1,360 )     25.51

Forfeited

   (892 )     25.13
        

Nonvested shares at December 31, 2007

   8,223       25.48

Granted

   5,468       22.22

Vested

   (3,310 )     25.37

Forfeited

   (1,650 )     24.22
        

Nonvested shares at December 31, 2008

   8,731       23.73
        

Expected to vest

   8,270       23.73

At December 31, 2008, there was $153 million of total unrecognized compensation cost related to nonvested restricted stock and that cost is expected to be recognized over a weighted-average period of 2.6 years. The total fair value of nonvested shares and share units granted that was recognized as compensation expense was $82 million in 2008, $53 million in 2007 and $34 million in 2006. The total fair value of shares and share units that vested in 2008 was $84 million.

These excerpts taken from the BMY 10-K filed Feb 20, 2009.

Restricted Stock Awards and Restricted Stock Units

The fair value of nonvested shares of the Company’s common stock is determined based on the average trading price of the Company’s common stock on the grant date.

Restricted share activities were as follows:

 

Shares in Thousands   Number of Shares     Weighted-Average
Grant-Date Fair Value

Nonvested shares at January 1, 2006

  4,162     $ 27.36

Granted

  4,295       23.45

Vested

  (645 )     32.48

Forfeited

  (921 )     26.64
       

Nonvested shares at December 31, 2006

  6,891       24.58

Granted

  3,584       27.14

Vested

  (1,360 )     25.51

Forfeited

  (892 )     25.13
       

Nonvested shares at December 31, 2007

  8,223       25.48

Granted

  5,468       22.22

Vested

  (3,310 )     25.37

Forfeited

  (1,650 )     24.22
       

Nonvested shares at December 31, 2008

  8,731       23.73
       

Expected to vest

  8,270       23.73

At December 31, 2008, there was $153 million of total unrecognized compensation cost related to nonvested restricted stock and that cost is expected to be recognized over a weighted-average period of 2.6 years. The total fair value of nonvested shares and share units granted that was recognized as compensation expense was $82 million in 2008, $53 million in 2007 and $34 million in 2006. The total fair value of shares and share units that vested in 2008 was $84 million.

Restricted Stock Awards and Restricted Stock Units

ALIGN="justify">The fair value of nonvested shares of the Company’s common stock is determined based on the average trading price of the Company’s common stock on the grant date.

STYLE="margin-top:12px;margin-bottom:0px">Restricted share activities were as follows:

 







































































































































































Shares in Thousands Number of Shares  Weighted-Average
Grant-Date Fair Value

Nonvested shares at January 1, 2006

 4,162  $27.36

Granted

 4,295   23.45

Vested

 (645)  32.48

Forfeited

 (921)  26.64
    

Nonvested shares at December 31, 2006

 6,891   24.58

Granted

 3,584   27.14

Vested

 (1,360)  25.51

Forfeited

 (892)  25.13
    

Nonvested shares at December 31, 2007

 8,223   25.48

Granted

 5,468   22.22

Vested

 (3,310)  25.37

Forfeited

 (1,650)  24.22
    

Nonvested shares at December 31, 2008

 8,731   23.73
    

Expected to vest

 8,270   23.73

At December 31, 2008, there was $153 million of total unrecognized compensation cost related
to nonvested restricted stock and that cost is expected to be recognized over a weighted-average period of 2.6 years. The total fair value of nonvested shares and share units granted that was recognized as compensation expense was $82 million in
2008, $53 million in 2007 and $34 million in 2006. The total fair value of shares and share units that vested in 2008 was $84 million.

This excerpt taken from the BMY 10-K filed Feb 22, 2008.

Restricted Stock Awards and Restricted Stock Units

The fair value of nonvested shares of the Company’s common stock is determined based on the average trading price of the Company’s common stock on the grant date.

Restricted share activities were as follows:

 

Shares in Thousands    Number of Shares     Weighted-Average
Grant-Date Fair Value

Nonvested shares at January 1, 2005

   2,945     $ 31.12

Granted

   1,786       24.61

Vested

   (375 )     38.56

Forfeited

   (194 )     31.37
        

Nonvested shares at December 31, 2005

   4,162       27.36

Granted

   4,295       23.45

Vested

   (645 )     32.48

Forfeited

   (921 )     26.64
        

Nonvested shares at December 31, 2006

   6,891       24.58

Granted

   3,584       27.14

Vested

   (1,360 )     25.51

Forfeited

   (892 )     25.13
        

Nonvested shares at December 31, 2007

   8,223       25.48
        

Expected to vest

   7,772       25.48

As of December 31, 2007 and 2006, there was $145 million and $126 million, respectively, of total unrecognized compensation cost related to nonvested restricted stock and restricted stock units. That cost is expected to be recognized over a weighted-average period of 2.6 years for the balance at December 31, 2007 and 2.75 years for the balance at December 31, 2006. The total cost of non-vested shares and share units granted that was recognized as compensation expense during the twelve months ended December 31, 2007, 2006 and 2005 was $53 million, $34 million and $27 million, respectively. The total fair value of shares and share units that vested during the 12 months ended December 31, 2007, 2006 and 2005 was $35 million, $21 million and $14 million, respectively.

"Restricted Stock Awards and Restricted Stock Units" elsewhere:

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