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MRO » Topics » Restricted Stock Awards

These excerpts taken from the MRO 10-K filed Feb 27, 2009.

Restricted Stock Awards

The following is a summary of restricted stock award activity.

 

      Awards     Weighted-
Average
Grant Date
Fair Value

Unvested at December 31, 2007

    1,527,831     $ 39.87

Granted

    1,510,378       46.85

Vested

    (851,545 )     32.77

Forfeited

    (137,409 )     43.52
        

Unvested at December 31, 2008

    2,049,255       47.72

The vesting date fair value of restricted stock awards which vested during 2008, 2007 and 2006 was $38 million, $29 million and $32 million.

As of December 31, 2008, there was $75 million of unrecognized compensation cost related to restricted stock awards which is expected to be recognized over a weighted average period of 2.1 years.

 

114

Table of Contents
Index to Financial Statements

MARATHON OIL CORPORATION

Notes to Consolidated Financial Statements

 

Restricted Stock Awards

The following is a summary of restricted stock award activity.

 

      Awards     Weighted-
Average
Grant Date
Fair Value

Unvested at December 31, 2007

    1,527,831     $ 39.87

Granted

    1,510,378       46.85

Vested

    (851,545 )     32.77

Forfeited

    (137,409 )     43.52
        

Unvested at December 31, 2008

    2,049,255       47.72

The vesting date fair value of restricted stock awards which vested during 2008, 2007 and 2006 was $38 million, $29 million and $32 million.

As of December 31, 2008, there was $75 million of unrecognized compensation cost related to restricted stock awards which is expected to be recognized over a weighted average period of 2.1 years.

 

114

Table of Contents
Index to Financial Statements

MARATHON OIL CORPORATION

Notes to Consolidated Financial Statements

 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009

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