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UNH » Topics » Restricted Shares

This excerpt taken from the UNH 10-Q filed May 7, 2009.

Restricted Shares

Restricted shares generally vest ratably over two to five years. Compensation expense related to restricted shares is determined based upon the fair value of each award on the date of grant. Restricted share activity for the three months ended March 31, 2009 is summarized in the table below:

 

(shares in thousands)

    Shares     Weighted-
Average Grant
Date Fair Value

Nonvested at Beginning of Period

    6,282     $ 36

Granted

    6,268       29

Vested

    (276 )     34

Forfeited

    (205 )     36
            

Nonvested at End of Period

    12,069     $ 32
            

The weighted-average grant date fair value of restricted shares granted during the three months ended March 31, 2009 and 2008 was approximately $29 per share and $48 per share, respectively. The total fair value of restricted shares vested during the three months ended March 31, 2009 and 2008 was $9 million and $4 million, respectively.

This excerpt taken from the UNH 10-K filed Feb 11, 2009.

Restricted Shares

Restricted shares generally vest ratably over two to five years. Compensation expense related to restricted shares is determined based upon the fair value of each award on the date of grant. Restricted share activity for year ended December 31, 2008 is summarized in the table below:

 

(shares in thousands)

    Shares     Weighted-
Average Grant
Date Fair Value

Nonvested at Beginning of Period

    738     $ 59

Granted

    6,024       34

Vested

    (311 )     55

Forfeited

    (169 )     41
            

Nonvested at End of Period

    6,282     $ 36
            

 

80

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UNITEDHEALTH GROUP

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

The weighted-average grant date fair value of restricted shares granted for 2008, 2007 and 2006 was $34 per share, $51 per share and $56 per share, respectively. The total fair value of restricted shares vested during 2008, 2007 and 2006 was $17 million, $35 million and $35 million, respectively.

This excerpt taken from the UNH 10-Q filed Nov 7, 2008.

Restricted Shares

Restricted shares generally vest ratably over two to five years. Compensation expense related to restricted shares is determined based upon the fair value of each award on the date of grant. Restricted share activity for the nine months ended September 30, 2008 is summarized in the table below:

 

(shares in thousands)

    Shares     Weighted-
Average
Grant Date
Fair Value

Nonvested at Beginning of Period

    738     $ 59

Granted

    5,903       35

Vested

    (120 )     43

Forfeited

    (82 )     42
            

Nonvested at End of Period

    6,439     $ 37
            

The total fair value of restricted shares vested during the three and nine months ended September 30, 2008 was $1 million and $5 million, respectively.

This excerpt taken from the UNH 10-Q filed Aug 7, 2008.

Restricted Shares

Restricted shares generally vest ratably over two to five years. Compensation expense related to restricted shares is determined based upon the fair value of each award on the date of grant. Restricted share activity for the three and six months ended June 30, 2008 is summarized in the table below:

 

     Three Months Ended
June 30, 2008		    Six Months Ended
June 30, 2008

(shares in thousands)

    Shares     Weighted-Average
Grant-Date Fair
Value		    Shares     Weighted-Average
Grant-Date Fair
Value

Outstanding at Beginning of Period

    995     $ 55    738     $ 59

Granted

    5,583       34    5,920       35

Vested

    (17 )     54    (97 )     41

Forfeited

    (2 )     61    (2 )     61
                         

Outstanding at End of Period

    6,559     $ 48    6,559     $ 48
                         

The total fair value of restricted shares vested during the three and six months ended June 30, 2008 was $0.9 million and $4.0 million, respectively. The total fair value of restricted shares vested during the three and six months ended June 30, 2007 was $0.1 million and $3.1 million, respectively.

This excerpt taken from the UNH 10-Q filed May 2, 2008.

Restricted Shares

Restricted share awards generally vest ratably over two to five years. Compensation expense related to restricted share awards is determined based upon the fair value of each award on the date of grant. Restricted share award activity for the three months ended March 31, 2008 is summarized in the table below:

 

(shares in millions)

    Shares     Weighted-
Average
Grant Date
Fair Value

Outstanding at Beginning of Period

    0.7     $ 59

Granted

    0.4     $ 48

Vested

    (0.1 )   $ 58

Forfeited

    —       $     —  
            

Outstanding at End of Period

    1.0     $ 55
            

The total fair value of restricted shares vested during the three months ended March 31, 2008 and 2007, was $4 million and $3 million, respectively.

 

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UNITEDHEALTH GROUP

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 

This excerpt taken from the UNH 10-K filed Feb 21, 2008.

Restricted Shares

Restricted stock awards generally vest ratably over two to five years. Compensation expense related to restricted stock awards is determined based upon the fair value of each award on the date of grant. Restricted stock award activity for the year ending December 31, 2007 is summarized in the table below:

 

(shares in millions)

    Shares      Weighted-
Average
Grant Date
Fair Value

Outstanding at Beginning of Year

    1.3      $         59

Granted

    0.1      $ 51

Vested

    (0.6 )    $ 61

Forfeited

    (0.1 )    $ 37
             

Outstanding at End of Year

    0.7      $ 59
             

The total fair value of restricted shares vested during 2007, 2006 and 2005 was $35 million, $35 million and $5 million, respectively.

EXCERPTS ON THIS PAGE:

10-Q
May 7, 2009
10-K
Feb 11, 2009
10-Q
Nov 7, 2008
10-Q
Aug 7, 2008
10-Q
May 2, 2008
10-K
Feb 21, 2008

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