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This excerpt taken from the WYN 10-Q filed May 7, 2009. Stock-Based
Compensation Expense
The Company recorded stock-based compensation expense of
$8 million and $7 million during the three months
ended March 31, 2009 and 2008, respectively, related to the
incentive equity awards granted by the Company. The Company
recognized $3 million of tax benefit for stock-based
compensation arrangements on the Consolidated Statements of
Income during both the three months ended March 31, 2009
and 2008.
This excerpt taken from the WYN 10-K filed Feb 27, 2009. Stock-Based
Compensation Expense
The Company recorded stock-based compensation expense of
$35 million, $26 million and $13 million during
2008, 2007 and 2006 (from the date of Separation through
December 31, 2006), respectively, related to the incentive
equity awards granted by the Company. During 2008, 2007 and 2006
(from the date of Separation through December 31, 2006),
the Company recognized $14 million of tax benefit,
$10 million of tax benefit and $2 million of tax
expense, respectively, for share based compensation arrangements
on the Consolidated and Combined Statements of Operations.
During 2006 (through the date of Separation), Cendant allocated
pre-tax stock-based compensation expense of $12 million to
the Company. Such compensation expense relates only to the
options and RSUs that were granted to Cendant’s employees
subsequent to January 1, 2003. The total income tax benefit
recognized in the Combined Statement of Operations for share
based compensation arrangements was $5 million during 2006
(through the date of Separation). The allocation was based on
the estimated number of options and RSUs Cendant believed it
would ultimately provide and the underlying vesting period of
the awards. As Cendant measured its stock-based compensation
expense using intrinsic value method during the periods prior to
January 1, 2003, Cendant did not recognize compensation
expense upon the issuance of equity awards to its employees.
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