|
Stock-Based Compensation (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Schedule of Restricted and Performance Stock Unit Activity |
The following table
summarizes Verizon’s Restricted Stock Unit and Performance
Stock Unit activity:
|
|
|
|
|
|
|
|
|
|
(shares in
thousands) |
|
Restricted Stock
Units |
|
|
Performance Stock
Units |
|
|
Outstanding January 1,
2011
|
|
|
20,923 |
|
|
|
32,380 |
|
|
Granted
|
|
|
6,667 |
|
|
|
10,348 |
|
|
Payments
|
|
|
(7,600 |
) |
|
|
(12,137 |
) |
|
Cancelled/Forfeited
|
|
|
(154 |
) |
|
|
(2,977 |
) |
|
|
|
|
|
|
Outstanding
December 31, 2011
|
|
|
19,836 |
|
|
|
27,614 |
|
|
Granted
|
|
|
6,350 |
|
|
|
20,537 |
|
|
Payments
|
|
|
(7,369 |
) |
|
|
(8,499 |
) |
|
Cancelled/Forfeited
|
|
|
(148 |
) |
|
|
(189 |
) |
|
|
|
|
|
|
Outstanding
December 31, 2012
|
|
|
18,669 |
|
|
|
39,463 |
|
|
Granted
|
|
|
4,950 |
|
|
|
7,470 |
|
|
Payments
|
|
|
(7,246 |
) |
|
|
(22,703 |
) |
|
Cancelled/Forfeited
|
|
|
(180 |
) |
|
|
(506 |
) |
|
|
|
|
|
|
Outstanding
December 31, 2013
|
|
|
16,193 |
|
|
|
23,724 |
|
|
|
|
|
|
|
| Schedule of Assumptions Used in Black-Scholes Model |
The following table
summarizes the assumptions used in the Black-Scholes model during
2013:
|
|
|
|
|
|
|
|
End of Period |
|
|
Risk-free rate
|
|
|
0.11% |
|
|
Expected term (in
years)
|
|
|
0.12 |
|
|
Expected
volatility
|
|
|
43.27% |
|
|
| Schedule of Value Appreciation Rights Activity |
The following table
summarizes the Value Appreciation Rights activity:
|
|
|
|
|
|
|
|
|
|
(shares in
thousands) |
|
VARs |
|
|
Weighted-
Average
Grant-Date
Fair Value |
|
|
Outstanding rights,
January 1, 2011
|
|
|
11,569 |
|
|
$ |
13.11 |
|
|
Exercised
|
|
|
(3,303 |
) |
|
|
14.87 |
|
|
Cancelled/Forfeited
|
|
|
(52 |
) |
|
|
14.74 |
|
|
|
|
|
|
|
|
|
|
|
Outstanding rights,
December 31, 2011
|
|
|
8,214 |
|
|
|
12.39 |
|
|
Exercised
|
|
|
(3,427 |
) |
|
|
10.30 |
|
|
Cancelled/Forfeited
|
|
|
(21 |
) |
|
|
11.10 |
|
|
|
|
|
|
|
|
|
|
|
Outstanding rights,
December 31, 2012
|
|
|
4,766 |
|
|
|
13.89 |
|
|
Exercised
|
|
|
(1,916 |
) |
|
|
13.89 |
|
|
Cancelled/Forfeited
|
|
|
(3 |
) |
|
|
13.89 |
|
|
|
|
|
|
|
|
|
|
|
Outstanding rights,
December 31, 2013
|
|
|
2,847 |
|
|
|
13.89 |
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Stock Option Activity |
The following table
summarizes Verizon’s stock option activity:
|
|
|
|
|
|
|
|
|
|
(shares in
thousands) |
|
Stock Options |
|
|
Weighted-
Average
Exercise
Price |
|
|
Outstanding,
January 1, 2011
|
|
|
56,844 |
|
|
$ |
44.25 |
|
|
Exercised
|
|
|
(7,104 |
) |
|
|
35.00 |
|
|
Cancelled/Forfeited
|
|
|
(21,921 |
) |
|
|
51.06 |
|
|
|
|
|
|
|
|
|
|
|
Outstanding,
December 31, 2011
|
|
|
27,819 |
|
|
|
41.24 |
|
|
Exercised
|
|
|
(7,447 |
) |
|
|
35.20 |
|
|
Cancelled/Forfeited
|
|
|
(17,054 |
) |
|
|
45.15 |
|
|
|
|
|
|
|
|
|
|
|
Outstanding,
December 31, 2012
|
|
|
3,318 |
|
|
|
34.69 |
|
|
Exercised
|
|
|
(2,253 |
) |
|
|
34.85 |
|
|
Cancelled/Forfeited
|
|
|
(82 |
) |
|
|
34.49 |
|
|
|
|
|
|
|
|
|
|
|
Outstanding,
December 31, 2013
|
|
|
983 |
|
|
|
34.35 |
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Stock Option Outstanding |
The following table
summarizes information about Verizon’s stock options
outstanding as of December 31, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Range of
Exercise Prices |
|
Stock Options
(in thousands) |
|
|
Weighted-Average
Remaining Life
(years) |
|
|
Weighted-Average
Exercise Price |
|
|
$30.00-39.99
|
|
|
969 |
|
|
|
0.1 |
|
|
$ |
34.18 |
|
|
40.00-49.99
|
|
|
14 |
|
|
|
0.1 |
|
|
|
46.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
983 |
|
|
|
0.1 |
|
|
|
34.35 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|