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Share Based Compensation (Tables) | 12 Months Ended
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Sep. 30, 2020
Share-based Payment Arrangement [Abstract] |
Schedule of Share-Based Payment Awards | The following is a summary of the authorized and available shares per the respective plans:
(number of shares, in millions) |  | Authorized |  | Available
HRG Group 2011 Omnibus Equity Award Plans |  | 2.7 |  |  | 0.8 |
Harbinger Group, Inc. 2014 Warrant Plan |  | 3.0 |  |  | — |
Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Awards Plan |  | 7.1 |  |  | 0.2 |
Spectrum Brands Holdings, Inc. 2020 Omnibus Equity Plan |  | 1.2 |  |  | 1.2 |
The following is a summary of HRG stock option awards, warrants, and restricted stock awards during the years ended September 30, 2020, 2019, and 2018:
|  | Stock Options |  | Warrants |  | Restricted Stock Awards
(in millions, except per share data) |  | Options |  | Weighted Average Exercise Price |  | Weighted Average Grant Date Fair Value |  | Units |  | Weighted Average Exercise Price |  | Weighted Average Grant Date Fair Value |  | Units |  | Weighted Average Exercise Price |  | Fair Value at Grant Date
As of September 30, 2017 |  | 4.0 |  |  | $ | 9.69 |  |  | $ | 3.88 |  |  | 0.6 |  |  | $ | 13.13 |  |  | $ | 3.22 |  |  | 0.1 |  |  | $ | 13.36 |  |  | $ | 1.9 |
Granted |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.1 |  |  | 16.85 |  |  | 0.4 |
Exercised |  | (2.5) |  |  | 8.38 |  |  | 3.33 |  |  | (0.6) |  |  | 13.13 |  |  | 3.22 |  |  | (0.2) |  |  | 13.85 |  |  | 2.3 |
As of As of As of July 13, 2018 |  | 1.5 |  |  | $ | 11.80 |  |  | $ | 4.78 |  |  | — |  |  | $ | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | $ | — |
Vested and exercisable at September 30, 2020 |  | 0.2 |  |  | $ | 73.96 |  |  | $ | 4.82 |  |  |  |  |  |  |  |  |  |  |  |  |
Schedule of Share Based Compensation Expense | The following is a summary of the share based compensation expense for the years ended September 30, 2020, 2019 and 2018:
(in millions) |  | 2020 |  | 2019 |  | 2018
SBH |  | $ | 37.7 |  |  | $ | 49.2 |  |  | $ | 11.9 |
SB/RH |  | $ | 36.4 |  |  | $ | 47.6 |  |  | $ | 8.8 |
Schedule of RSU Activity | The following is a summary of the RSU activity for the years ended September 30, 2020, 2019 and 2018:
|  | SBH |  | SB/RH
(in millions, except per share data) |  | Shares |  | Weighted Average Grant Date Fair Value |  | Fair Value at Grant Date |  | Shares |  | Weighted Average Grant Date Fair Value |  | Fair Value at Grant Date
At September 30, 2017 |  | 0.8 |  |  | $ | 114.67 |  |  | $ | 87.2 |  |  | 0.7 |  |  | $ | 116.32 |  |  | $ | 82.4 |
Granted |  | 0.4 |  |  | 102.96 |  |  | 45.9 |  |  | 0.4 |  |  | 102.92 |  |  | 44.4 |
Forfeited |  | (0.1) |  |  | 115.08 |  |  | (8.5) |  |  | (0.1) |  |  | 115.08 |  |  | (8.5) |
Vested |  | (0.5) |  |  | 113.07 |  |  | (55.6) |  |  | (0.4) |  |  | 114.07 |  |  | (51.1) |
At September 30, 2018 |  | 0.6 |  |  | 107.71 |  |  | 69.0 |  |  | 0.6 |  |  | 108.75 |  |  | 67.2 |
Granted |  | 1.5 |  |  | 53.11 |  |  | 81.4 |  |  | 1.5 |  |  | 52.82 |  |  | 79.8 |
Forfeited |  | (0.7) |  |  | 92.76 |  |  | (63.7) |  |  | (0.7) |  |  | 93.05 |  |  | (63.5) |
Vested |  | (0.2) |  |  | 83.47 |  |  | (19.7) |  |  | (0.2) |  |  | 82.37 |  |  | (18.5) |
At September 30, 2019 |  | 1.2 |  |  | 53.58 |  |  | 67.0 |  |  | 1.2 |  |  | 53.22 |  |  | 65.0 |
Granted |  | 0.9 |  |  | 61.72 |  |  | 55.6 |  |  | 0.9 |  |  | 61.68 |  |  | 54.3 |
Forfeited |  | (0.1) |  |  | 60.79 |  |  | (4.0) |  |  | (0.1) |  |  | 60.79 |  |  | (3.9) |
Vested |  | (0.6) |  |  | 57.80 |  |  | (39.3) |  |  | (0.6) |  |  | 57.29 |  |  | (37.7) |
At September 30, 2020 |  | 1.4 |  |  | $ | 56.41 |  |  | $ | 79.3 |  |  | 1.4 |  |  | $ | 56.33 |  |  | $ | 77.7 |
Schedule of Activity of RSUs Granted |
|  | SBH |  | SB/RH
(in millions, except per share data) |  | Units |  | Weighted Average Grant Date Fair Value |  | Fair Value at Grant Date |  | Units |  | Weighted Average Grant Date Fair Value |  | Fair Value at Grant Date
Time-based grants |  |  |  |  |  |  |  |  |  |  |  |
Vesting in less than 24 months |  | 0.3 |  |  | $ | 62.33 |  |  | $ | 18.6 |  |  | 0.3 |  |  | $ | 62.25 |  |  | $ | 17.3 |
Vesting in more than 24 months |  | 0.1 |  |  | 62.80 |  |  | 8.4 |  |  | 0.1 |  |  | 62.80 |  |  | 8.4 |
Total time-based grants |  | 0.4 |  |  | $ | 62.48 |  |  | $ | 27.0 |  |  | 0.4 |  |  | $ | 62.43 |  |  | $ | 25.7 |
Performance-based grants |  |  |  |  |  |  |  |  |  |  |  |
Vesting in less than 24 months |  | 0.1 |  |  | 53.19 |  |  | 4.8 |  |  | 0.1 |  |  | 53.19 |  |  | 4.8 |
Vesting in more than 24 months |  | 0.4 |  |  | 62.88 |  |  | 23.8 |  |  | 0.4 |  |  | 62.88 |  |  | 23.8 |
Total performance-based grants |  | 0.5 |  |  | $ | 61.03 |  |  | $ | 28.6 |  |  | 0.5 |  |  | $ | 61.03 |  |  | $ | 28.6 |
Total grants |  | 0.9 |  |  | $ | 61.72 |  |  | $ | 55.6 |  |  | 0.9 |  |  | $ | 61.68 |  |  | $ | 54.3 |

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