Lance Chips granted restricted stock units (RSUs) representing 40 million of its $1 par common shares to executives, sub...
Lance Chips granted restricted stock units (RSUs) representing 40 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $5 per share on the grant date. The total compensation cost pertaining to the restricted stock units is:
Multiple Choice
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$50 million.
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$5 million.
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$200 million.
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$40 million.
Homework Answers
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Total compensation cost pertaining to the restricted stock units = RUSs granted * market price per share = 40 million * 5 = 200 million Option C is the answer |
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Lance Chips granted restricted stock units (RSUs) representing 40 million of its $1 par common shares to executives, sub...
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