Second Link Services granted restricted stock units (RSUs) representing 11 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 $22 per share on the grant date. 1. Ignoring taxes, what is the total compensation cost pertaining to the restricted stock units? (Enter your answer in millions (i. e., 10,000,000 should be entered as 10).) 2. Ignoring taxes, what is the effect on earnings in the year after the RSUs are granted to executives? (Enter your answer in millions rounded to 1 decimal place (i. e., 5,500,000 should be entered as 5.5).)
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Second Link Services granted restricted stock units (RSUs) representing 11 million of its $1 par common shares to executives, subject to ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Second Link Services granted restricted stock units (RSUs) representing 11 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years.