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1 2.5 points Real World Case 19-1 (Static) Restricted stock awards; disclosure note; Microsoft [LO19-1] Microsoft provides compensation to executives in the form of a
1 2.5 points Real World Case 19-1 (Static) Restricted stock awards; disclosure note; Microsoft [LO19-1] Microsoft provides compensation to executives in the form of a variety of incentive compensation plans, including restricted stock award grants. The following is an excerpt from a disclosure note from Microsoft's 2020 annual report: Note 18 Employee Stock and Savings Plans (in part) Stock awards entitle the holder to receive shares of Microsoft common stock as the award vests. Stock awards generally vest over a five-year period.... During fiscal year 2020, the following activity occurred under our plans: Nonvested balance, beginning of year Stock awards: Granted Vested Forfeited Nonvested balance, end of year Shares (in millions) 147 53 (65) (9) 126 Weighted Average Grant-Date Fair Value $ 78.49 140.49 75.35 90.30 $ 105.23 Required: If all awards are granted, acquired, vested, and forfeited evenly throughout the year, what is the compensation expense in fiscal 2020 pertaining to the previous and current stock awards? Assume forfeited shares were granted evenly throughout the three previous years. Note: Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,500 should be entered as 5.5). > Answer is complete but not entirely correct. Compensation expense in fiscal 2020 $ 5,827.6 x
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