Question
BigTech, Inc. included the following disclosure note in an annual report: Share-Based Compensation (in part) . . . compensation expense related to these grants is
BigTech, Inc. included the following disclosure note in an annual report: Share-Based Compensation (in part) . . . compensation expense related to these grants is based on the grant date fair value of the RSUs and is recognized on a straight-line basis over the applicable service period. The following table summarizes the activities for our unvested RSUs for the year ended December 31, 2017: Number of Shares (in thousands) Weighted Average Grant Date Fair Value Unvested at December 31, 2016 116,444 $ 21.72 Granted 55,059 34.00 Vested (49,250 ) 17.30 Forfeited (16,567 ) 25.65 Unvested at December 31, 2017 105,686 $ 29.00 Required:
1. Assuming a four-year vesting period, how much compensation expense did BigTech report in the year ended December 31, 2018, for the restricted stock units granted during the year ended December 31, 2017?
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