Bryan was granted 1,000 shares of restricted stock from his employer when the share price was $7. The shares vested 2 years later when the market price was $12. Bryan held the shares for 2 years and sold them when the market price was $16. He does not make the 83(b) Election.

1. What is Bryan income/loss on the vesting date?

2. What is Bryan gain/loss on the sale date?