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Jackson Corp. granted restricted stock units (RSUS) representing 64 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated
Jackson Corp. granted restricted stock units (RSUS) representing 64 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 $9 per share on the grant date. Ignoring taxes, what is the effect on earnings (compensation expense) in the year after the shares are granted to executives? Multiple Choice $64 million. $576 million. $144 million. O O $0
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