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Nike granted restricted stock units (RSUS) representing 10 million of its $1 par common shares to executives, with a vesting period of three years.
Nike granted restricted stock units (RSUS) representing 10 million of its $1 par common shares to executives, with a vesting period of three 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 in the current year after the shares are granted to executives? "Stock price as of year-end is $12 per share. 50 $30 million $80 million $120 million
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