Normal Glidden Inc. ("Normal Glidden" or "the Company"), an SEC registrant, is a fashion retailer that sells men's and women's clothing and accessories. As an incenve to its employees, the Company established a compensaon incenve plan in which a total of 100,000 opons were granted on January 1, 20X0. On that date (the grant date), Normal Glidden's stock price was $15.00 per share