Oscar was hired as the Chief Executive Officer (CEO) of Nu Corporation, a publicly-traded company in the telecommunications sector, on February 1, 2022. For the fiscal year 2023, Nu Corporation compensated Oscar as follows:

• Base Salary: $2,500,000
• Performance Bonus: $600,000
• Stock Grants: Received 15,000 shares of restricted stock with a fair market value of $70 per share at the time of grant.

Oscar's employment agreement outlines that his bonus is contingent upon achieving specific company-wide performance objectives. The restricted stock vests over a four-year period, with 25% vesting annually beginning on the grant date.

Calculate the deductible portion of Oscar's compensation on Nu Corporation's 2023 corporate income tax return.