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Pastner Brands is a calendar - year firm with operations in several countries. As part of its executive compensation plan, at January 1 , 2

Pastner Brands is a calendar-year firm with operations in several countries. As part of its executive compensation plan, at January 1,2024, the company issued 292,000 executive stock options permitting executives to buy 292,000 shares of Pastner stock for $37 per share. One-fourth of the options vest in each of the next four years beglinning at December 31,2024(graded vesting). Pastner elects to separate the total award into four groups (or tranches) according to the year in which they vest and measures the compensation cost for each vesting date as a separate award. The fair value of each tranche is estimated at January 1,2024, as follows:
\table[[Vesting Date,\table[[Amount],[Vesting]],\table[[Fair Value per],[Option]]],[December 31,2024,25%,$4.00
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