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 268,000 executive stock options permitting executives to buy 268,000 shares of Pastner stock for $43 per share. One-fourth of the options vest in each of the next four years beginning 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:

Vesting Date	Amount Vesting	Fair Value per Option
December 31, 2024	25%	$ 4.00
December 31, 2025	25%	$ 5.00
December 31, 2026	25%	$ 6.00
December 31, 2027	25%	$ 7.00

Assume Pastner prepares its financial statements using International Financial Reporting Standards (IFRS).

Required:

Determine the compensation expense related to the options to be recorded each year 20242027, assuming Pastner prepares its financial statements using International Financial Reporting Standards (IFRS)