Question
PSU, and RSU plans The Board of Directors of the Corporation approved a PSU and a RSU plan under which PSUs may be granted to
PSU, and RSU plans
The Board of Directors of the Corporation approved a PSU and a RSU plan under which PSUs may be granted to executives and RSUs are available to all employees. The PSUs and the RSUs grant recipients on July 2nd the right to purchase a certain number of the Corporations Class B Shares. The RSUs gives employees the option to purchase to purchase shares common shares for a weighted-average option price of $1.50, the cost of employees to purchase each option is $0.10. The Board of Directors of the Corporation has also approved a DSU plan under which DSUs may be granted to senior officers. The DSU plan is similar to the PSU plan in that the option is price is $1.50, except that their exercise can only occur upon retirement or termination of employment. The average number of years to retirement for those granted this option is 15 years.
Number of Option | PSU | RSU |
Beginning Balance | 15,627,217 | 22,332,682 |
Granted | 31,233,004 | 1,659,631 |
Exercised | (65,790) | (0) |
Ending Balance | 46,794,431 | 23,992,313 |
- Describe the accounting for the PSU and RSU stock option plans.
Write any journal entries for Bombardier that you deem necessary
PSU, and RSU plans
The Board of Directors of the Corporation approved a PSU and a RSU plan under which PSUs may be granted to executives and RSUs are available to all employees. The PSUs and the RSUs grant recipients on July 2nd the right to purchase a certain number of the Corporations Class B Shares. The RSUs gives employees the option to purchase to purchase shares common shares for a weighted-average option price of $1.50, the cost of employees to purchase each option is $0.10. The Board of Directors of the Corporation has also approved a DSU plan under which DSUs may be granted to senior officers. The DSU plan is similar to the PSU plan in that the option is price is $1.50, except that their exercise can only occur upon retirement or termination of employment. The average number of years to retirement for those granted this option is 15 years.
Number of Option | PSU | RSU |
Beginning Balance | 15,627,217 | 22,332,682 |
Granted | 31,233,004 | 1,659,631 |
Exercised | (65,790) | (0) |
Ending Balance | 46,794,431 | 23,992,313 |
- Describe the accounting for the PSU and RSU stock option plans.
Write any journal entries for Bombardier that you deem necessary
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