Review the case of Stellar Corporation:

• Executive Name: Oliver
• Position: Chief Executive Officer (CEO)
• Company Type: Privately-owned company in the energy sector
• Effective Date: February 1, 2022

Oliver's compensation for 2023 is detailed as follows:

• Base Salary: $2,600,000
• Performance Bonus: $500,000
• Stock Grants: 15,000

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