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Stevie recently received 1,090 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested
Stevie recently received 1,090 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested three years later when the market price was $11. Stevie held the shares for a little more than three years and sold them when the market price was $16. Assuming Stevie made an 83(b) election, what is the amount of Stevie's ordinary income with respect to the restricted stock?
$8,720
$0
$5,450
$11,990
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