The company adopted a stock based incentive compensation plan, effective January 01, 2017. Under the plan, the President/CEO was granted 30,000 share options on FGH, Inc.'s common stock. The EVP Operations and the CFO each received 20,000 share options. The options strike price is $50 per share. The company uses the US Treasury yield on the 10-year Treasury Bill as an approximation of the risk free rate. Historically, the standard deviation of the returns on the company's stock has been about $5.92. These options vest ratably per year over a three year period. journal entry needed?