The table below outlines the compensation for Wyatt, who was appointed as the Chief Executive Officer (CEO) of Alpha Corporation, a publicly-traded company in the energy sector, effective January 1, 2022. Determine the deductible portion of Wyatt's compensation on Alpha Corporation's 2023 corporate income tax return.

Component	Amount ($)
Base Salary	2,000,000
Performance Bonus	400,000
Stock Grants	10,000

Wyatt's employment agreement stipulates that his bonus is contingent upon achieving specific company-wide performance objectives. The stock grants vest over a four-year period, with 25% vesting annually beginning on the grant date.