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Tom recently received 2,010 shares of restricted stock from his employer, Independence Corporation, when the share price was $11 per share. Tom's restricted shares vested
Tom recently received 2,010 shares of restricted stock from his employer, Independence Corporation, when the share price was $11 per share. Tom's restricted shares vested three years later when the market price was $15. Tom held the shares for a little more than a year and sold them when the market price was $13. What is the amount of Tom's income or loss on the sale? Multiple Choice $0. $2,010 loss. $4,020 gain. $4,020 loss
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