Trafford Company is a calendar-year U.S. firm with operations in several countries. At January 1, 2024, the company had issued 116,000 executive stock options permitting executives to buy 116,000 shares of stock for $25. The vesting schedule is 20% the first year, 30% the second year, and 50% the third year (graded-vesting). Trafford does not choose to account for the options on a straight-line basis. The fair value of the options is estimated as follows:

Vesting Date	Amount Vesting	Fair Value per Option
December 31, 2024	20%	$ 5
December 31, 2025	30%	$ 10
December 31, 2026	50%	$ 15

What is the compensation expense related to the options to be recorded in 2025?