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On January 1, 2020, Roarie Co. granted 40 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within
On January 1, 2020, Roarie Co. granted 40 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. The common shares have a market price of $11 per share on the grant date. Roarie Co. expected a 5% forfeiture rate on the restricted shares prior to vesting. Ignoring taxes, what is the compensation expense in 2020 for the shares granted to executives? $104.5 million $40 million $110 million O $162 million
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