Wilier Corp. granted 1,000 options to its top executives on January 1, year 1. The options vest in 5 years and expire in 10 years. On the grant date, the options had a fair value of $5 each, and the stock price of Wilier was trading at $35. The options' exercise price was $36. How much compensation expense should Wilier recognize related to these executive stock options for the year ended December 31, year 1?

A. $35,000

B. $1,000

C. $5,000

D. $0