As part of its stock-based compensation package, on January 1, 2018, Weldon Well Supplies granted restricted...

As part of its stock-based compensation package, on January 1, 2018, Weldon Well Supplies granted restricted stock units (RSUs) representing 100,000 $1 par common shares. At exercise, holders of the RSUs are entitled to receive cash or stock equal in value to the market price of those shares at exercise. The RSUs cannot be exercised until the end of 2021 (vesting date) and expire at the end of 2023. The $1 par common shares have a market price of $5.9 per share on the grant date. The fair value at December 31, 2018, 2019, 2020, 2021, and 2022, is $15.8, $11.8, $15.8, $9.8, and $11.8, respectively. All recipients are expected to remain employed through the vesting date. The RSUs are exercised on June 6, 2023, when the share price is $12.8, and executives choose to receive cash.

Required:
1. to 4. Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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ekkarill92 answered 2 years ago

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