Noogle Inc. issues Restricted Stock Units (RSUs) to the majority of their employees. On January...
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Noogle Inc. issues Restricted Stock Units (RSUs) to the majority of their employees. On January 1, 2021 Noogle issued 2 million RSU's to employees and at the time the current market price of the shares was $15 per share, although by the end of the year, the stock price had fallen to $12 per share. The shares are subject to forfeiture if employees leave the company within 3 years, and Noogle estimates a forfeiture rate of 10%.
How much compensation expense should Noogle record for 2021 in connection with these RSUs.
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