Business, 06.05.2021 23:40 electronia

Microsoft provides compensation to executives in the form of a variety of incentive compensation plans, including restricted stock award grants. The following is an excerpt from a disclosure note from Microsoft's 2017 annual report: Note 20 Employee Stock and Savings Plans (in part) Stock awards are grants that entitle the holder to shares of common stock as the award vests. Our stock awards generally vest over a five-year period. . . . During fiscal year 2017, the following activity occurred under our plans: Shares ($ in millions) Weighted Average Grant-Date Fair Value Stock awards: Nonvested balance, beginning of year 194 $ 36.92 Granted 84 55.64 Assumed in acquisitions 23 59.09 Vested (80 ) 37.36 Forfeited (20 ) 43.71 Nonvested balance, end of year 201 $ 46.32 Required: If all awards are granted, acquired, vested, and forfeited evenly throughout the year, what is the compensation expense in fiscal 2017 pertaining to the previous and current stock awards

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