fully vested incentive stock options exercisable at $50 per share to obtain 24,000 shares is equal 4000 shares.
Given:
Exercisable price per share = $50
Number of shares of common stocks to be obtained = 24,000
Average market price of the common share = $60
Ending market price per share = $60
Total Amount for the shares = Number of shares × Price per share
or
Total Amount for the shares = 24,000 × $50 = $1,200,000
Thus,
number of shares purchased = 1200000/60
or
The number of shares purchased = 20000
Hence,
Increased weighted-average number of shares
= Shares to be obtained - Actual number of shares purchased
or
= 24000 - 20000 = 4000 shares
Learn more about market price https://brainly.com/question/24877850
#SPJ4
