On January 2, 2016, Brust Corporation grants its new CFO 2,000 restricted share units. Each of the time-vested restricted share units entitles the CFO to receive one share of Brust common stock if she remains an employee of the company for 4 years. On January 2, 2016, shares of Brust’s $1 par value common arc trading at $29.50 per share. The company estimates that the CFO will complete all 4 years of required service with the company. Pre-pare the journal that Brust should make each year to account for the restricted share units.
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