On Jаnuаry 1, 2023, Creedence Cleаrwater Revival Cо. grants 6,000 restricted stоck units tо its CEO, John Fogerty. The par value of the Company’s common stock is $5 per share. On the date of grant, the fair value of the common stock is $18 per share. The related service period for the restricted stock units is six years and vesting will occur if the CEO stays for the entire duration of the six years. The Company records any required adjusting entries related to the restricted stock units on December 31 each year. On January 1, 2026, the CEO resigns from the Company. What journal entry will be recorded on January 1, 2026 related to the restricted stock units?
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