To the extent the stock option is exercised and the exercise price is less than the fair market value of the share at the time of exercise, the employee realizes an employment benefit. (ropergreyell.com)
Upon exercise, the participant will recognize ordinary income in an amount equal to the fair market value of any Shares received. (sec.gov)
The investor will own the same number of shares that he purchased, but the per - share value will change with the current market value of the shares. (sapling.com)