An equity-settled plan of Brisa SA includes a net settlement clause: at vesting, the value of the shares due to an executive is 200,000 and Brisa withholds, to pay the executive's tax to the tax authority, shares representing 40 % of that value (withholding rate set by tax law: case data). Compute the amount withheld and the value of the shares delivered to the executive. The 2016 amendment applies to annual periods beginning on or after 1 January 2018.
- Value of the shares due to the executive at vesting (case data)
- 200,000
- Tax withholding rate (case data, tax law)
- 40 %