Misconception · MIS:grant-date-fair-value-is-a-shortcut

Mistaken idea “Board approval always establishes the grant date”

Mistaken reasoning: This mistake assumes that board approval always establishes the grant date.

Updated Sep 11, 2026 Review due Dec 11, 2026

Why this is mistaken

Board approval always establishes the grant date. All grant-date criteria must be supported. Approval, mutual understanding, service inception, and grant date can differ.

Where to watch

When this mistake may appear

  • The award has a familiar label or a final share count.
Check your work

Your work may contain this mistake if:

  • Uses the award label instead of the scope, classification, date, condition, and service evidence.