You do not report any income until you have completed the 5 years of service that satisfy the condition.taxmap/pubs/p551-002.htm#TXMP309df49eFair market value.Figure the FMV of property you received without considering any restriction except one that by its terms will never end.taxmap/pubs/p551-002.htm#TXMP452685f7Example.You received stock from your employer for services you performed.