Are you looking at qualified? Also is it ESPP or options? That looks like options in a non-qual, as they are grants not purchases of stock directly.Hmm, I'm not sure about that:
If it's a qualified account, it will be tax deferred and you will pay income taxes on it. If you are using NUA (Net Unrealized Appreciation), then you pay income on initial purchase price and cap gains after that, but that's a totally different conversation.