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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ford Motor Company | NYSE:F | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.21 | 1.72% | 12.41 | 12.55 | 12.36 | 12.40 | 26,135,947 | 18:51:20 |
Ford Motor Co. granted Chief Executive Officer Alan Mulally 882,352 shares of restricted stock, valued at $13.8 million based on today's stock price, and another 613,747 options that currently have marginal value because of the strike price.
The company announced stock grants in a regulatory filing, along with those of various other top executives in a raft of disclosures.
Mr. Mulally cannot sell the shares until March 2016 and must wait three years as well to exercise all the options if he chooses.
The chief executive, who turned around the Dearborn, Mich.-based giant, has been well compensated for his work. Based on the company's 2013 proxy statement, his existing shares and options, prior the recent grant, are worth nearly $500 million.
Other notable grants include 411,764 restricted shares and 286,415 options to Bill Ford Jr., the executive chairman. The options can be purchased for $15.37, or 30 cents lower than Ford's shares closed at Thursday.
Chief Operating Officer Mark Fields received 294,117 restricted shares and 204,582 options.
Write to Mike Ramsey at michael.ramsey@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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