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F Ford Motor Company

12.41
0.21 (1.72%)
Last Updated: 18:51:20
Delayed by 15 minutes
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 Awards CEO Restricted Stock Worth $13.8 Million

06/03/2014 11:10pm

Dow Jones News


Ford Motor (NYSE:F)
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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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