Ford (NYSE: F) director gets 4,807 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ford Motor Company director John L. Thornton reported acquiring 4,807 Ford Stock Units through a grant classified as a “grant, award, or other acquisition.” The units were credited at a price of $0.0000 per unit, bringing his total directly held Ford Stock Units to 439,860.
According to the footnote, these units represent dividend equivalents credited under Ford’s Deferred Compensation Plan for Non-Employee Directors, without any payment by him. They are scheduled to be converted and distributed to him in cash on January 10th of the year following his termination of Board service, based on the then-current market value of Ford common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
THORNTON JOHN L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ford Stock Units | 4,807 | $0.00 | -- |
Holdings After Transaction:
Ford Stock Units — 439,860 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Ford (F) director John L. Thornton report?
John L. Thornton reported acquiring 4,807 Ford Stock Units as a grant. These units are dividend equivalents under Ford’s Deferred Compensation Plan for Non-Employee Directors and were credited at a price of $0.0000 per unit, increasing his total stock units to 439,860.
How many Ford Stock Units does John L. Thornton hold after this Form 4?
After this transaction, John L. Thornton holds 439,860 Ford Stock Units directly. The Form 4 shows 4,807 units were added through a grant, bringing his total to that figure under Ford’s Deferred Compensation Plan for Non-Employee Directors.
Did John L. Thornton pay for the 4,807 Ford Stock Units reported in this filing for Ford (F)?
He did not pay for these 4,807 Ford Stock Units. The footnote explains they are dividend equivalents credited by Ford under its Deferred Compensation Plan for Non-Employee Directors, with a transaction price of $0.0000 per unit.
When will John L. Thornton receive cash for his Ford (F) deferred stock units?
Thornton’s Ford Stock Units are scheduled to be converted and distributed to him in cash on January 10th of the year following termination of his Board service, based on the then current market value of Ford common stock.
What plan governs the Ford Stock Units reported by John L. Thornton for Ford (F)?
The units are governed by Ford’s Deferred Compensation Plan for Non-Employee Directors. Under this plan, dividend-equivalent Ford Stock Units are credited to his account by the company without payment and later settled in cash after his Board service ends.