Ford (NYSE: F) COO logs major stock unit awards and tax-share withholdings
Rhea-AI Filing Summary
Ford Motor Company Chief Operating Officer Ashwani Kumar Galhotra reported multiple stock-based compensation transactions. He exercised Ford Stock Units into common shares and received awards tied to the company’s long-term incentive plan.
On March 4, he acquired 234,192 Ford Restricted Stock Units granted without payment, described as a final award related to a 2023 performance-based restricted stock unit award and other grants under the long-term incentive plan. These restricted stock units are scheduled to convert into common stock over three years, with 33% after one year from the stated grant date of March 4, 2026, 66% after two years, and in full after three years.
Across March 3 and March 4, Ford withheld blocks of common shares, including 24,395, 34,077, 39,839 and 17,952 shares at prices of $12.70 and $13.39 per share, to cover income tax liabilities arising from the settlement of performance and restricted stock units. These dispositions were for tax withholding rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Ford Stock Units | 55,950 | $0.00 | -- |
| Exercise | Ford Stock Units | 78,157 | $0.00 | -- |
| Grant/Award | Ford Stock Units | 234,192 | $0.00 | -- |
| Exercise | Common Stock, $0.01 par value | 55,950 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 par value | 24,395 | $12.70 | $310K |
| Exercise | Common Stock, $0.01 par value | 78,157 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 par value | 34,077 | $12.70 | $433K |
| Exercise | Ford Stock Units | 41,174 | $0.00 | -- |
| Exercise | Common Stock, $0.01 par value | 111,440 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 par value | 39,839 | $13.39 | $533K |
| Exercise | Common Stock, $0.01 par value | 41,174 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 par value | 17,952 | $13.39 | $240K |
Footnotes (1)
- These shares are a final award related to a 2023 performance-based restricted stock unit award and were acquired without payment. Shares withheld by the Company to cover income tax liabilities from the settlement of Performance Stock Units into shares of Common Stock under the Company's Long-Term Incentive Plan. Settlement of Restricted Stock Units into shares of Ford Common Stock under the Company's Long-Term Incentive Plan. Shares withheld by the Company to cover income tax liabilities from the settlement of Restricted Stock Units into shares of Common Stock under the Company's Long-Term Incentive Plan. These Ford Restricted Stock Units were acquired under the Company's Long-Term Incentive Plan without payment. These Ford Restricted Stock Units will be converted and distributed, without payment, in shares of Common Stock to the extent of 33% after one year from the date of grant (03/04/2026), 66% after two years, and in full after three years.
