Ford Form 4: Director William Kennard Receives 3,503 Stock Units

Rhea-AI Filing Summary

Ford Motor Co. director William E. Kennard received restricted stock unit credits as dividend equivalents. On 09/02/2025 he was credited 495 Ford Stock Units under the 2024 Stock Plan for Non-Employee Directors and 3,008 Ford Stock Units under the 2014 Stock Plan for Non-Employee Directors. These units are described as dividend equivalents that will be converted into shares of Ford common stock and distributed to the reporting person without payment following termination of Board service. The Form 4 filing reports the holdings as 39,185 and 238,014 shares respectively, held directly.

Positive

• Director holdings increased via crediting of 495 and 3,008 Ford Stock Units, reflecting higher reported direct beneficial ownership
• Compensation aligned with shareholders through dividend-equivalent RSUs that convert to common stock, payable without further cash from the director

Negative

• None.

Insights

Financial Analyst

TL;DR: Director Kennard received RSU dividend-equivalent credits increasing his reported direct holdings in Ford.

This Form 4 documents routine crediting of dividend equivalents as restricted stock units under two director stock plans, increasing the reporting person's direct beneficial holdings. The transactions are non-cash credits (no purchase price reported) and are tied to board service, with conversion and distribution contingent on termination of Board service. For investors, this is a governance/compensation disclosure rather than operating or financial performance information.

Corporate Governance Expert

TL;DR: Routine RSU credits under director plans; reflects compensation mechanics, not active trading or policy change.

The filing shows dividend equivalents credited as Ford Stock Units under the 2024 and 2014 Non-Employee Director Stock Plans. Such credits are standard for non-employee directors and are described as converting to shares upon termination of board service. The entry was reported by an attorney-in-fact and signed on 09/04/2025. No departures, option exercises, or transfers are disclosed.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kennard William E

(Last) (First) (Middle)

ONE AMERICAN ROAD

(Street)

DEARBORN MI 48126

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FORD MOTOR CO [ F ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Ford Stock Units	(1)	09/02/2025		A(1)		495		(1)	(1)	Common Stock, $0.01 par value	495	(1)	39,185	D
Ford Stock Units	(2)	09/02/2025		A(2)		3,008		(2)	(2)	Common Stock, $0.01 par value	3,008	(2)	238,014	D

Explanation of Responses:

1. Crediting of dividend equivalents in the form of Restricted Stock Units, under the Company's 2024 Stock Plan for Non-Employee Directors. In general, these Units will be converted into shares of Ford Common Stock and distributed to the Reporting Person, without payment, following termination of Board service.

2. Crediting of dividend equivalents in the form of Restricted Stock Units, under the Company's 2014 Stock Plan for Non-Employee Directors. In general, these Units will be converted into shares of Ford Common Stock and distributed to the Reporting Person, without payment, following termination of Board service.

Remarks:

	Blair F. Petrillo, Attorney-in-Fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions does the Form 4 for Ford (F) report for William E. Kennard?

The Form 4 reports crediting of 495 Ford Stock Units under the 2024 Stock Plan and 3,008 Ford Stock Units under the 2014 Stock Plan on 09/02/2025 as dividend equivalents.

Will William E. Kennard pay to receive the credited Ford Stock Units?

No. The filing states the Units are distributed to the reporting person without payment following termination of Board service.

How many shares does the filing show after the reported transactions?

The filing lists resulting direct beneficial ownership of 39,185 shares (related to the 2024 plan credit) and 238,014 shares (related to the 2014 plan credit).

When was the Form 4 signed and who signed it?

The Form 4 was signed by Blair F. Petrillo, Attorney-in-Fact on 09/04/2025.