Form 4: John Weinberg Credited 2,147 Ford Stock Units Under Director Plans
Rhea-AI Filing Summary
Ford Motor Company director John S. Weinberg received Restricted Stock Units (RSUs) as dividend equivalents under two separate non-employee director stock plans. The filing reports crediting of 725 Ford Stock Units under the 2024 Stock Plan for Non-Employee Directors and 1,422 Ford Stock Units under the 2014 Stock Plan for Non-Employee Directors. Each set of units will convert into common shares without payment on the earlier of five years from the related grant date or the director's separation from the board. After these credits, the reporting person is shown as beneficially owning 57,411 and 112,575 underlying shares for the respective plans, reported as direct ownership.
Positive
- Director compensation delivered as equity (RSUs) which aligns interests with shareholders
- Clear plan mechanics disclosed showing conversion timing tied to vesting or separation
Negative
- None.
Insights
TL;DR: Director received dividend-equivalent RSUs under two director plans; routine compensation, no sale or purchase of shares reported.
The filing documents non-cash crediting of dividend equivalents to a board member in the form of Restricted Stock Units under the company's 2024 and 2014 non-employee director plans. These RSUs are structured to convert into common stock without additional payment on set conditions, which aligns with standard director compensation practices and retention incentives. There is no indication of open-market purchases, sales, or derivative exercises in this disclosure.
TL;DR: Incremental equity compensation recorded; immaterial to immediate share supply and no cash proceeds involved.
The reported crediting of 725 and 1,422 Ford Stock Units are dividend-equivalent grants that will convert to common shares upon vesting or separation. Because these are compensation credits (not open-market transactions), they do not represent cash proceeds or immediate share disposition by the director. The disclosure shows resulting beneficial ownership figures by plan, reported as direct holdings, which is useful for tracking insider ownership but represents routine equity-based pay rather than a material corporate event.