Form 4: Ford Director Casiano Reports Acquisition of Stock Units Through Dividend Equivalents

Director Kimberly A. Casiano reports the acquisition of Ford stock units through dividend equivalents under the company's stock plans.

Summary

• Kimberly A. Casiano, a director of Ford Motor Co, reported the acquisition of Ford stock units on September 3, 2024.
• These units were obtained through dividend equivalents credited to her account under the company's 2014 Stock Plan for Non-Employee Directors, the Deferred Compensation Plan for Non-Employee Directors, and the 2024 Stock Plan for Non-Employee Directors.
• A total of 3,200 Ford Stock Units were acquired under the 2014 plan, 2,595 units under the Deferred Compensation Plan, and 237 units under the 2024 plan.
• These units will generally be converted into shares of Ford common stock or cash, without payment by Casiano, following termination of Board service or on January 10th of the year following termination of Board service for the Deferred Compensation Plan.
• Following these transactions, Casiano directly owns 237,463 Ford Stock Units under the 2014 plan, 193,604 units under the Deferred Compensation Plan, and 17,603 units under the 2024 plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's continued investment in the company through standard compensation practices.

Positives

• The acquisition of stock units through dividend equivalents indicates the director's continued investment in the company's future.
• The structure of the stock plans aligns the director's interests with those of long-term shareholders.

Future Outlook

The Ford Stock Units will be converted into shares of Ford common stock or cash at a future date, based on the terms of the respective stock plans.

Industry Context

This filing is a routine disclosure of a director's acquisition of stock units through dividend equivalents, which is a common practice in corporate governance to align the interests of directors with those of shareholders.

Stakeholder Impact

• The acquisition of stock units by a director can positively influence shareholder confidence.

Key Dates