Form 4: Ford Director Cisneros Receives Stock Units Under 2024 Plan

Adriana Cisneros, a Ford Motor Co. director, was awarded restricted stock units under the company's 2024 Stock Plan for Non-Employee Directors.

Summary

• On May 15, 2025, Adriana Cisneros, a director of Ford Motor Co., received an award of 29,302 restricted stock units under the company's 2024 Stock Plan for Non-Employee Directors.
• These units will convert into shares of Ford common stock and be distributed to Cisneros without payment.
• The conversion and distribution will occur on the earlier of 5 years from the grant date or Cisneros' separation from the Board.
• The price of the derivative security is $10.75.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The award of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment to the company.

Future Outlook

The restricted stock units will be converted into shares of Ford Common Stock and distributed to the Reporting Person, without payment, on the earlier of 5 years from the grant date or their separation from the Board.

Industry Context

Granting stock options to board members is a common practice to align their interests with the long-term success of the company and its shareholders.

Comparison to Industry Standards

• Many companies in the automotive industry, such as General Motors and Tesla, use stock options and restricted stock units as part of their compensation packages for directors and executives.
• The specific terms of these grants, such as vesting schedules and performance metrics, can vary widely depending on the company's size, performance, and strategic goals.

Stakeholder Impact

• Shareholders may view this as a positive sign, as it aligns the director's interests with the company's long-term performance.
• Employees may see this as a standard practice for rewarding board members.

Key Dates

Keywords

Ford, Director, Stock Units, Restricted Stock, Form 4, Beneficial Ownership, Securities, Cisneros, 2024 Stock Plan