Form 4: Ford Director John L. Thornton Reports Acquisition of Ford Stock Units Due to Dividend Equivalents
SEC Form 4 Filing
Director John L. Thornton reported the acquisition of 5,367 Ford Stock Units due to dividend equivalents credited under the company's Deferred Compensation Plan for Non-Employee Directors.
Summary
- On September 3, 2024, John L. Thornton, a director of Ford Motor Co, acquired 5,367 Ford Stock Units.
- These units were obtained through dividend equivalents credited to his account under Ford's Deferred Compensation Plan for Non-Employee Directors.
- The price of the derivative security was $0.
- Following this transaction, Thornton directly owns 400,412 Ford Stock Units.
- These units will be converted to cash on January 10th of the year following termination of Board service, based on the market value of Ford's common stock at that time.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. There are no indications of positive or negative implications for the company's performance.
Future Outlook
The Ford Stock Units will be converted and distributed in cash on January 10th of the year following termination of Board service, based upon the then current market value of a share of Common Stock.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, and it doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of transaction: Acquisition of Ford Stock Units. |
| 09/05/2024 | Date of signature on the report. |
| January 10th of the year following termination of Board service | Date when Ford Stock Units will be converted and distributed in cash. |
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