Form 4: Ford Director Kennard William E. Reports Acquisition of Ford Stock Units Due to Dividend Equivalents

Director Kennard William E. reports the acquisition of Ford Stock Units resulting from dividend equivalents under the company's stock plans.

Summary

• William E. Kennard, a director of Ford Motor Co, reported the acquisition of Ford Stock Units on September 3, 2024.
• These units were acquired as a result of dividend equivalents credited to his account under the company's 2024 and 2014 Stock Plans for Non-Employee Directors.
• A total of 237 Ford Stock Units were acquired under the 2024 plan, bringing the total direct ownership to 17,603 units.
• Additionally, 2,982 Ford Stock Units were acquired under the 2014 plan, increasing the total direct ownership to 221,334 units.
• These units will be converted into shares of Ford common stock and distributed to Kennard following termination of Board service, without payment.

Sentiment

Score: 7

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

Positives

• The acquisition of stock units reflects the director's continued investment in the company.
• Dividend equivalents being credited to the director's account under the stock plans is a positive incentive.

Future Outlook

The Ford Stock Units will be converted into shares of Ford common stock and distributed to the director following termination of Board service.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is standard practice in corporate governance.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is related to director compensation.

Key Dates