Form 4: Ford Director Thornton Reports Acquisition of Stock Units Due to Dividend Equivalents

Director John L. Thornton reports the acquisition of Ford stock units resulting from dividend equivalents credited to his account under the company's Deferred Compensation Plan for Non-Employee Directors.

Summary

• On March 3, 2025, Director John L. Thornton acquired 12,721 Ford Stock Units due to dividend equivalents credited to his account under Ford's Deferred Compensation Plan for Non-Employee Directors.
• These stock units will be converted to cash based on the market value of Ford common stock on January 10th of the year following termination of Board service.
• Following the transaction, Thornton directly owns 418,543 Ford Stock Units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with company performance.

Positives

• The acquisition of stock units reflects continued alignment of the director's interests with those of the company and its shareholders.

Future Outlook

The Ford Stock Units will be converted to cash on January 10th of the year following termination of Board service, based on the then-current market value of Ford common stock.

Industry Context

This filing is a routine disclosure of a director's acquisition of stock units under a deferred compensation plan, which is a common practice among publicly traded companies to align the interests of directors with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates