Form 4: Ford Executive John Douglas Field Reports Stock Transactions
SEC Form 4 Filing
John Douglas Field, Ford's Chief EV, Digital & Design Officer, reports the conversion of Ford Stock Units into common stock and the withholding of shares for tax liabilities.
Summary
- On March 3, 2024, John Douglas Field converted 88,807 Ford Stock Units into shares of Ford common stock.
- On March 4, 2024, he converted an additional 62,670 Ford Stock Units into shares.
- Also on March 4, 2024, 63,351 shares were withheld to cover income tax liabilities related to the vesting of awards.
- Following these transactions, Field directly owns 808,302 shares of Ford common stock.
- He also holds 276,295 Ford Restricted Stock Units, which will convert to common stock over the next three years.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The Ford Restricted Stock Units will be converted and distributed to Field in shares of Common Stock to the extent of 33% after one year from the date of grant (03/04/2024), 66% after two years, and in full after three years.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| January 19, 2024 | Date of Power of Attorney document. |
| 03/03/2024 | Conversion of 88,807 Ford Stock Units into common stock. |
| 03/04/2024 | Conversion of 62,670 Ford Stock Units into common stock and withholding of 63,351 shares for tax liabilities. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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