Form 4: Ford Motor Co. Director John L. Thornton Reports Acquisition of Ford Stock Units Due to Dividend Equivalents

Director John L. Thornton reported the acquisition of 4,809 Ford Stock Units due to dividend equivalents credited to his account under the company's Deferred Compensation Plan for Non-Employee Directors.

Summary

• On June 3, 2024, John L. Thornton, a director of Ford Motor Co., acquired 4,809 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 acquisition did not involve any payment by Thornton.
• As of the report, Thornton directly owns 395,045 shares of Ford common stock.
• 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's common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and director ownership, indicating alignment with shareholder interests.

Positives

• The acquisition of Ford Stock Units through dividend equivalents reflects the company's commitment to its non-employee directors through its Deferred Compensation Plan.

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 is typical for publicly traded companies.

Stakeholder Impact

• The transaction reflects ongoing compensation arrangements for non-employee directors, which can influence shareholder perception of corporate governance.

Key Dates