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 10,052 Ford Stock Units due to dividend equivalents credited to his account under Ford's Deferred Compensation Plan for Non-Employee Directors.

Summary

• On March 1, 2024, John L. Thornton, a director of Ford Motor Co., acquired 10,052 Ford Stock Units.
• These units were a result of dividend equivalents credited to his account under the Company's Deferred Compensation Plan for Non-Employee Directors.
• The price of the derivative security was $0.
• Following the transaction, Thornton directly owns 390,235 Ford Stock Units.
• These units will be converted and distributed in cash on January 10th of the year following termination of Board service, based on the then-current market value of a share of Common Stock.

Sentiment

Score: 7

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

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 on the then-current market value of a share of Common Stock.

Industry Context

This filing reflects routine compensation practices for non-employee directors, aligning with standard corporate governance and executive compensation norms within the automotive industry.

Stakeholder Impact

• The transaction increases the director's alignment with shareholder interests through increased equity ownership.

Key Dates