Ford Motor Co. granted Chief Executive Officer Alan Mulally
882,352 shares of restricted stock, valued at $13.8 million based
on today's stock price, and another 613,747 options that currently
have marginal value because of the strike price.
The company announced stock grants in a regulatory filing, along
with those of various other top executives in a raft of
disclosures.
Mr. Mulally cannot sell the shares until March 2016 and must
wait three years as well to exercise all the options if he
chooses.
The chief executive, who turned around the Dearborn, Mich.-based
giant, has been well compensated for his work. Based on the
company's 2013 proxy statement, his existing shares and options,
prior the recent grant, are worth nearly $500 million.
Other notable grants include 411,764 restricted shares and
286,415 options to Bill Ford Jr., the executive chairman. The
options can be purchased for $15.37, or 30 cents lower than Ford's
shares closed at Thursday.
Chief Operating Officer Mark Fields received 294,117 restricted
shares and 204,582 options.
Write to Mike Ramsey at michael.ramsey@wsj.com
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