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Ford execs get stock units of $15M

DEARBORN, Michigan (AP) — Ford Motor Co. reported Friday that it granted CEO Alan Mulally and several other top executives 2 million stock units valued at nearly $15 million and more than 6 million stock options.

In a filing with the Securities and Exchange Commission, the Dearborn-based automaker said it granted Mulally 715,230 stock units valued at $4 million and an option to buy 3.6 million shares.

The value of the stock units was based on Ford’s closing price on Wednesday, the date the units were granted.

According to a separate SEC filing, Ford also granted Chief Financial Officer Don Leclair 377,358 options and 236,163 stock units valued at $1.44 million. Mark Fields, Ford’s president of the Americas, received 377,358 options and 258,877 stock units valued at $1.6 million.

The options for all the executives carry an exercise price of $6.14.

Ford reported in January that it lost $2.7 billion last year, narrower than a loss of $12.6 billion in 2006.

Ford shares closed Friday at $5.78, down 16 cents, or 2.7 percent. E-mail to a friend

Copyright 2008 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.

Ford execs get stock units of $15M – found here.


March 8, 2008 - Posted by | Uncategorized

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