Waldo Jennifer 4

What Happened

• Jennifer Waldo, Ford's Chief People & Employee Experience Officer, had restricted stock units (RSUs) convert into common shares on 2026-05-15. Three conversions delivered a total of 185,185 shares.
• To cover income tax liabilities, the company withheld 80,446 of those shares at $14.48 per share, representing approximately $1,164,859 withheld. The net shares retained by Waldo after withholding were 104,739.
• These transactions are settlement of LTIP awards (not open-market sales or purchases).

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-18 (appears timely).
• Conversion entries reported under transaction code M (exercise/conversion of derivative); withholding reported under code F (shares withheld for tax).
• Withholding price: $14.48 per share; total withheld value reported $396,057 + $384,401 + $384,401 = $1,164,859.
• Shares acquired (gross): 62,963 + 61,111 + 61,111 = 185,185; shares withheld (disposed for tax): 27,352 + 26,547 + 26,547 = 80,446; net added: 104,739 shares.
• Footnotes: F1 = settlement of RSUs into common stock under the Long‑Term Incentive Plan; F2 = company withheld shares to cover income tax liabilities.
• Form 4 did not disclose total beneficial ownership after these transactions in the summary provided.

Context

• This was an award settlement (RSUs converting to shares) with shares withheld for taxes — a common, administrative transaction for executive compensation. It is not an open‑market sale or an aftermarket purchase.
• Transaction codes: M = conversion of derivative (here, RSUs) into shares; F = shares withheld to pay tax liabilities. These actions generally reflect compensation settlement rather than a deliberate buy/sell signal.