Kennard William E 4

What Happened

• William E. Kennard, a director of Ford Motor Co., was granted 15,727 restricted stock units (reported as a derivative acquisition) on 2026-05-21. The grant is reported at $13.22 per share, for a total reported value of $207,911. This was an award (non-cash compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-22 (filed one day after the transaction).
• Transaction type/code: Award/Grant (A) — Restricted Stock Units (derivative).
• Shares/units granted: 15,727; reported grant value: $13.22 per unit, total $207,911.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: These RSUs were awarded under Ford’s 2024 Stock Plan for Non‑Employee Directors and “will be converted into shares of Ford Common Stock and distributed to the Reporting Person, without payment, following their separation from the Board.” (Footnote F1)
• No indication of a 10b5‑1 plan, tax‑withholding sale, or late filing beyond the one‑day filing.

Context

• This is a deferred compensation award for a non-employee director (RSUs), meaning Kennard did not buy shares on the open market; instead he received a grant that will convert into stock later (upon separation from the Board). Such awards are routine director compensation and do not, by themselves, indicate a buy/sell signal from the insider.