Veihmeyer John B 4

What Happened
John B. Veihmeyer, a Ford Motor Company director, had derivative units converted into 36,822 shares on May 20, 2026 (reported as an M-code exercise/conversion). On May 21, 2026 he was granted 25,237 restricted stock units (RSUs) under the 2024 Stock Plan for Non‑Employee Directors at an implied grant value of $13.22 per share, totaling $333,633. The conversion/settlement was reported as resulting in acquisition of shares (and corresponding cancellation/disposition of the derivative units), and the new RSU award will convert into common stock per the plan terms.

Key Details

• Transaction dates: conversion/exercise reported May 20, 2026; RSU grant reported May 21, 2026. Filing date: May 22, 2026.
• Conversion/Exercise (code M): 36,822 derivative units converted into shares (acquired) and the same 36,822 derivative units were recorded as disposed/cancelled as part of the conversion.
• Grant/Award (code A): 25,237 RSUs @ $13.22/share for a reported grant value of $333,633.
• Footnotes: F1 — the May 20 conversion reflects settlement of Restricted Stock Units into common shares under Ford’s 2014 Stock Plan for Non‑Employee Directors, without payment by the reporting person. F2 — the May 21 award is RSUs under the 2024 Stock Plan for Non‑Employee Directors; these units convert into shares and will be distributed without payment on the earlier of five years from grant or separation from the Board.
• Shares owned after the transactions: not stated in the provided excerpt of the filing.
• Timeliness: Filing date (May 22) covers transactions on May 20–21 and appears to be within the usual two‑business‑day Form 4 reporting window.

Context

• The M-code entries are conversions/settlements of derivative awards (RSUs) into common stock rather than open‑market sales; the corresponding “disposed” line reflects cancellation of the derivative instrument upon conversion.
• The A-code RSU grant is a non‑cash award for a non‑employee director and does not by itself indicate buying or selling sentiment.