Kennard William E 4

What Happened
William E. Kennard, a Ford Motor Company (F) director, was credited a total of 2,558 restricted stock units (RSUs) on 2026-06-01 as dividend equivalents. The filing shows two awards: 362 RSUs under the 2024 Stock Plan for Non‑Employee Directors and 2,196 RSUs under the 2014 Stock Plan for Non‑Employee Directors. No per‑share price or cash value is reported (listed as N/A), and these are recorded as derivative awards (transaction code A).

Key Details

• Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-03).
• Transaction type/code: Award/Grant (A) — derivative RSUs; prices and total dollar amounts are shown as N/A.
• Share counts: 362 RSUs (2024 plan) + 2,196 RSUs (2014 plan) = 2,558 RSUs total.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 and F2 state these are dividend equivalents credited as RSUs that, in general, will convert into Ford common stock and be distributed without payment following termination of Board service.
• Timeliness: Filing appears timely (Form 4 filed within the standard reporting window).

Context
These credits represent dividend equivalents paid in the form of RSUs to a non‑employee director — a routine compensation mechanism — rather than an open‑market purchase or sale. The RSUs are derivatives that will generally convert to common shares and be delivered upon the director’s termination of board service, so this action does not signal an immediate cash transaction or an outright purchase/sale. Retail investors should view these as standard director compensation unless additional trading or disclosures follow.