Crockett Kyle 4
Research Summary
AI-generated summary
Ford (F) CAO Kyle Crockett Exercises Awards; Shares Withheld
What Happened
- Kyle Crockett, Chief Accounting Officer of Ford Motor Co., settled 74,098 restricted stock units (RSUs)/converted a derivative into 74,098 shares on June 4, 2026. The company withheld 32,307 shares to cover income tax liabilities at $15.71 per share, totaling about $507,543. After withholding, Crockett received a net 41,791 shares.
Key Details
- Transaction date: June 4, 2026; Form 4 filed June 5, 2026 (timely).
- Transactions reported: exercise/conversion of derivative/RSU settlement (code M) for 74,098 shares; tax withholding (code F) of 32,307 shares at $15.71/share = $507,543.
- Net shares received: 74,098 – 32,307 = 41,791 shares.
- Footnotes: F1 = settlement of RSUs under the Long-Term Incentive Plan; F2 = shares withheld to cover income tax from the RSU settlement; F3 = balance includes units from reinvested dividend equivalents.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- This was a routine equity-award settlement (conversion of RSUs), not an open-market purchase or sale. The withholding of shares to satisfy tax obligations is common and should not be read as an independent market-timing sale. The derivative/“M” entries reflect conversion/exercise of award units into common stock.