Ford CEO Alan Mulally can cash in about $5.9 million in company stock now and was awarded additional stock worth $13.8 million at the current share price for his performance in 2013, according to documents filed Thursday with the Securities and Exchange Commission.
The $13.8 million represents 882,352 shares of restricted stock that cannot be converted into common stock and cashed until 2016. Ford shares increased 19% in 2013 and had a similar boost in 2012.
Read Article