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Ford CEO Mulally gets $13.8 million in stock for 2013 performance
March 6, 2014 / 9:58 PM / 4 years ago

Ford CEO Mulally gets $13.8 million in stock for 2013 performance

DETROIT (Reuters) - Ford Motor Co (F.N) Chief Executive Alan Mulally was awarded performance bonuses worth $13.8 million for 2013, the No. 2 U.S. automaker disclosed to U.S. regulators on Thursday.

Ford Motor Co. CEO Alan Mulally poses next to a Ford vehicle during a gathering with members of the media at the Ford Conference Center in Dearborn, Michigan December 12, 2013. REUTERS/Rebecca Cook

The amount Mulally makes from the restricted stock he received depends on its value on the day he sells it. The shares were worth $13.83 million based on Thursday’s closing price of $15.67.

Mulally now owns Ford common stock worth $96.9 million at Thursday’s closing price.

His 2013 restricted stock award is 882,352 shares that convert to common stock on March 4, 2016, according to a Ford filing with the U.S. Securities and Exchange Commission.

Reporting by Bernie Woodall; Editing by Steve Orlofsky

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