Jim Farley, Ford Motor Firm Government Vice President and President of World Markets, reveals the 2020 Ford Mustang Shelby GT 500 on the 2019 North American Worldwide Auto Present throughout Media preview days on January 14, 2019 in Detroit, Michigan.
Invoice Pugliano | Getty Pictures
Ford Motor Chief Working Officer Jim Farley is about to obtain hundreds of thousands in widespread shares of the automaker if he's not chosen as its subsequent CEO, in response to an organization submitting submitted to the SEC on Friday.
Farley, who is taken into account to be the inheritor obvious to CEO and President Jim Hackett, can be awarded a inventory grant valued at $2.5 million in unrestricted shares of Ford widespread inventory if not chosen as Hackett's successor, in response to the submitting.
Based mostly on Friday's closing worth of Ford shares $5.63, up 5.2%, Farley would obtain greater than 444,000 shares of the corporate. Prior to now 12 months, the automaker's inventory has declined 34%, together with 39.5% in 2020.
If Farley is obtainable the place and he declines the...
Supply cnbc.com
