Ford announce CEO Alan Mulally's 2009 share options
16 March 2009

Ford CEO Alan Mulally has received over 5 million shares in the company as part of his 2009 stock options.

Mulally, who recently agreed a 30 per cent pay cut, will be able to collect any gains above the $1.96 issue price after a set period of time outlined in the share agreement.

But if the value of Ford’s shares fails to rise above the $1.96 threshold Mulally’s stake will be worthless, a situation he currently faces with his 2008 stock options.

The 3.5 million shares issued last year were set at a price of $6.14, substantially higher than the share’s current $2.19 value at the close of trading on Friday.

Mulally joined Ford in September 2006 when the company’s shares were trading at over $8.

George Barrow

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Citroën C3 Aircross
    First Drive
    17 October 2017
    It's got funky looks and a charming interior, but it's another small SUV, and another dynamic miss. Numb steering is just one thing keeping it from class best
  • Skoda-Karoq 2.0 TDI 4x4
    First Drive
    16 October 2017
    Diesel version of Skoda’s junior SUV is unobtrusive and undemanding, but we’d still go for the silkier petrol version of the Karoq
  • Audi Q7 e-tron
    First Drive
    16 October 2017
    Expensive and flawed but this understated diesel-electric Audi Q7 has a lot to offer
  • Citroën C3
    First Drive
    16 October 2017
    Is the third gen Citroën C3 ‘fresh and different’ enough to take on its supermini rivals? We spend six months with one to find out
  • BMW X3
    First Drive
    15 October 2017
    A satisfying rework of the X3 that usefully improves its handling, cabin finish, space and connectivity to make this BMW a class front-runner again