Bill Ford exercises stock options to buy nearly 2 million Ford shares


Ford Motor Co. Executive Chair Bill Ford this week exercised stock options to buy nearly 2 million shares of the automaker's common stock for approximately $20.5 million, a move the company characterized as a signal of his belief in where the business is headed. “The decision to exercise these options to purchase almost 2 million shares of common stock reflects Bill’s confidence in the future of the company and our plan to create tremendous value for all of our stakeholders," Ford spokesperson Mark Truby said in a statement. "In this transaction, Bill is paying the exercise price for these options in cash to hold the entirety of the almost 2 million resulting shares of common stock without any shares sold to cover the exercise price, taxes, or associated costs.”