• Latest

Bill Ford Acquires 2 Million Shares of Automaker With Stock Near 20-Year High

December 9, 2021
Friday’s top tech news: Jury rules in Elon Musk’s favor in securities fraud trial

Friday’s top tech news: Jury rules in Elon Musk’s favor in securities fraud trial

February 4, 2023

Pope Francis pleads for peace as he meets South Sudanese people displaced by war

February 4, 2023
Birds that dive may be at greater risk of extinction

Birds that dive may be at greater risk of extinction

February 4, 2023

Upsurge in rocket launches could impact the ozone layer

February 4, 2023

China’s BYD is overtaking Tesla as the carmaker extraordinaire

February 4, 2023
Let me mansplain: studies reveal impact of condescension

Let me mansplain: studies reveal impact of condescension

February 4, 2023

How to protect your privacy in Windows 11

February 4, 2023

Echolocation could give small robots the ability to find lost people

February 4, 2023
Fears of Russian Nuclear Weapons Use Have Diminished for Now

Fears of Russian Nuclear Weapons Use Have Diminished for Now

February 4, 2023
Record-breaking ‘Toadzilla’ discovered in Australia

Record-breaking ‘Toadzilla’ discovered in Australia

February 4, 2023

How plant ‘muscles’ fold up a mimosa leaf fast

February 4, 2023

Witchbrook Devs Give Update on Game's Development

February 4, 2023
  • World
  • Business
  • Science
  • Tech
  • Games
Saturday, February 4, 2023
Ad Astra News
  • World
  • Business
  • Science
  • Tech
  • Games
  • World
  • Business
  • Science
  • Tech
  • Games
Ad Astra News
Home Business

Bill Ford Acquires 2 Million Shares of Automaker With Stock Near 20-Year High

December 9, 2021
in Business


(Bloomberg) — Ford Motor Co. Chair Bill Ford acquired nearly 2 million shares of his firm for about $20.5 million by the train of inventory choices.

Most Read from Bloomberg

The great-grandson of founder Henry Ford selected to make use of money to pay train prices on the choices quite than promote among the ensuing shares, in line with a regulatory submitting.

The transaction leaves Ford, 64, with about 20 million shares, together with restricted inventory. That complete additionally contains about 15 million of the founding household’s particular class of super-voting inventory. His holdings could be value about $400 million primarily based on Ford’s newest worth.

The automaker’s shares hit a 20-year excessive final month, with traders rewarding the corporate for a extra aggressive push into electrical automobiles below Chief Executive Officer Jim Farley. Since Farley turned CEO 14 months in the past, Ford shares have risen practically 200%, closing Wednesday at $19.81.

“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 Motor stated in an emailed assertion.

Most Read from Bloomberg Businessweek

©2021 Bloomberg L.P.


Related Posts

Jim Cramer says strong January jobs report shows the economy can handle more rate hikes

February 4, 2023

Tesla stock rips higher as IRS boosts Model Y EV tax credit eligibility

February 3, 2023

Ferrari’s 2022 earnings jump 13%, supercar maker guides to strong 2023

February 3, 2023

I want to own Sherwin-Williams

February 1, 2023

Brace for ‘tinderbox-timebomb’ market crash worse than 1929, Universa hedge fund manager says

February 1, 2023

Look inside luxury Los Angeles condos seeking record prices

January 31, 2023

UPS raises dividend to boost implied yield above 3.6%, sets new $5 billion stock buyback program

January 31, 2023

Obamacare special enrollment for people who lose Medicaid

January 30, 2023
Next Post

Femtech corporations are finally having fun with an funding increase

Ad Astra News

  • Home
  • World
  • Business
  • Science
  • Tech
  • Games

Ad Astra News

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version