Ford motor (FN) CEO Alan mulally this week was awarded the performance bonuses, worth nearly $1.2 billion, ford said on Tuesday to the American regulators.
Mulally made from the number of shares depends on its value of one day, he sales. Their value last Tuesday closing price of $12.88, $11700000 according to.
Ford also said that mulally won a $7 million shares, become completely belong to this week, according to the 2010 equity reward.
In addition, Mr Mulally was awarded the stock options, exercise price is $12.75 share, this is ford stock Monday's closing price for 745526 shares.
Ford and the United States securities and exchange commission documents (Tuesday) mulally and ford executive stock bonus.
Mulally, 67 years old, has led to the United States, the second largest car manufacturer's turnover, because he was established in 2006 in order to get into trouble at the company's chief executive.
Ford losses as high as $30 billion, between 2006 and 2008 by the end of 2008, its share price to $1.01. Last year ford's net profit for 5.7 billion dollars, for the fourth consecutive year in black.
"We are committed to adjust executive compensation and the company's business performance, and try to management compensation and long-term shareholder value is an important part," ford spokesman jay library, he said.
Mulally 2012 salary will be revealed later this month. In 2011, Mr Mulally was paid $2 million in annual salary and a $5.5 million cash bonuses, in addition to the stock option and stock bonus.
2013 the stock options granted mulally's 745526 shares in the coming three years, will belong to more than two-thirds. Stock options, he can't earn any money, if the stock price is not more than $12.75.
Was awarded the restricted shares 909179 equity ZhouMu larry 2012 performance bonus, as well as increasing the prize, "ford said.
Incremental prize was awarded mulally succeeded in cutting platform (ford car chassis), this makes the car manufacturing more efficient lean part of the company.
The shares will not vest, until March 2015. 909179 shares about 45% will be used to pay taxes, ford said.
Another 7 million dollars worth of stock, in Monday's closing price, come to a decision, and in 2010 became totally belong to this week's 543734 shares in the form of shares. The real value of the shares, mulally selling them. Ford will pay taxes, as well as in the award of the rate of about 45%.
In addition, 8 (Tuesday), general motors (GM. N: prices) was awarded the restricted shares.
 



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