SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

BRIEF-Ford Says Compensation Committee Approved An Adjustment Used To Calculate Employees Awards

· 02/04/2021 16:50
BRIEF-Ford Says Compensation Committee Approved An Adjustment Used To Calculate Employees Awards

- Ford Motor Co F.N:

  • FORD - COMPENSATION COMMITTEE APPROVED ADJUSTMENT, APPLICABLE ONLY FOR 2020, TO “BUSINESS PERFORMANCE FACTOR” USED TO CALCULATE AWARDS FOR EMPLOYEES

  • FORD - COMMITTEE APPROVED USE OF A BPF OF 50% TO CREATE A SUPPLEMENTAL BUDGET FOR CALCULATING AICP AWARDS FOR 2020 PERFORMANCE

  • FORD - EMPLOYEES OTHER THAN CORPORATE OFFICERS WILL RECEIVE THEIR AICP AWARDS IN CASH

  • FORD - IN VIEW OF PANDEMIC'S IMPACT, RESPONSE OF WORKFORCE, COMPENSATION COMMITTEE CONSIDERED IT APPROPRIATE TO REWARD 2020 AICP-ELIGIBLE EMPLOYEES

  • FORD - COMPENSATION COMMITTEE DETERMINED TO AWARD CORPORATE OFFICERS WITH TIME-BASED RSU'S IN LIEU OF AN ADJUSTMENT TO THEIR CASH BONUS UNDER 2020 AICP

Source text: https://bit.ly/3tvkVhh

Further company coverage: F.N


((Reuters.Briefs@thomsonreuters.com;))