Ford Motor Co (F) Chief Executive Alan Mulally was awarded performance bonuses worth $13.8 million for 2013, the No. 2 U.S. automaker disclosed to U.S. regulators on Thursday.
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The amount Mulally makes from the restricted stock he received depends on its value on the day he sells it. The shares were worth $13.83 million based on Thursday's closing price of $15.67.
Mulally now owns Ford common stock worth $96.9 million at Thursday's closing price.
His 2013 restricted stock award is 882,352 shares that convert to common stock on March 4, 2016, according to a Ford filing with the U.S. Securities and Exchange Commission.
(Reporting by Bernie Woodall; Editing by Steve Orlofsky)