2023-2025 Performance Stock Unit Award Metrics under 2018 Long-Term Incentive Plan
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Summary
This document outlines the criteria for awarding Performance Stock Units (PSUs) to participants, including executive officers, under Ford's 2018 Long-Term Incentive Plan. The PSUs are granted as a target opportunity for the 2023-2025 period, with the final award determined by the Compensation, Talent and Culture Committee based on Ford's Total Shareholder Return compared to a peer group. The final payout can range from 0% to 200% of the target, depending on performance over the three-year period.
EX-10.2 8 f03312023exhibit102.htm EX-10.2 Document
Exhibit 10.2
Performance Stock Unit Award Metrics for 2023
On February 8, 2023, the Compensation, Talent and Culture Committee of the Board of Directors of the Company approved the specific criteria to be used for purposes of determining any future stock unit ("PSU") final awards for the 2023-2025 performance period for participants, including executive officers, under the Company’s shareholder-approved 2018 Long-Term Incentive Plan (filed as Exhibit 4.1 to Registration Statement No. 333-226348).
A PSU grant is a target opportunity with a three-year performance period (2023-2025), after which the Compensation, Talent and Culture Committee will determine the final award, which could range between 0% and 200% of the target opportunity, based on the relative Total Shareholder Return of Ford’s common stock compared to a peer group of companies over the three-year performance period.
