March 7 (Bloomberg) -- Ford Motor Co. awarded Chief Executive Officer Alan Mulally $13.8 million in stock for the automaker’s performance last year when its profits grew in North America and sales picked up speed in China.
Ford also gave its top executive 613,747 stock options as part of an incentive plan for 2013, according to a filing yesterday with the U.S. Securities and Exchange Commission. Mulally is restricted from selling the 882,352 shares of stock until March 4, 2016. The options, with a strike price of $15.37, vest in thirds annually over the next three years.
The second-largest U.S. automaker earned $7.16 billion in 2013 and its shares climbed 19 percent, trailing a 30 percent jump for the Standard & Poor’s 500 Index and a 42 percent gain for General Motors Co.
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