Ford (F) CEO, Chairman Awarded $98.9 Million in Shares

Ford Motor (NYSE:F) CEO Alan Mulally and executive chairman Bill Ford Jr. were rewarded with a combined $98.9 million in shares of the automaker after generating the largest profits at the company in over ten years.

Alan Mulally was rewarded with $56.5m of shares while Ford was given shares valued at $42.4 million.

Mulally received 3.8 million shares valued at $14.76 each on Thursday, according to the filing. But the company held back 1.56 million shares worth $23 million to pay taxes on the stock award, giving Mulally a net award worth close to $33.4 million.

Bill Ford was given 2.87 million shares valued at $14.76 each, and the company held back 1.17 million shares to pay $17.3 million in taxes, giving him a net stock award valued at $25 million.

Ford closed at $14.47, gaining $0.46, or 3.28 percent.