Ford CEO exercises option, buys 1.5 million shares


NEW YORK, March 24 (Reuters) - Ford Motor Co. Chairman and Chief Executive Bill Ford Jr. bought 1.5 million company shares for $14.7 million after exercising some stock options, a company spokesman said on Thursday. "The income for the transaction was $2 million," Oscar Suris said. "He is holding onto the shares." Ford, who used personal funds to pay for the shares in his purchase on Wednesday, sold from several groups of stock options that he had accrued over the last few years, Suris ...

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