Ford closes three executive retirement plans to new participants effective March 14, 2024

FORD MOTOR CO

Defined Benefit SERP, Executive Separation Allowance Plan, and Select Retirement Plan amended and restated; closed to new entrants.
Plans cover U.S. payroll executives at Leadership Level 4 and above; existing participants' accrued benefits remain unchanged.
Change reduces future supplemental pension liabilities and aligns with industry shift away from executive defined-benefit plans.
Effective date is March 14, 2024; amended plan documents filed as Exhibits 10.1, 10.2, and 10.3.

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