This excerpt taken from the F 10-K filed Mar 10, 2005.
What is Restricted Stock?
Shares of Restricted Stock are actual shares of Ford Common Stock that are subject to restrictions on the sale and transfer of the stock for a certain period of time. In the case of your grant, the restriction period is XXX years from the date of grant. The stock will be registered in your name and held in a book entry account at EquiServe, the Companys transfer agent. You will have all rights and privileges of a stockholder during the restriction period, including the right to vote the Restricted Stock and the right to receive dividends. The Restricted Stock cannot be sold, transferred, assigned, pledged, or otherwise encumbered during the restriction period.