Archer-Daniels-Midland (NYSE: ADM) director gains 750.543 units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archer-Daniels-Midland Company director Patrick J. Moore acquired 750.543 stock units on Common Stock equivalents as a grant under the company’s Stock Unit Plan for Nonemployee Directors. These units were credited through the plan’s dividend equivalent reinvestment feature and carry a 1-for-1 conversion into Common Stock.
Following this award, Moore holds a total of 99,577.217 stock units directly. Under the plan, these stock units are generally settled in shares on the earlier of a specified five-year period after crediting or when he ceases to serve on the Board, as provided by the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MOORE PATRICK J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 750.543 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 99,577.217 shares (Direct)
Footnotes (1)
- Represents stock units credited under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors. Conversion or exercise price of Derivative Security is 1-for-1. The earlier of the date five years after the end of the calendar year that includes the calendar quarter for which any stock unit is awarded to the participant, or in which such stock unit is credited to the participant as a dividend equivalent, or the date the participant ceases to be a member of the Board of Directors, in each case as may be extended pursuant to the terms of the Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.
FAQ
What insider transaction did ADM director Patrick J. Moore report on this Form 4?
ADM director Patrick J. Moore reported acquiring 750.543 stock units tied to Common Stock. These were credited as a grant under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors through its dividend equivalent reinvestment feature.
How many ADM stock units does Patrick J. Moore hold after this transaction?
After this transaction, Patrick J. Moore holds 99,577.217 stock units directly. These units are linked to Archer-Daniels-Midland Common Stock on a 1-for-1 basis under the company’s Stock Unit Plan for Nonemployee Directors, subject to the plan’s settlement terms.
What is the nature of the 750.543 ADM stock units granted to Patrick J. Moore?
The 750.543 stock units represent dividend equivalent reinvestments under ADM’s Stock Unit Plan for Nonemployee Directors. Each unit corresponds to one share of Common Stock, credited instead of cash dividends, and will be settled in shares according to the plan’s distribution schedule.
Did Patrick J. Moore pay cash for the 750.543 ADM stock units reported?
No cash was paid for these 750.543 stock units; the per-unit price is reported as 0.0000. They were credited as a grant through dividend equivalent reinvestment under ADM’s Stock Unit Plan for Nonemployee Directors rather than purchased in the open market.