ADM director granted 707 stock units
Archer-Daniels-Midland Co director David R. McAtee II received a grant of 706.994 stock units as compensation.
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Rhea-AI Filing Summary
Archer-Daniels-Midland Co director David R. McAtee II received a grant of 706.994 stock units as compensation. These stock units were awarded under Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors and are convertible into common stock on a 1-for-1 basis.
Following this grant, McAtee holds a total of 5,278.718 stock units directly. The units generally convert to common stock on the earlier of a plan-based deferral period or when he leaves the Board, consistent with the plan’s terms.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 706.994 | $0.00 | $0.00 |
Footnotes (3)
- F1. Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.
- F2. Conversion or exercise price of Derivative Security is 1-for-1.
- F3. 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.
Key Figures
Key Terms
Stock Units financial
Stock Unit Plan for Nonemployee Directors financial
dividend equivalent financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ADM director David R. McAtee II report on this Form 4 for ADM?
How many ADM stock units does David R. McAtee II hold after this transaction?
What is the nature of the 706.994 ADM stock units granted to McAtee?
When do the ADM stock units granted to McAtee generally become payable?
Are the ADM stock units granted to McAtee an open-market purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.