ADM director awarded 86.869 stock units
Archer-Daniels-Midland Co director James C. Collins Jr. received 86.869 stock units as a grant under the company’s Stock Unit Plan for Nonemployee Directors.
Rhea-AI Filing Summary
Archer-Daniels-Midland Co director James C. Collins Jr. received 86.869 stock units as a grant under the company’s Stock Unit Plan for Nonemployee Directors. These units were credited as dividend equivalent reinvestments and are economically tied 1-for-1 to Archer-Daniels-Midland common stock.
After this award, Collins directly holds a total of 11,525.109 stock units. These stock units are designed to convert into an equivalent number of common shares at a future date, generally tied to either the end of a specified deferral period or when he leaves the Board.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 86.869 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents stock units credited under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company 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.
FAQ
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What insider transaction did ADM director James C. Collins Jr. report?
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