ADM (ADM) director James C. Collins Jr. credited 86.869 stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Collins James C. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 86.869 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 11,525.109 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 James C. Collins Jr. report?
ADM director James C. Collins Jr. reported receiving 86.869 stock units as a grant. These units were credited as dividend equivalent reinvestments under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors and are tied 1-for-1 to the company’s common stock.
How many ADM stock units does James C. Collins Jr. hold after this Form 4?
After the reported transaction, James C. Collins Jr. holds 11,525.109 stock units. This total reflects his accumulated stock units under Archer-Daniels-Midland’s nonemployee director plan, including the 86.869 units credited from dividend equivalent reinvestments.
What are the terms of the ADM stock units granted to James C. Collins Jr.?
The ADM stock units granted to James C. Collins Jr. convert into common stock on a 1-for-1 basis. They generally settle on the earlier of a five-year deferral period end or when he ceases to be a Board member, as described in the company’s director stock unit plan.
How is the number of ADM stock units in this Form 4 determined?
The 86.869 ADM stock units represent credits under a dividend equivalent reinvestment feature. When Archer-Daniels-Midland pays dividends, nonemployee directors receive additional stock units instead of cash for these amounts, accumulating over time within the Stock Unit Plan.