Archer-Daniels-Midland (ADM) director credited dividend stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CREWS TERRELL K reported acquisition or exercise transactions in this Form 4 filing.
Archer-Daniels-Midland director Terrell K. Crews received 496.909 stock units credited as dividend equivalents under the company’s Stock Unit Plan for Nonemployee Directors. These stock units are convertible into an equal number of common shares on a 1-for-1 basis, bringing his total to 65,926.660 stock units held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CREWS TERRELL K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 496.909 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 65,926.66 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 did ADM director Terrell K. Crews report on the latest Form 4?
Terrell K. Crews reported an acquisition of stock units, not an open-market trade. He received 496.909 stock units credited as dividend equivalents under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors, increasing his directly held stock unit balance to 65,926.660.
How many Archer-Daniels-Midland (ADM) stock units were granted to Terrell K. Crews?
He was credited with 496.909 stock units. These units arose from dividend equivalent reinvestments under ADM’s Stock Unit Plan for Nonemployee Directors and correspond to 496.909 underlying shares of common stock on a 1-for-1 conversion basis, according to the filing’s derivative security terms.
Are Terrell K. Crews’ ADM stock unit transactions open-market purchases or compensation-related?
The reported transaction is compensation-related, not an open-market purchase. The filing identifies the code as a grant or award acquisition, and footnotes explain the 496.909 stock units were credited through dividend equivalent reinvestment in ADM’s Stock Unit Plan for Nonemployee Directors.
How many ADM stock units does Terrell K. Crews hold after this Form 4 transaction?
After the transaction, he holds 65,926.660 stock units directly. This total includes the 496.909 stock units just credited as dividend equivalents, as reported in the Form 4, and each unit represents a right tied to one share of Archer-Daniels-Midland common stock.
When can Terrell K. Crews’ ADM stock units be settled into common stock?
The stock units settle based on timing conditions in ADM’s nonemployee director plan. Footnotes state settlement occurs on the earlier of a five-year schedule tied to award or crediting dates, or when the director leaves the board, subject to possible extensions under plan terms.
What is the conversion rate of Terrell K. Crews’ ADM stock units into common stock?
Each stock unit converts into one share of ADM common stock. A footnote specifies a 1-for-1 conversion or exercise price on the derivative security, so the 496.909 newly credited stock units correspond to 496.909 potential shares if and when they are settled under plan rules.