ADM (ADM) nonemployee director receives 829 stock units as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burke Michael S reported acquisition or exercise transactions in this Form 4 filing.
Archer-Daniels-Midland Co director Michael S. Burke reported an automatic compensation-related award of stock units. He received 829.296 stock units as a grant under Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors, bringing his total stock unit holdings to 20,023.012, on a 1-for-1 basis into common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burke Michael S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 829.296 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 20,023.012 shares (Direct, null)
Footnotes (1)
- Granted pursuant to Archer-Daniels-Midland Company's 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.
Key Figures
Stock units granted: 829.296 stock units
Total stock units after transaction: 20,023.012 stock units
Conversion ratio: 1-for-1 into common stock
+1 more
4 metrics
Stock units granted
829.296 stock units
Award to nonemployee director on 2026-07-01
Total stock units after transaction
20,023.012 stock units
Holdings following reported grant
Conversion ratio
1-for-1 into common stock
Conversion or exercise price of derivative security
Transaction price per unit
0.0000
Compensation grant, not market purchase
Key Terms
Stock Units, Stock Unit Plan for Nonemployee Directors, Derivative Security, dividend equivalent
4 terms
Stock Units financial
"Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
Stock Unit Plan for Nonemployee Directors financial
"Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors."
Derivative Security financial
"Conversion or exercise price of Derivative Security is 1-for-1."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
dividend equivalent financial
"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"
A dividend equivalent is a payment someone receives that matches the cash dividends paid on a stock, even though they don’t actually hold the shares. It often shows up in stock-based pay or certain derivatives, and matters to investors because it preserves the income value and alters the after-tax return and timing of payouts — think of it like getting a paycheck for the dividends you would have earned if you owned the stock directly.
FAQ
What insider transaction did ADM director Michael S. Burke report?
Michael S. Burke reported receiving 829.296 stock units as a grant under Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors. The award is a form of equity compensation, not an open-market purchase or sale of ADM common stock.
How many ADM stock units does Michael S. Burke hold after this Form 4?
After this award, Michael S. Burke holds a total of 20,023.012 stock units. These stock units are tied to ADM common stock on a 1-for-1 basis, reflecting his accumulated equity-based compensation as a nonemployee director.
What does the 1-for-1 conversion of ADM stock units mean?
The filing states the derivative security has a 1-for-1 conversion into ADM common stock. This means each stock unit corresponds to one share of common stock when the units are ultimately settled, aligning the director’s interests with shareholders.
Under what plan were ADM stock units granted to Michael S. Burke?
The stock units were granted under Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors. This plan provides equity-based awards to outside board members as part of their compensation, instead of cash-only fees.
When are Michael S. Burke’s ADM stock units expected to be settled?
The stock units are payable on the earlier of five years after the end of the calendar year in which the units are awarded or credited as dividend equivalents, or the date he ceases to be a board member, subject to plan terms.