ADM (NYSE: ADM) awards 827.7 stock units to director Michael Burke
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 received 827.7 stock units as a grant 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. Following this award, Burke directly holds 19,071.783 stock units, which are generally payable after his board service or a deferred period defined by the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burke Michael S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 827.7 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 19,071.783 shares (Direct)
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: 827.7 units
Holdings after grant: 19,071.783 units
Conversion ratio: 1-for-1
+1 more
4 metrics
Stock units granted
827.7 units
Grant to director Michael S. Burke on 2026-04-01
Holdings after grant
19,071.783 units
Total stock units directly held by Burke after transaction
Conversion ratio
1-for-1
Each stock unit converts into one share of common stock
Transaction price per unit
$0.0000
Compensation grant, not an open-market purchase
Key Terms
Stock Units, Stock Unit Plan for Nonemployee Directors, Derivative Security, dividend equivalent, +1 more
5 terms
Stock Units financial
"security_title: "Stock Units" and underlying_security_title: "Common Stock""
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.
Board of Directors financial
"or the date the participant ceases to be a member of the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did ADM director Michael S. Burke report in this Form 4 filing for ADM?
Michael S. Burke reported receiving 827.7 stock units of Archer-Daniels-Midland Co as a grant. These units are awarded under the Stock Unit Plan for Nonemployee Directors and convert into common stock on a 1-for-1 basis according to the plan’s terms.
How many ADM stock units does Michael S. Burke hold after this reported grant?
After this grant, Michael S. Burke directly holds 19,071.783 stock units of Archer-Daniels-Midland Co. This total reflects his updated position in the company’s stock unit program for nonemployee directors based on the information reported in the Form 4 filing.
What type of transaction is reported for ADM in Michael S. Burke’s Form 4?
The Form 4 reports an acquisition of derivative securities classified as stock units for ADM. The transaction is coded as a grant or award (code A), meaning it represents compensation rather than an open-market purchase or sale of Archer-Daniels-Midland common shares.
How do the ADM stock units granted to Michael S. Burke convert into common stock?
The granted Archer-Daniels-Midland stock units convert into common stock on a 1-for-1 basis. This means each stock unit corresponds to one share of ADM common stock when paid out under the Stock Unit Plan for Nonemployee Directors’ specified timing and service conditions.
When are the ADM stock units granted to Michael S. Burke scheduled to be paid out?
The stock units are generally payable at the earlier of five years after the end of the calendar year for the award or when Burke ceases serving on the Board. These timing rules come from Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors as described in the footnotes.