ADM (NYSE: ADM) director receives 34.459 stock units via dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McAtee David R II reported acquisition or exercise transactions in this Form 4 filing.
Archer-Daniels-Midland Co director David R. McAtee II received a grant of 34.459 stock units tied to Archer-Daniels-Midland common stock. These units were credited under the dividend equivalent reinvestment feature of the company’s Stock Unit Plan for Nonemployee Directors and increase his direct holdings to 4,571.724 stock units. Each unit is convertible into one share of common stock, generally payable upon the earlier of a defined future date or when he leaves the board, consistent with the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McAtee David R II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 34.459 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 4,571.724 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 David R. McAtee II report on this Form 4?
ADM director David R. McAtee II reported receiving 34.459 stock units. These units were credited as dividend equivalents under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors, increasing his direct stock unit balance to 4,571.724 units linked to ADM common shares.
How many Archer-Daniels-Midland (ADM) stock units does the director hold after this transaction?
After the transaction, David R. McAtee II holds 4,571.724 stock units. These represent deferred rights linked one-for-one to ADM common stock, accumulated through awards and dividend equivalent reinvestments under the company’s stock unit plan for nonemployee directors.
What is the nature of the 34.459 ADM stock units granted to the director?
The 34.459 stock units represent dividend equivalent reinvestments under ADM’s Stock Unit Plan for Nonemployee Directors. Instead of receiving cash dividends, the director was credited additional stock units that track ADM common stock on a one-for-one conversion basis under the plan’s terms.
Does the 34.459 ADM stock unit grant involve any cash transaction price?
The 34.459 stock units were recorded at a transaction price of $0.0000 per unit. This reflects a compensation-related award credited as dividend equivalents under ADM’s nonemployee director stock unit plan, rather than an open-market purchase for cash consideration.
How do the ADM stock units relate to common stock for this director award?
Each stock unit is convertible into one share of ADM common stock at settlement. The Form 4 notes a 1-for-1 conversion or exercise price, meaning 34.459 stock units correspond to 34.459 underlying ADM common shares when ultimately delivered.