ADM director granted 34.459 stock units
McAtee David R II reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 34.459 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents stock units credited under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors.
- F2. Conversion or exercise price of Derivative Security is 1-for-1.
- F3. 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
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What insider transaction did ADM director David R. McAtee II report on this Form 4?
How many Archer-Daniels-Midland (ADM) stock units does the director hold after this transaction?
What is the nature of the 34.459 ADM stock units granted to the director?
Does the 34.459 ADM stock unit grant involve any cash transaction price?
How do the ADM stock units relate to common stock for this director award?
AI-generated analysis. How Rhea-AI works. Not financial advice.