ADM (NYSE: ADM) director Suzan F. Harrison credited 136.986 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harrison Suzan F. reported acquisition or exercise transactions in this Form 4 filing.
Archer-Daniels-Midland Co director Suzan F. Harrison received 136.986 stock units as a grant/award credited under the dividend equivalent reinvestment feature of the company’s Stock Unit Plan for Nonemployee Directors. Each unit is convertible into one share of common stock, bringing her direct holdings to 18,174.391 stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harrison Suzan F.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 136.986 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 18,174.391 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 Suzan F. Harrison report on this Form 4?
Suzan F. Harrison reported receiving 136.986 stock units in Archer-Daniels-Midland Co. These units were credited as dividend equivalents under the Stock Unit Plan for Nonemployee Directors, increasing her direct stock unit balance without an open-market trade.
Were Suzan F. Harrison’s ADM stock units an open-market purchase or a grant?
The ADM stock units were a grant, not an open-market purchase. They were credited as dividend equivalents under the company’s Stock Unit Plan for Nonemployee Directors, categorized as a grant, award, or other acquisition on the Form 4.
How many Archer-Daniels-Midland stock units does Suzan F. Harrison hold after this transaction?
After receiving 136.986 additional stock units, Suzan F. Harrison directly holds 18,174.391 stock units in Archer-Daniels-Midland Co. This total reflects accumulated units under the nonemployee directors’ stock unit plan as reported in the Form 4.
What does a 1-for-1 conversion of ADM stock units mean for Suzan F. Harrison?
A 1-for-1 conversion means each stock unit is convertible into one share of Archer-Daniels-Midland common stock. This link between units and shares directly ties the value of her stock units to the company’s common equity over time.
How were the ADM stock units credited to Suzan F. Harrison in this filing?
The stock units were credited under the dividend equivalent reinvestment provision of Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors. Dividends that would be paid on common shares instead generate additional stock units for the participating director.