Archer-Daniels-Midland Form 4: Director award increases stake to 62,718.304
Rhea-AI Filing Summary
Archer-Daniels-Midland Co (ADM) director Terrell K. Crews received a nonemployee director stock-unit award on 09/10/2025. The Form 4 reports a grant of 520.819 stock units under the company's Stock Unit Plan for Nonemployee Directors, convertible 1-for-1 into common shares with no cash exercise price. After the reported transaction, Mr. Crews is shown as beneficially owning 62,718.304 shares directly. The award's settlement/expiration is governed by the plan and is the earlier of specified multi-year or termination conditions described in the filing. The form was signed by an attorney-in-fact on 09/10/2025.
Positive
- Grant recorded under company plan: The award is explicitly granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.
- Increases reported direct ownership: Beneficial ownership following the transaction is reported as 62,718.304 shares.
Negative
- None.
Insights
TL;DR: A routine director equity award increased direct holdings to 62,718.304 shares; no cash outlay and conversion is 1-for-1.
The filing documents a nonemployee director grant of 520.819 stock units under ADM's director plan, convertible into common stock at no cash cost. This is a compensatory grant, not a secondary-market purchase or sale. The post-transaction beneficial ownership reported is 62,718.304 shares, which is a clear quantitative update to the director's stake. There are no disclosed sales, purchases, or other transactions affecting outstanding shares in this filing.
TL;DR: Compensation disclosure is standard for nonemployee directors and follows the company stock unit plan rules.
The Form 4 indicates the award was granted pursuant to ADM's Stock Unit Plan for Nonemployee Directors and specifies the plan-based vesting/settlement timing rules. The filing is procedural and consistent with director compensation disclosures; it updates beneficial ownership and specifies plan-defined timing for conversion or settlement. No governance concerns or departures from standard disclosure practices are apparent from the text provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 520.819 | $0.00 | -- |
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.