ADM (NYSE: ADM) director de Brabander credited new stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
de Brabander Ellen reported acquisition or exercise transactions in this Form 4 filing.
Archer-Daniels-Midland Co director Ellen de Brabander reported an automatic award of 71.818 stock units tied to dividend reinvestment under the company’s Stock Unit Plan for Nonemployee Directors. After this grant, she holds a total of 9,528.182 stock units, each convertible 1-for-1 into common stock under the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
de Brabander Ellen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 71.818 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 9,528.182 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 Ellen de Brabander report on this Form 4?
Ellen de Brabander reported receiving 71.818 stock units in Archer-Daniels-Midland Co. These units were credited automatically under the dividend equivalent reinvestment feature of ADM’s Stock Unit Plan for Nonemployee Directors, rather than through an open-market purchase or sale.
How many ADM stock units does Ellen de Brabander hold after the reported transaction?
After the transaction, Ellen de Brabander holds 9,528.182 stock units in Archer-Daniels-Midland Co. This total reflects the newly credited 71.818 stock units plus her prior balance under the company’s Stock Unit Plan for Nonemployee Directors.
What is the nature of the ADM stock units granted to Ellen de Brabander?
The reported security is stock units credited under ADM’s Stock Unit Plan for Nonemployee Directors. These stock units are derivative securities that track Archer-Daniels-Midland common stock and are awarded as part of nonemployee director compensation, rather than being purchased in the market.
How are Ellen de Brabander’s ADM stock units converted into common stock?
Each stock unit converts into Archer-Daniels-Midland common stock on a 1-for-1 basis. This conversion ratio is specified directly in the filing, meaning every stock unit represents the right to receive one share of ADM common stock when the units settle under plan terms.
When do the ADM stock units awarded to Ellen de Brabander become payable?
The stock units become payable on the earlier of two events: five years after the end of the calendar year that includes the relevant award or dividend credit quarter, or the date she ceases serving on ADM’s Board, subject to any extensions allowed under the plan.