Archer-Daniels-Midland (ADM) director granted 746.777 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archer-Daniels-Midland Co director Kelvin R. Westbrook received a grant of 746.777 stock units as board compensation. These stock units were granted under the company’s Stock Unit Plan for Nonemployee Directors and convert into common stock on a 1-for-1 basis.
The units are generally payable on the earlier of five years after the end of the calendar year in which they are awarded or when he leaves the Board, as described in the plan. Following this award, Westbrook holds a total of 35,441.818 stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WESTBROOK KELVIN R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 746.777 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 35,441.818 shares (Direct, null)
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.
Key Figures
Stock units granted: 746.777 stock units
Total stock units after grant: 35,441.818 stock units
Conversion ratio: 1-for-1 into common stock
3 metrics
Stock units granted
746.777 stock units
Grant to nonemployee director on 2026-07-01
Total stock units after grant
35,441.818 stock units
Holdings of Kelvin R. Westbrook following transaction
Conversion ratio
1-for-1 into common stock
Conversion or exercise price of derivative security
Key Terms
Stock Units, Stock Unit Plan for Nonemployee Directors, Derivative Security, dividend equivalent, +1 more
5 terms
Stock Units financial
"Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
Stock Unit Plan for Nonemployee Directors financial
"Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors."
Derivative Security financial
"Conversion or exercise price of Derivative Security is 1-for-1."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
dividend equivalent financial
"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"
A dividend equivalent is a payment someone receives that matches the cash dividends paid on a stock, even though they don’t actually hold the shares. It often shows up in stock-based pay or certain derivatives, and matters to investors because it preserves the income value and alters the after-tax return and timing of payouts — think of it like getting a paycheck for the dividends you would have earned if you owned the stock directly.
Board of Directors financial
"or the date the participant ceases to be a member of the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did ADM director Kelvin R. Westbrook report?
Kelvin R. Westbrook reported receiving 746.777 stock units from Archer-Daniels-Midland as a compensation grant. These units are part of a nonemployee director stock unit plan and represent deferred equity that will convert into common shares in the future.
What type of security did Kelvin R. Westbrook acquire in ADM?
He acquired 746.777 stock units classified as a derivative security tied to Archer-Daniels-Midland common stock. Each stock unit represents a right to receive one share of common stock under the company’s Stock Unit Plan for Nonemployee Directors.
When will Kelvin R. Westbrook’s ADM stock units generally be paid out?
The stock units are generally paid on the earlier of five years after the end of the calendar year in which they are awarded or the date he ceases to be a Board member, subject to the specific provisions of the nonemployee director stock unit plan.
How many ADM stock units does Kelvin R. Westbrook hold after this grant?
After receiving the 746.777 stock unit grant, Kelvin R. Westbrook holds a total of 35,441.818 stock units. This total reflects his accumulated deferred equity-based compensation as a nonemployee director under Archer-Daniels-Midland’s stock unit plan.
Is the ADM Form 4 transaction an open-market buy or a compensation grant?
The transaction is a compensation-related grant, not an open-market purchase. It is coded as an “A” transaction, described as a grant, award, or other acquisition of 746.777 stock units under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors.