ADM director granted 793 stock units
Archer-Daniels-Midland director Kelvin R. Westbrook received a grant of 793.213 stock units as board compensation.
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Form Type
4
Rhea-AI Filing Summary
Archer-Daniels-Midland director Kelvin R. Westbrook received a grant of 793.213 stock units as board compensation. These stock units are awarded under the company’s Stock Unit Plan for Nonemployee Directors and convert into common stock on a 1-for-1 basis.
The units are deferred and generally settle on the earlier of five years after the calendar year of the award or when he leaves the Board, as described in the plan. Following this grant, Westbrook directly holds a total of 34,474.630 stock units.
Insider Trade Summary
Grant/Award: 793.213 shares
Grant/Award
1 txn
Insider
WESTBROOK KELVIN R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 793.213 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Units — 34,474.63 contracts (Direct)
Footnotes (3)
- F1. Granted pursuant to Archer-Daniels-Midland Company's 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.
Key Figures
Stock units granted: 793.213 units
Total stock units after grant: 34,474.630 units
Conversion ratio: 1-for-1
3 metrics
Stock units granted
793.213 units
Grant to nonemployee director Kelvin R. Westbrook
Total stock units after grant
34,474.630 units
Direct holdings following reported transaction
Conversion ratio
1-for-1
Each stock unit converts into one share of common stock
Key Terms
Stock Units, Derivative Security, Stock Unit Plan for Nonemployee Directors
3 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.
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.
Stock Unit Plan for Nonemployee Directors financial
"Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ADM director Kelvin R. Westbrook report on this Form 4 for ADM?
Kelvin R. Westbrook reported receiving 793.213 stock units of Archer-Daniels-Midland as a grant. These units are part of the Stock Unit Plan for Nonemployee Directors and are payable in ADM common stock on a deferred basis under the plan’s terms.
How many Archer-Daniels-Midland (ADM) stock units were granted to Kelvin R. Westbrook?
He was granted 793.213 stock units of Archer-Daniels-Midland. Each stock unit represents a right to receive one share of ADM common stock in the future, subject to the deferral and payout rules in the company’s Stock Unit Plan for Nonemployee Directors.
What is Kelvin R. Westbrook’s total ADM stock unit balance after this grant?
After this grant, Kelvin R. Westbrook holds 34,474.630 stock units in Archer-Daniels-Midland. This figure reflects his direct holdings of deferred stock units reported in the filing, all tied to compensation as a nonemployee member of the Board of Directors.
How are the ADM stock units granted to Kelvin R. Westbrook converted into common stock?
The stock units convert into Archer-Daniels-Midland common stock at a 1-for-1 rate. This means each unit becomes one share of common stock when paid out, following the schedule and conditions set by the Stock Unit Plan for Nonemployee Directors.
When will Kelvin R. Westbrook’s ADM stock units generally be paid out?
The stock units are generally payable on the earlier of five years after the end of the calendar year in which the units are awarded or when he ceases to be a director. The plan also allows certain extensions under its specific terms.
Is Kelvin R. Westbrook’s ADM Form 4 transaction a market purchase or sale?
No, the Form 4 shows a compensation-related grant of stock units, coded as an acquisition (A). It is not an open-market purchase or sale, but an award under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors, with no cash price per unit reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
