Archer-Daniels-Midland director adds 5.43 units
Archer-Daniels-Midland Co (ADM) director Michael C. McMurray reported an acquisition of 5.43 stock units on September 9, 2026 under the company’s Stock Unit Plan for Nonemployee Directors.
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Form Type
4
Rhea-AI Filing Summary
Archer-Daniels-Midland Co (ADM) director Michael C. McMurray reported an acquisition of 5.43 stock units on September 9, 2026 under the company’s Stock Unit Plan for Nonemployee Directors. These units were credited as dividend equivalent reinvestments and are convertible into common stock on a 1-for-1 basis, bringing his direct stock unit balance to 902.78 units.
Insider Trade Summary
Grant/Award: 5.43 shares
Grant/Award
1 txn
Insider
McMurray Michael C.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units F1, F2, F3 | 5.43 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Units — 902.78 contracts (Direct)
Holdings Before and After:
Stock Units, 897.35 to 902.78 contracts (Direct)
Footnotes (3)
- F1. Represents stock units credited under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors.
- F2. Conversion or exercise price of Derivative Security is 1-for-1.
- F3. The earlier of (i) the date five years after the end of the calendar year (a) that includes the calendar quarter for which any stock unit is awarded to the participant or (b) in which such stock unit is credited to the participant as a dividend equivalent or (ii) 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 acquired: 5.43 units
Stock units held after transaction: 902.78 units
Conversion ratio of Derivative Security: 1-for-1
+2 more
5 metrics
Stock units acquired
5.43 units
Grant/award acquisition on September 9, 2026 under nonemployee director stock unit plan
Stock units held after transaction
902.78 units
Direct holdings of stock units following September 9, 2026 transaction
Conversion ratio of Derivative Security
1-for-1
Each stock unit convertible into one share of common stock
Reported transaction price per stock unit
$0.00 per unit
Award of 5.43 stock units credited as dividend equivalent reinvestment
Maximum deferral period
5 years
Earlier of five years after year-end or board service end for settlement of units
Key Terms
stock units, dividend equivalent reinvestment, Derivative Security, Stock Unit Plan for Nonemployee Directors
4 terms
stock units financial
"Represents stock units credited under the dividend equivalent reinvestment provision"
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.
dividend equivalent reinvestment financial
"credited under the dividend equivalent reinvestment provision of the ... Stock Unit Plan"
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
"Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ADM director Michael C. McMurray report on this Form 4 for ADM?
He reported acquiring 5.43 stock units of Archer-Daniels-Midland Co on September 9, 2026 under the Stock Unit Plan for Nonemployee Directors as a dividend equivalent reinvestment.
How many ADM stock units does Michael C. McMurray hold after this transaction?
After the reported transaction, Michael C. McMurray holds 902.78 stock units directly under Archer-Daniels-Midland Co’s Stock Unit Plan for Nonemployee Directors.
What is the conversion ratio of the reported ADM stock units?
The filing states that the conversion or exercise price of the Derivative Security is 1-for-1, meaning each stock unit is convertible into one share of Archer-Daniels-Midland Co common stock.
Were the ADM stock units purchased on the market by Michael C. McMurray?
No. The 5.43 stock units were credited as dividend equivalents under Archer-Daniels-Midland Co’s Stock Unit Plan for Nonemployee Directors, with a reported price of $0.00 per unit.
When do the reported ADM stock units become payable or settle?
The units settle on the earlier of five years after the end of the calendar year in which the units are awarded or credited as dividend equivalents, or the date Michael C. McMurray ceases to be a member of the Board of Directors.
Is this ADM Form 4 transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not affirmed (set to false), and the footnotes describe the units as credited under the Stock Unit Plan for Nonemployee Directors, not as trades under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
