Harrison Suzan F. 4
Research Summary
AI-generated summary
ADM Director Suzan F. Harrison Receives Stock Unit Award
What Happened Suzan F. Harrison, a member of Archer-Daniels-Midland Company’s Board of Directors, was credited with 136.986 stock units (derivative securities) on March 10, 2026. The units were reported as an award/grant (code A) at $0.00 per unit (reported value $0) because they represent dividend-equivalent stock units rather than a cash purchase. The units convert 1-for-1 into common shares per the plan terms when settled.
Key Details
- Transaction type & date: Award (A) of 136.986 stock units on 2026-03-10; Form 4 filed 2026-03-12.
- Price reported: $0.00 per unit (derivative award); total reported cash value $0.
- Conversion: 1-for-1 conversion to common shares (footnote F2).
- Settlement/vesting: Units settle at the earlier of five years after the relevant calendar year/quarter or when the director leaves the board, per the Stock Unit Plan for Nonemployee Directors (footnote F3).
- Origin: Units credited as dividend equivalents under the nonemployee directors’ Stock Unit Plan (footnote F1).
- Shares owned after transaction: Not disclosed in the filing.
- Timeliness: Filing appears timely (transaction 2026-03-10; Form 4 filed 2026-03-12).
Context These are dividend-equivalent stock units awarded to a nonemployee director as part of routine director compensation, not a market purchase or sale. They represent a future entitlement to shares subject to the plan’s settlement rules and do not by themselves indicate buying or selling sentiment.