CREWS TERRELL K 4
Research Summary
AI-generated summary
ADM Director Terrell K. Crews Receives Stock Unit Award
What Happened
- Terrell K. Crews, a member of the Board of Directors of Archer-Daniels-Midland Company (ADM), was credited with 496.909 stock units on March 10, 2026. The units were recorded as a derivative award at $0.00 per unit (i.e., no cash purchase); they are stock units credited under ADM’s Stock Unit Plan for Nonemployee Directors.
Key Details
- Transaction date: 2026-03-10; Transaction type/code: Award (A).
- Amount: 496.909 stock units; reported acquisition price: $0.00 (derivative security).
- Conversion: units convert 1-for-1 to ADM common shares per the filing (F2).
- Vesting/settlement: units convert/settle at the earlier of five years after the end of the calendar year including the quarter of the award or upon leaving the Board, subject to plan terms (F3).
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Form 4 filed 2026-03-12 for a 2026-03-10 transaction — no late filing indicated.
Context
- These are dividend-equivalent stock units credited to a nonemployee director under ADM’s director compensation plan (F1). They are not an open-market purchase or sale and do not represent immediate cash proceeds; conversion to actual shares occurs per the plan’s timing rules. Such grants are routine for nonemployee directors and are typically part of standard compensation.