McAtee David R II 4
Research Summary
AI-generated summary
ADM Director David McAtee Receives 34.459 Stock Units
What Happened David R. McAtee II, a director of Archer-Daniels-Midland Company (ADM), was credited with 34.459 stock units on 2026-03-10. The units were granted at $0.00 (reported value $0) as dividend equivalents under ADM’s Stock Unit Plan for Nonemployee Directors — a compensation/award transaction, not a cash purchase.
Key Details
- Transaction type/date: Award of stock units (A) on 2026-03-10; Form 4 filed 2026-03-12.
- Quantity/price: 34.459 stock units credited at $0.00 (reported value $0).
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Units represent stock units credited under the dividend equivalent reinvestment provision of the nonemployee director plan.
- F2: Conversion/exercise ratio is 1-for-1 (one stock unit converts to one share).
- F3: Conversion/settlement timing: generally the earlier of five years after the applicable award period or when the director leaves the Board, subject to plan terms.
- Filing timeliness: Form filed March 12, 2026 for a March 10, 2026 transaction; no late-filing indication in the report.
Context These stock units are a form of director compensation (dividend equivalents) and are treated as derivative awards that can convert 1-for-1 into ADM shares after the specified deferral/holding conditions. Such awards are routine for nonemployee directors and are not an open-market purchase or sale that directly signals trading intent.