MOORE PATRICK J 4
4 · Archer-Daniels-Midland Co · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
ADM Director Patrick J. Moore Receives 793 Stock Units
What Happened Patrick J. Moore, a member of the Board of Directors of Archer-Daniels-Midland Company (ADM), was granted 793.213 stock units on April 1, 2026. The award is a derivative security granted at $0.00 (no cash paid) and converts 1-for-1 into ADM common shares per the company's Stock Unit Plan for Nonemployee Directors. This is a compensation award for board service rather than a market purchase or sale.
Key Details
- Transaction date: 2026-04-01; filing date: 2026-04-02 (timely filing).
- Security/transaction type: Award/Grant of stock units (derivative), 793.213 units, $0.00 per unit.
- Conversion: Each stock unit converts 1-for-1 into common shares (Footnote F2).
- Vesting/settlement: Units convert or are settled per plan timing—generally the earlier of five years after the relevant calendar year quarter, the date credited as a dividend equivalent, or the date the director leaves the Board (Footnote F3).
- Plan: Granted under Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors (Footnote F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Filed Apr 2, 2026 for an Apr 1 transaction — appears timely (not a late filing).
Context Stock unit grants to nonemployee directors are routine compensation and do not by themselves indicate the director buying or selling stock in the open market. These units are derivative awards that will convert into shares per the plan's timing and conditions; they often include vesting/settlement rules tied to continued board service.
Insider Transaction Report
- Award
Stock Units
[F1][F2][F3]2026-04-01+793.213→ 100,370.43 totalExercise: $0.00→ Common Stock (793.213 underlying)
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.