Sandler Debra A. 4
4 · Archer-Daniels-Midland Co · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Archer-Daniels-Midland (ADM) Director Debra Sandler Receives Award
What Happened
Debra A. Sandler, a member of the Archer-Daniels-Midland Company (ADM) Board of Directors, received an award of 187.984 stock units on 2026-06-10. The transaction is reported as an award/acquisition (code A) of derivative securities at $0.00 per unit; the filing shows no immediate cash value. These are stock units (not regular shares) credited under the plan’s dividend-equivalent reinvestment provision.
Key Details
- Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (filed within the standard 2-business-day window).
- Award: 187.984 stock units; reported price $0.00 (derivative award).
- Conversion: Footnote indicates a 1-for-1 conversion/exercise ratio (each unit converts to one share).
- Vesting/settlement: Units are subject to the plan’s timing — generally the earlier of five years after the applicable year, the date credited as a dividend equivalent, or the director’s departure from the board (per plan rules).
- Shares owned after transaction: Not specified in the available filing.
- Remarks/POA: Filing references poasandler.txt (additional document available in the filing record).
Context
This is a routine director compensation award (derivative stock units credited as dividend equivalents), not an open-market purchase or sale. Such stock-unit awards are common for nonemployee directors and do not necessarily indicate a buy or sell signal; they represent future rights to receive shares per the plan’s conversion and vesting rules.
Insider Transaction Report
- Award
Stock Units
[F1][F2][F3]2026-06-10+187.984→ 29,591.298 totalExercise: $0.00→ Common Stock (187.984 underlying)
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 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.