de Brabander Ellen 4
Research Summary
AI-generated summary
ADM Director Ellen de Brabander Receives 716 Stock Unit Award
What Happened
Ellen de Brabander, a director of Archer-Daniels-Midland Company (ADM), was granted 715.519 stock units on 2026-07-01 as a derivative award under ADM’s Stock Unit Plan for Nonemployee Directors. The units were granted at a $0.00 per-unit acquisition price (a compensatory award, not a cash purchase) and are reported as derivative securities convertible 1-for-1 into common shares.
Key Details
- Transaction date: 2026-07-01; filing date: 2026-07-02 (Form 4 accession 0001225208-26-006415) — appears to be filed timely.
- Award: 715.519 stock units; reported acquisition price $0.00; derivative conversion is 1-for-1 into ADM common shares (Footnotes F1–F2).
- Vesting/settlement: Units are subject to the plan’s timing provisions — generally settled by the earlier of five years after the applicable calendar year/quarter, when credited as dividend equivalents, or upon cessation of board service (may be extended per plan) (Footnote F3).
- Shares owned after transaction: not specified in this filing.
- Nature: Compensatory grant to a nonemployee director (routine director compensation), not an open-market purchase or sale.
Context
This is a standard director compensation award (stock units) rather than a market buy or sale. Derivative stock units typically convert to shares per the plan’s rules when settled and may carry tax consequences at that time. Such grants are common for nonemployee directors and should be read as routine compensation, not a direct market signal of buying or selling activity.