Form 4: Archer-Daniels-Midland Co: Officer Christopher M. Cuddy Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior Vice President Christopher M. Cuddy reports disposition of ADM common stock to cover tax obligations related to equity awards.
Summary
- On March 20, 2024, Christopher M. Cuddy, a Senior Vice President at Archer-Daniels-Midland Co (ADM), reported changes in beneficial ownership of ADM common stock.
- Cuddy disposed of 2,318 shares at $52.7, 12,963 shares at $59.31, and 12,967 shares at $53.05.
- These transactions were related to the satisfaction of tax obligations.
- Following these transactions, Cuddy directly owns 313,348.0287 shares of ADM common stock and indirectly owns 2,345.232 shares through an employee benefit plan.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, and it doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of the reported transactions (disposal of shares). |
| 03/21/2024 | Date of signature by Attorney-In-Fact. |
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