Form 4: Archer-Daniels-Midland Director Acquires Stock Units

Director Terrell K. Crews acquired 535.064 stock units in Archer-Daniels-Midland Co. on December 12, 2024, under the company's Stock Unit Plan for Nonemployee Directors.

Summary

• Terrell K. Crews, a director at Archer-Daniels-Midland Co. (ADM), acquired 535.064 stock units on December 12, 2024.
• These stock units were granted under ADM's Stock Unit Plan for Nonemployee Directors.
• The conversion price of each stock unit is 1-for-1, meaning each unit can be converted into one share of common stock.
• Following this transaction, Crews directly owns 57,155.262 stock units.
• The stock units will vest on the earlier of five years after the end of the calendar year of the award or when the director ceases to be a board member.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of stock units by a director demonstrates alignment of interests with shareholders.
• The stock unit plan is designed to incentivize directors.

Future Outlook

The stock units will vest on the earlier of five years after the end of the calendar year of the award or when the director ceases to be a board member.

Industry Context

This is a standard practice for compensating non-employee directors in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Stock unit grants are a common form of compensation for non-employee directors in publicly traded companies.
• Many companies use similar stock unit plans to align director interests with shareholder value.
• The vesting schedule of five years or upon leaving the board is also a typical practice.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

stock units, director, Archer-Daniels-Midland, ADM, beneficial ownership, nonemployee directors, equity