[Form 4] Archer-Daniels-Midland Co Insider Trading Activity

Rhea-AI Filing Summary

Schlitz Lei Zhang, a director of Archer-Daniels-Midland Company (ADM), was granted 160.626 stock units on 09/10/2025 under the company's Stock Unit Plan for Nonemployee Directors. The derivative securities convert 1-for-1 into common stock and are exercisable on the earlier of five years after the relevant award period or the director's cessation on the board, subject to plan terms. Following this grant, the reporting person beneficially owns 19,343.167 shares (direct ownership). The Form 4 was filed by one reporting person and signed by an attorney-in-fact.

Positive

• Director award disclosed: 160.626 stock units granted under the Stock Unit Plan for Nonemployee Directors
• Clear conversion terms: derivative securities convert 1-for-1 into common stock as stated
• Post-grant ownership reported: beneficial ownership shown as 19,343.167 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 160.626 stock units, modestly increasing reported beneficial ownership to 19,343.167 shares.

The filing documents a routine director equity award under ADM's nonemployee director plan. The units convert 1-for-1 into common shares and carry a multi-year vesting/exercise timing tied to board service or a five-year maximum, as described. This disclosure is procedural and typical for director compensation; it increases reported beneficial ownership by the stated amount but does not disclose cash consideration or immediate share issuance.

Corporate Governance Expert

TL;DR: This is a standard nonemployee director stock unit grant with specified conversion and timing provisions.

The Form 4 specifies the award source (Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors) and the conversion mechanics (1-for-1). The instrument's exercisability is governed by the plan's timing rules. The filing follows Section 16 reporting requirements and was executed by an attorney-in-fact. No departures from customary director compensation or extraordinary terms are disclosed.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schlitz Lei Zhang

(Last) (First) (Middle)

77 WEST WACKER DRIVE

SUITE 4600

(Street)

CHICAGO IL 60601

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Archer-Daniels-Midland Co [ ADM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Units(1)	$0.0000(2)	09/10/2025		A		160.626		(3)	(3)	Common Stock	160.626	$0.0000	19,343.167	D

Explanation of Responses:

1. Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.

2. Conversion or exercise price of Derivative Security is 1-for-1.

3. 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.

	Dana Ng, Attorney-in-Fact	09/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ADM director Schlitz Lei Zhang receive on 09/10/2025?

The director was granted 160.626 stock units under ADM's Stock Unit Plan for Nonemployee Directors.

How do the granted stock units convert into ADM common stock?

The Form 4 states the derivative securities have a 1-for-1 conversion into common stock.

What is Schlitz Lei Zhang's reported beneficial ownership after the grant?

The filing reports 19,343.167 shares beneficially owned following the reported transaction.

What are the exercisability or timing conditions for the awarded units?

They become exercisable on the earlier of five years after the award period or the date the participant ceases to be a board member, per the plan terms.

Who signed the Form 4 for this filing?

The Form 4 was signed by Dana Ng, Attorney-in-Fact on 09/10/2025.