ADM CEO (NYSE: ADM) reports stock award and tax share disposals in Form 4

Rhea-AI Filing Summary

Archer-Daniels-Midland President & CEO Juan R. Luciano reported equity compensation and related tax share transactions in company stock. On February 4, 2026, he acquired 81,825 shares of Common Stock at $0.0000, reflecting performance share units certified as earned by the compensation committee.

On February 9, 2026, he had 12,842 shares and 36,249 shares of Common Stock withheld or disposed of under code "F" at $66.33 per share, typically indicating shares used to cover taxes. After these transactions, he directly held 591,197 Common shares, with additional indirect holdings of 238 shares through a Family LLC, 238,370 shares through an Irrevocable Trust, and 1,254,419 shares through a Revocable Trust.

Insider Trade Summary

Net Buyer: 32,734 shares

Net Buy 6 txns

Insider LUCIANO JUAN R

Role President & CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	12,842	$66.33	$852K
Exercise Price or Tax Liability	Common Stock	36,249	$66.33	$2.40M
Grant/Award	Common Stock	81,825	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 591,197 shares (Direct); Common Stock — 238 shares (Indirect, By Family LLC); Common Stock — 238,370 shares (Indirect, By Irrevocable Trust); Common Stock — 1,254,419 shares (Indirect, By Revocable Trust)

Footnotes (1)

1. F1. Performance share units determined to have been earned as certified by the Issuer's compensation committee. Each unit represents the right to receive one share of ADM Common Stock upon vesting and settlement.

FAQ

What did ADM CEO Juan Luciano report in this Form 4 filing for ADM?

Juan R. Luciano reported equity compensation and related tax share transactions in Archer-Daniels-Midland Common Stock. He received 81,825 shares from earned performance share units and had separate share dispositions coded “F” at $66.33 per share to cover tax obligations.

How many ADM shares did Juan Luciano acquire through performance share units?

He acquired 81,825 shares of Archer-Daniels-Midland Common Stock on February 4, 2026 at $0.0000 per share. These shares reflect performance share units that the compensation committee certified as earned, with each unit converting into one share upon vesting and settlement.

What do the F-coded ADM transactions at $66.33 per share represent?

The F-coded transactions on February 9, 2026 involved 12,842 and 36,249 ADM Common shares at $66.33 per share. Code “F” generally indicates shares withheld or disposed of to satisfy tax obligations related to equity awards rather than discretionary open-market sales.

How many ADM shares does Juan Luciano directly own after these transactions?

Following the reported transactions, Juan R. Luciano directly owns 591,197 shares of Archer-Daniels-Midland Common Stock. This figure reflects the impact of the 81,825-share performance award and the F-coded tax-related share dispositions reported in the filing.

What indirect ADM share holdings are associated with Juan Luciano?

The filing lists indirect holdings of ADM Common Stock: 238 shares through a Family LLC, 238,370 shares through an Irrevocable Trust, and 1,254,419 shares through a Revocable Trust. These positions are reported as indirect beneficial ownership in addition to his direct holdings.

Are the reported ADM share movements by the CEO open-market purchases or sales?

The Form 4 shows an award of 81,825 shares at $0.0000 tied to earned performance share units and F-coded transactions at $66.33 per share. F-coded entries typically represent shares withheld for taxes rather than voluntary open-market buying or selling.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/10/2026 - 05:26 PM Learn about SEC filing dates

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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hours per response:			0.5

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^*

LUCIANO JUAN R

(Last) (First) (Middle)

77 W. WACKER DR., 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
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

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
Common Stock	02/04/2026		A		81,825(1)	A	$0.0000	473,917	D
Common Stock	02/09/2026		F		12,842	D	$66.33	627,446	D
Common Stock	02/09/2026		F		36,249	D	$66.33	591,197	D
Common Stock								238	I	By Family LLC
Common Stock								238,370	I	By Irrevocable Trust
Common Stock								1,254,419	I	By Revocable Trust

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

Explanation of Responses:

1. Performance share units determined to have been earned as certified by the Issuer's compensation committee. Each unit represents the right to receive one share of ADM Common Stock upon vesting and settlement.

	Dana Ng, Attorney-in-Fact	02/10/2026
	** 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.
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