STOCK TITAN

ADM (ADM) director Debra Sandler receives 765.531 deferred stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Archer-Daniels-Midland Co director Debra A. Sandler received a grant of 765.531 stock units under the company’s Stock Unit Plan for Nonemployee Directors. These stock units are derivatives that convert into an equal number of common shares on a 1-for-1 basis.

Following this award, Sandler holds a total of 30,356.829 stock units directly. The plan provides that stock units are generally settled at the earlier of a specified deferral period tied to the award year or when the director leaves the board, as described in the plan’s terms.

Positive

  • None.

Negative

  • None.
Insider Sandler Debra A.
Role null
Type Security Shares Price Value
Grant/Award Stock Units 765.531 $0.00 --
Holdings After Transaction: Stock Units — 30,356.829 shares (Direct, null)
Footnotes (1)
  1. Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors. Conversion or exercise price of Derivative Security is 1-for-1. 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.
Stock units granted 765.531 units Director grant dated 2026-07-01
Total stock units after grant 30,356.829 units Director holdings following transaction
Conversion ratio 1-for-1 Each stock unit into one ADM common share
Transaction price per unit $0.0000 Compensation grant, not open-market purchase
Stock Units financial
"Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
Stock Unit Plan for Nonemployee Directors financial
"Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors."
Derivative Security financial
"Conversion or exercise price of Derivative Security is 1-for-1."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
dividend equivalent financial
"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"
A dividend equivalent is a payment someone receives that matches the cash dividends paid on a stock, even though they don’t actually hold the shares. It often shows up in stock-based pay or certain derivatives, and matters to investors because it preserves the income value and alters the after-tax return and timing of payouts — think of it like getting a paycheck for the dividends you would have earned if you owned the stock directly.
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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*
Sandler Debra A.

(Last)(First)(Middle)
77 WEST WACKER DRIVE
SUITE 4600

(Street)
CHICAGO ILLINOIS 60601

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Archer-Daniels-Midland Co [ ADM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Units(1)$0.0000(2)07/01/2026A765.531 (3) (3)Common Stock765.531$0.000030,356.829D
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-Fact07/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Debra A. Sandler acquire in this Archer-Daniels-Midland (ADM) Form 4 filing?

Debra A. Sandler received a grant of 765.531 stock units as a director of Archer-Daniels-Midland. These units are part of the company’s Stock Unit Plan for Nonemployee Directors and represent deferred compensation linked to ADM common stock.

How many Archer-Daniels-Midland (ADM) stock units does Debra A. Sandler hold after this grant?

After the grant, Debra A. Sandler holds 30,356.829 stock units directly. This total reflects her updated deferred equity position under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors, as reported in the Form 4 filing.

What does a 1-for-1 conversion mean for ADM stock units reported in this Form 4?

A 1-for-1 conversion means each stock unit converts into one share of Archer-Daniels-Midland common stock. The filing states the derivative security’s conversion or exercise price is 1-for-1, directly linking unit count to future common share delivery.

Under what plan were Debra A. Sandler’s ADM stock units granted?

The stock units were granted under Archer-Daniels-Midland Company’s Stock Unit Plan for Nonemployee Directors. This plan provides equity-based compensation to outside directors, with units credited for service and potential dividend equivalents over time.

When are the ADM stock units for Debra A. Sandler expected to be settled?

The stock units are scheduled for settlement at the earlier of a deferral period ending five years after the calendar year of the award or when she ceases to be a board member, subject to the specific terms of Archer-Daniels-Midland’s plan.