Archer-Daniels-Midland Director Receives 171.944 Stock Units (ADM)

Rhea-AI Filing Summary

Archer-Daniels-Midland Co director Michael S. Burke was granted 171.944 stock units under the company's Stock Unit Plan for Nonemployee Directors on 09/10/2025. Each unit converts 1-for-1 into common stock, increasing his direct beneficial ownership to 20,705.848 shares. The units vest or convert on the earlier of five years after the award quarter, the date credited as a dividend equivalent, or when he ceases board service, subject to plan terms. The grant was reported on Form 4 by a single reporting person and executed by an attorney-in-fact.

Positive

• Director alignment: Grant increases Michael S. Burke's direct ownership to 20,705.848 shares, aligning his interests with shareholders
• Routine, transparent disclosure: Transaction reported on Form 4 with conversion terms and ownership post-transaction

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received routine equity compensation, modestly increasing direct ownership without dilutive issuance details.

This Form 4 discloses a standard nonemployee director award under the company’s Stock Unit Plan. The grant of 171.944 stock units that convert 1-for-1 to common shares appears to be compensation for service rather than a market-timing trade. The reported post-transaction ownership of 20,705.848 shares provides useful context on the director’s stake, but the filing does not state grant value, vesting acceleration conditions beyond plan language, or whether similar grants were made to other directors.

Securities Analyst

TL;DR: Transaction is routine director compensation; immaterial to ADM’s capital structure absent broader disclosure.

The instrument is a derivative stock unit with a 1-for-1 conversion and typical multi-year conversion window tied to board tenure. From an investor-impact perspective, the filing is neutral: it increases insider alignment via equity ownership but does not disclose material dilution, aggregate share count impact, or sale plans. No exercised options or cash transactions are reported.

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^*

Burke Michael S

(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		171.944		(3)	(3)	Common Stock	171.944	$0.0000	20,705.848	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.
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FAQ

What did Michael S. Burke report on his ADM Form 4?

He reported a grant of 171.944 stock units that convert 1-for-1 into ADM common stock, increasing his direct beneficial ownership to 20,705.848 shares.

When was the transaction filed for ADM (Form 4)?

The transaction date reported on the form is 09/10/2025 and the form was filed by one reporting person.

What are the conversion and vesting terms for the awarded stock units?

The conversion is 1-for-1. Conversion/vesting occurs on the earlier of five years after the award quarter, the date credited as a dividend equivalent, or when the director ceases board service, subject to plan extensions.

Was this transaction a cash purchase or an earned grant?

This was an awarded stock unit grant under the Stock Unit Plan for Nonemployee Directors, not a cash purchase.

Did the Form 4 disclose any sales or dispositions by the reporting person?

No dispositions or sales were reported. The filing shows an acquisition (A) of derivative stock units.