Archer-Daniels-Midland director awarded 184 units

Archer-Daniels-Midland Co (ADM) director Debra A. Sandler reported an automatic acquisition of 183.75 stock units on September 9, 2026 under the company’s Stock Unit Plan for Nonemployee Directors.

Rhea-AI Filing Summary

Archer-Daniels-Midland Co (ADM) director Debra A. Sandler reported an automatic acquisition of 183.75 stock units on September 9, 2026 under the company’s Stock Unit Plan for Nonemployee Directors. These units are credited as dividend equivalents and are convertible into an equal number of common shares on settlement.

Insider Trade Summary

Grant/Award: 183.75 shares

Grant/Award 1 txn

Insider Sandler Debra A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units F1, F2, F3	183.75	$0.00	$0.00

Holdings After Transaction: Stock Units — 30,540.579 contracts (Direct)

Footnotes (3)

1. F1. Represents stock units credited under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors.
2. F2. Conversion or exercise price of Derivative Security is 1-for-1.
3. F3. The earlier of (i) the date five years after the end of the calendar year (a) that includes the calendar quarter for which any stock unit is awarded to the participant or (b) in which such stock unit is credited to the participant as a dividend equivalent or (ii) 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.

Key Figures

Stock units acquired: 183.75 stock units Stock units held after transaction: 30,540.579 stock units Conversion rate: 1 stock unit for 1 share of common stock +2 more

5 metrics

Stock units acquired 183.75 stock units Grant credited on September 9, 2026 as dividend-equivalent reinvestment

Stock units held after transaction 30,540.579 stock units Total direct holdings of Debra A. Sandler following the reported grant

Conversion rate 1 stock unit for 1 share of common stock Conversion or exercise price of derivative security is 1-for-1

Transaction price per stock unit $0.00 per stock unit Reported price per unit for the September 9, 2026 grant

Rule 10b5-1 plan status No Rule 10b5-1 plan affirmed Document-level 10b5-1 checkbox is false for this Form 4

Key Terms

Stock Units, dividend equivalent reinvestment, Derivative Security, Stock Unit Plan for Nonemployee Directors

4 terms

Stock Units financial

"Represents stock units credited under the dividend equivalent reinvestment provision"

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.

dividend equivalent reinvestment financial

"credited under the dividend equivalent reinvestment provision of the ... Plan"

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.

Stock Unit Plan for Nonemployee Directors financial

"Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did ADM director Debra A. Sandler report?

Debra A. Sandler reported an automatic grant of 183.75 stock units on September 9, 2026, credited under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors as dividend-equivalent reinvestments.

How many ADM stock units does Debra A. Sandler hold after this Form 4 transaction?

After the September 9, 2026 transaction, Debra A. Sandler holds a total of 30,540.579 stock units directly under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors.

What is the conversion rate of Debra A. Sandler’s ADM stock units into common stock?

Each stock unit converts into 1 share of ADM common stock, according to the filing, which states a conversion or exercise price of 1-for-1 for the derivative security.

Were Debra A. Sandler’s ADM stock unit credits made under a Rule 10b5-1 plan?

No. The filing indicates no Rule 10b5-1 trading plan applies to this transaction; the document-level 10b5-1 checkbox is marked false.

What is the nature of the ADM stock units reported for Debra A. Sandler?

The reported stock units represent amounts credited under the dividend equivalent reinvestment provision of Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors, rather than cash purchases on the open market.

When do Debra A. Sandler’s ADM stock units generally settle?

The stock units settle on the earlier of five years after the end of the calendar year in which they are awarded or credited as dividend equivalents, or the date she ceases to be a board member, subject to the terms of the plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/11/2026 - 04:04 PM Accepted by SEC EDGAR 09/11/2026 - 04:04 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
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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2026

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

X	Form 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)
			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)	09/09/2026		A		183.75		(3)	(3)	Common Stock	183.75	$0.0000	30,540.579	D

Explanation of Responses:

1. Represents stock units credited under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors.

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

3. The earlier of (i) the date five years after the end of the calendar year (a) that includes the calendar quarter for which any stock unit is awarded to the participant or (b) in which such stock unit is credited to the participant as a dividend equivalent or (ii) 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	09/11/2026
	** 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.
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)