Archer-Daniels-Midland Form 4: Director receives 797.537 stock units

Rhea-AI Filing Summary

Archer-Daniels-Midland Co (ADM) director Patrick J. Moore was granted 797.537 stock units on 09/10/2025 under the company's Stock Unit Plan for Nonemployee Directors. Those units convert on a 1-for-1 basis into common shares and carry a $0.0000 conversion price. After the grant, Mr. Moore beneficially owns 96,040.956 shares of ADM, held directly. The grant vests or converts no later than the earlier of five years after the end of the calendar year in which the award relates (or as credited as dividend equivalents), or the date the participant ceases board service, subject to plan terms.

Positive

• Director equity award aligns incentives by granting 797.537 stock units that convert 1-for-1 to common stock, promoting long-term alignment with shareholders.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation via stock units aligns director and shareholder interests; no cash purchase or sale disclosed.

The filing reports a non-employee director award of 797.537 stock units under ADM's Stock Unit Plan for Nonemployee Directors, converting 1-for-1 to common shares at no cash cost to the director. This is a standard equity-based compensation practice to align long-term incentives between board members and shareholders. The post-grant direct beneficial ownership of 96,040.956 shares is disclosed, and the vesting/settlement timeline follows plan-defined time and service conditions. There is no indication of any sale, purchase for cash, or derivative exercise creating immediate liquidity or dilution beyond the usual grant mechanics.

Securities Analyst

TL;DR: No market-moving transaction—this is a compensation grant, not a sale or insider trade.

The Form 4 shows code 'A' (acquisition) of derivative stock units that convert 1-for-1 into common stock with a $0.0000 conversion price, consistent with deferred equity compensation. The transaction date is 09/10/2025 and the filing identifies the reporting person as a director. Since this filing does not show any dispositions or exercised options for cash, it does not signal insider selling or material change in control or ownership concentration.

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

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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^*

MOORE PATRICK J

(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		797.537		(3)	(3)	Common Stock	797.537	$0.0000	96,040.956	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 transaction did ADM director Patrick J. Moore report on Form 4?

The Form 4 reports a grant of 797.537 stock units on 09/10/2025 under Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.

How do the stock units convert according to the Form 4 for ADM (ADM)?

The derivative security converts on a 1-for-1 basis into common stock with a stated conversion price of $0.0000.

How many ADM shares does Patrick J. Moore beneficially own after the reported transaction?

Following the reported grant, Mr. Moore beneficially owns 96,040.956 shares of ADM, held directly.

What are the vesting or settlement conditions for the stock units in the filing?

The units convert no later than the earlier of the date five years after the end of the calendar year that includes the quarter for which the unit was awarded (or credited as a dividend equivalent), or the date the participant ceases board service, subject to plan terms.

Does the Form 4 show any sales or cash purchases by the director?

No. The Form 4 shows an acquisition grant (code 'A') of stock units and does not disclose any dispositions or cash purchases.