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ADM (NYSE: ADM) director McMurray gains stock units via dividend equivalents

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

Rhea-AI Filing Summary

Archer-Daniels-Midland Co director Michael C. McMurray acquired additional stock units through a routine plan feature. On this Form 4, he received 1.155 stock units credited under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors as dividend equivalents, bringing his total stock unit balance to 181.831 units on a 1-for-1 basis into common stock.

Positive

  • None.

Negative

  • None.
Insider McMurray Michael C.
Role null
Type Security Shares Price Value
Grant/Award Stock Units 1.155 $0.00 --
Holdings After Transaction: Stock Units — 181.831 shares (Direct, null)
Footnotes (1)
  1. Represents stock units credited under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company 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 acquired 1.155 stock units Dividend equivalent reinvestment on 2026-06-10
Total stock units after transaction 181.831 stock units Holdings following reported award
Conversion ratio 1-for-1 Stock units into ADM common stock
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 ... Stock Unit Plan"
Stock Unit Plan for Nonemployee Directors financial
"Archer-Daniels-Midland Company 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.
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Form 4 Insider Transactions: What Each Field Means →
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*
McMurray Michael C.
(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)
06/10/2026		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)06/10/2026A1.155 (3) (3)Common Stock1.155$0.0000181.831D
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 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-Fact06/12/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ADM director Michael C. McMurray report?

Michael C. McMurray reported acquiring 1.155 stock units as a routine award. These units were credited as dividend equivalents under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors, increasing his total stock unit holdings to 181.831 units.

How many ADM stock units does Michael C. McMurray hold after this Form 4?

After this transaction, Michael C. McMurray holds 181.831 stock units. The filing shows these units result from the company’s Stock Unit Plan for Nonemployee Directors, including dividend equivalent reinvestments credited over time under that plan.

What triggered the 1.155 ADM stock units credited to Michael C. McMurray?

The 1.155 stock units were credited as dividend equivalents under Archer-Daniels-Midland’s Stock Unit Plan. When the company pays dividends, nonemployee directors receive additional stock units instead of cash, reinvesting those dividends into more stock units automatically.

How do Michael C. McMurray’s ADM stock units convert into common stock?

The Form 4 states the derivative security converts at a 1-for-1 rate into common stock. Each stock unit represents one share of Archer-Daniels-Midland common stock upon settlement, aligning the director’s interests with common shareholders over time.

When are Michael C. McMurray’s ADM stock units scheduled to be paid out?

The stock units are generally payable on the earlier of two events. They are due five years after the end of the calendar year in which they are awarded or credited, or when McMurray ceases serving on the Board, subject to plan terms.

What is Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors?

It is a compensation plan granting stock units to nonemployee directors instead of only cash. The plan also credits additional units through dividend equivalent reinvestment, helping align directors’ compensation with Archer-Daniels-Midland common stock performance over time.