ADM (NYSE: ADM) SVP Cuddy delivers 3,001 shares for tax withholding

Rhea-AI Filing Summary

Archer-Daniels-Midland Co Senior Vice President Christopher M. Cuddy reported a Form 4 showing a tax-related share disposition. On March 18, 2026, 3,001 shares of common stock were disposed of at $72.12 per share to satisfy tax obligations, rather than through an open-market sale. After this transaction, he held 328,051.0287 shares directly, plus 2,518.15 shares held indirectly through an employee benefit plan.

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^*

Cuddy Christopher M

(Last) (First) (Middle)

77 W. WACKER DR., 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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
Common Stock	03/18/2026		F		3,001	D	$72.12	328,051.0287	D
Common Stock								2,518.15	I	By Employee Benefit Plan

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

Explanation of Responses:

	Dana Ng, Attorney-in-Fact	03/20/2026
	** 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)

FAQ

What insider transaction did ADM executive Christopher M. Cuddy report?

Christopher M. Cuddy reported a tax-related disposition of 3,001 Archer-Daniels-Midland common shares. The shares were used to satisfy tax obligations at $72.12 per share, rather than being sold in the open market, which is a routine administrative transaction.

How many ADM shares were involved in Christopher Cuddy’s tax-withholding transaction?

The filing shows 3,001 Archer-Daniels-Midland common shares were disposed of for tax withholding. These shares were valued at $72.12 each, reflecting payment of tax obligations tied to equity compensation, not a discretionary open-market stock sale by the executive.

How many ADM shares does Christopher Cuddy hold after this Form 4 filing?

After the reported transaction, Christopher Cuddy directly holds 328,051.0287 Archer-Daniels-Midland shares. The filing also lists an additional 2,518.15 shares held indirectly through an employee benefit plan, giving a clearer picture of his ongoing equity stake in the company.

Was Christopher Cuddy’s ADM transaction a market sale or tax withholding?

The Form 4 identifies the 3,001-share disposition as tax withholding, code F, not a market sale. It represents payment of tax liability by delivering shares, a common mechanism for handling taxes on stock-based compensation awards for executives.

What does the F transaction code mean in Christopher Cuddy’s ADM Form 4?

The F code in the Form 4 indicates shares were delivered to pay a tax liability. For Christopher Cuddy, 3,001 Archer-Daniels-Midland shares were used this way, classed as a tax-withholding disposition rather than a voluntary buy or sell order in the market.

Does the Form 4 show any indirect ADM share holdings for Christopher Cuddy?

Yes. In addition to direct holdings, the Form 4 lists 2,518.15 Archer-Daniels-Midland shares held indirectly. These are described as being held by an employee benefit plan, indicating part of his ownership is through a plan-related account rather than directly.