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ADM (NYSE: ADM) director adds dividend-equivalent stock units to holdings

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

Rhea-AI Filing Summary

WESTBROOK KELVIN R reported acquisition or exercise transactions in this Form 4 filing.

Archer-Daniels-Midland Co director Kelvin R. Westbrook received a routine stock unit credit tied to dividends. On this filing date, he was granted 253.869 stock units under the company’s Stock Unit Plan for Nonemployee Directors, at a stated price of $0.00 per unit.

These stock units are credited as dividend equivalents and are convertible into Archer-Daniels-Midland common stock on a 1-for-1 basis. Following this credit, Westbrook directly holds a total of 33,681.417 stock units under the plan, which will generally be settled after he leaves the Board or at a future date defined by the plan.

Positive

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Negative

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Insider WESTBROOK KELVIN R
Role Director
Type Security Shares Price Value
Grant/Award Stock Units 253.869 $0.00 --
Holdings After Transaction: Stock Units — 33,681.417 shares (Direct)
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.
Form 4 Insider Transactions: What Each Field Means →
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*
WESTBROOK KELVIN R
(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)
03/10/2026
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) 03/10/2026 A 253.869 (3) (3) Common Stock 253.869 $0.0000 33,681.417 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 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 03/12/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ADM director Kelvin R. Westbrook report?

Kelvin R. Westbrook reported receiving 253.869 stock units as a grant. These units were credited under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors as dividend equivalents, increasing his total holdings under the plan to 33,681.417 stock units.

How many Archer-Daniels-Midland (ADM) stock units does Kelvin R. Westbrook now hold?

After this transaction, Kelvin R. Westbrook directly holds 33,681.417 stock units. This total reflects stock units accumulated under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors, including the 253.869 units credited as dividend equivalents in this filing.

What type of securities did ADM grant to Kelvin R. Westbrook in this Form 4?

Kelvin R. Westbrook received stock units classified as derivative securities. These units are credited as dividend equivalents and are convertible into Archer-Daniels-Midland common stock on a 1-for-1 basis under the Stock Unit Plan for Nonemployee Directors.

Was cash paid for the ADM stock units reported by Kelvin R. Westbrook?

No cash consideration was paid for these stock units, which were recorded at a price of $0.00 per unit. They were granted as dividend-equivalent stock units under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors as part of his director compensation.

How and when can Kelvin R. Westbrook’s ADM stock units be settled into common stock?

The stock units are convertible into ADM common stock on a 1-for-1 basis. They generally settle on the earlier of a plan-specified future date or when Westbrook ceases to serve on the Board, as described in the nonemployee directors’ stock unit plan terms.