ADM Form 4: Director David R. McAtee II Granted Stock Units (09/10/2025)

David R. McAtee II, a director of Archer-Daniels-Midland Company (ADM), was granted stock units under the companys Stock Unit Plan for Nonemployee Directors on 09/10/2025.

Rhea-AI Filing Summary

David R. McAtee II, a director of Archer-Daniels-Midland Company (ADM), was granted stock units under the companys Stock Unit Plan for Nonemployee Directors on 09/10/2025. The award was recorded as 22.986 stock units (derivative securities) with a 1-for-1 conversion into common stock and resulted in 2,768.064 shares of common stock beneficially owned following the transaction. The grants vesting or conversion timeframe is defined as the earlier of five years after the end of the calendar year that includes the quarter for which the unit is awarded, the date credited as a dividend equivalent, or the date the participant ceases board service, subject to plan terms.

Positive

• Equity compensation granted to a nonemployee director under ADMs Stock Unit Plan, aligning director pay with shareholder value.
• Beneficial ownership increased to 2,768.064 shares following the reported award, as stated in the filing.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity award increases reported beneficial ownership, not a cash transaction and has standard multi-year vesting conditions.

The Form 4 discloses a non-derivative/derivative equity award: 22.986 stock units were granted to Director David R. McAtee II under ADMs Stock Unit Plan for Nonemployee Directors on 09/10/2025, converting 1-for-1 into common stock. The filing shows 2,768.064 shares beneficially owned following the reported transaction, indicating prior holdings plus this award. This is a customary compensation mechanism for nonemployee directors and does not indicate a sale or purchase on the open market. The timing provisions tie conversion or vesting to multi-year and service-based conditions as described in the plan.

Corporate Governance Expert

TL;DR: Standard director equity grant consistent with governance best practices for nonemployee directors.

The filing documents a grant under the companys established plan for nonemployee directors and specifies the rule-based vesting/conversion schedule: the earlier of five years after the relevant calendar year end, the date credited as a dividend equivalent, or departure from the board. Such structures align director incentives with shareholder interests by deferring conversion and tying ownership to continued service. The Form 4 shows a routine disclosure of beneficial ownership following the grant.

Insider Trade Summary

Grant/Award: 22.986 shares

Grant/Award 1 txn

Insider McAtee David R II

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units	22.986	$0.00	$0.00

Holdings After Transaction: Stock Units — 2,768.064 contracts (Direct)

Footnotes (3)

1. F1. Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.
2. F2. Conversion or exercise price of Derivative Security is 1-for-1.
3. F3. 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.

FAQ

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

What did David R. McAtee II report on Form 4 for ADM?

He reported a grant of 22.986 stock units under Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors on 09/10/2025, converting 1-for-1 to common stock.

How many ADM shares does David R. McAtee II beneficially own after the transaction?

The Form 4 states he beneficially owns 2,768.064 shares following the reported transaction.

What is the conversion or exercise price for the derivative securities in this filing?

The filing states the conversion or exercise price is 1-for-1 and lists a price of $0.0000 for the stock units.

When was the transaction dated on the Form 4 for ADM (symbol ADM)?

The transaction date reported is 09/10/2025.

Under what terms do the stock units convert or vest according to the filing?

Conversion/vesting is the earlier of: five years after the calendar year-end that includes the quarter of award, the date credited as a dividend equivalent, or the date the participant ceases board service, subject to plan terms.

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

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Accepted by SEC EDGAR 09/12/2025 - 12:09 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^*

McAtee David R II

(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		22.986		(3)	(3)	Common Stock	22.986	$0.0000	2,768.064	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).
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