[Form 4] Archer-Daniels-Midland Co Insider Trading Activity
Ellen de Brabander, a director of Archer-Daniels-Midland Company (ADM), was granted 63.485 stock units on 09/10/2025 under the company's Stock Unit Plan for Nonemployee Directors. Each stock unit converts on a 1-for-1 basis into common stock, and the filing reports 7,645.141 shares beneficially owned by the reporting person following the transaction. The award's conversion/vesting timeline is the earlier of five years after the end of the applicable calendar year, the date the unit is credited as a dividend equivalent, or the date the participant ceases board service, subject to plan terms. The Form 4 was signed via attorney-in-fact Dana Ng.
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Insights
TL;DR: Routine director equity grant disclosed; standard plan terms and modest share impact.
The filing documents a nonemployee director award under ADM's Stock Unit Plan, a common practice to align director interests with shareholders. The grant size of 63.485 stock units is explicit and converts 1-for-1 into common stock. Vesting/conversion timing is governed by the plan's stated conditions, including a multi-year horizon or cessation of board service. The transaction appears administrative and compensatory rather than a signal of material corporate change.
TL;DR: Insignificant market impact from a small director award; disclosure meets Section 16 requirements.
This Form 4 reports a derivative award (stock units) exercisable into common stock with a clear 1-for-1 conversion and documents total beneficial ownership of 7,645.141 shares after the award. The report includes the transaction date (09/10/2025) and attestation by an attorney-in-fact. Given the size and nature of the grant as disclosed, it is unlikely to be material to ADM's capitalization based on the information provided in this filing alone.