Archer-Daniels-Midland (ADM) director exercises units and sells shares

Rhea-AI Filing Summary

Archer-Daniels-Midland Company reported an insider transaction by a director. On 01/02/2026, the director exercised 7,565.722 stock units into the same number of common shares at a conversion price of $0.0000 per share, then disposed of 7,565.722 common shares at $58.28 per share, leaving 0 common shares directly owned.

On the same date, the director acquired an additional 993.778 stock units at a conversion price of $0.0000, each exchangeable 1-for-1 into common stock, resulting in 40,993.27 stock units before the exercise of 7,565.722 units and 33,427.548 stock units remaining beneficially owned afterward. The units were granted under Archer-Daniels-Midland's Stock Unit Plan for Nonemployee Directors.

Insider Trade Summary

7,565.722 shares exercised/converted

Mixed 4 txns

Insider WESTBROOK KELVIN R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units	993.778	$0.00	--
Exercise	Stock Units	7,565.722	$0.00	--
Exercise	Common Stock	7,565.722	$0.00	--
Disposition	Common Stock	7,565.722	$58.28	$441K

Holdings After Transaction: Stock Units — 40,993.27 shares (Direct); Common Stock — 7,565.722 shares (Direct)

Footnotes (1)

1. Granted pursuant to Archer-Daniels-Midland Company's 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)
01/02/2026

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
Common Stock	01/02/2026		M		7,565.722	A	$0.0000	7,565.722	D
Common Stock	01/02/2026		D		7,565.722	D	$58.28	0.0000	D

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)	01/02/2026		A		993.778		(3)	(3)	Common Stock	993.778	$0.0000	40,993.27	D
Stock Units(1)	$0.0000(2)	01/02/2026		M			7,565.722	(3)	(3)	Common Stock	7,565.722	$0.0000	33,427.548	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	01/05/2026
	** 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.

FAQ

What insider transaction did ADM report in this Form 4 filing?

A director of Archer-Daniels-Midland Company (ADM) reported exercising 7,565.722 stock units into common stock on 01/02/2026 and selling 7,565.722 common shares at $58.28 per share.

How many ADM shares did the reporting person own after the transaction?

Following the reported transactions on 01/02/2026, the director directly owned 0 common shares of Archer-Daniels-Midland Company.

What happened to the ADM stock units held by the director?

The director acquired 993.778 stock units at a conversion price of $0.0000, increasing holdings to 40,993.27 stock units, and then exercised 7,565.722 stock units, leaving 33,427.548 stock units beneficially owned.

At what price were the ADM common shares sold in this Form 4?

The 7,565.722 ADM common shares reported as disposed of on 01/02/2026 were sold at a price of $58.28 per share.

What is the conversion ratio for the ADM stock units in this filing?

Each reported ADM stock unit converts into one share of common stock, with a conversion or exercise price of $0.0000, as stated in the explanation of responses.

Under what plan were the ADM stock units granted to the director?

The stock units were granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors, as described in the explanation of responses.