Archer-Daniels-Midland: 956 stock units awarded to director

Rhea-AI Filing Summary

Kelvin R. Westbrook, a Director of Archer-Daniels-Midland Company (ADM), was granted 956.182 stock units on 10/01/2025 under the company's Stock Unit Plan for Nonemployee Directors. Each unit converts 1-for-1 into common stock, and following the award Mr. Westbrook beneficially owns 39,657.787 shares of common stock directly. The award's settlement date is the earlier of five years after the end of the calendar year containing the quarter for which the unit was granted, the date the unit is credited as a dividend equivalent, or the date the director leaves the Board, subject to plan terms. The Form 4 was signed by an attorney-in-fact on 10/02/2025.

Positive

• 956.182 stock units granted to a director under the company's nonemployee director plan
• Director's direct beneficial ownership increased to 39,657.787 common shares

Negative

• None.

Insights

Corporate Governance & Compensation Analyst

Director received deferred equity that increases direct ownership to 39,657.787 shares

The filing shows a nonemployee director grant of 956.182 stock units under ADM's Stock Unit Plan for Nonemployee Directors dated 10/01/2025. These units convert 1-for-1 into common stock and are subject to a multi-year settlement window tied to service or a five-year timing rule.

This structure aligns director pay with shareholder value over time by deferring receipt and tying settlement to continued board service or plan timing, which is a common governance practice for directors.

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).

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)
10/01/2025

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)	10/01/2025		A		956.182		(3)	(3)	Common Stock	956.182	$0.0000	39,657.787	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	10/02/2025
	** 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).
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 did the ADM Form 4 filed on 10/02/2025 disclose?

The Form 4 discloses that Kelvin R. Westbrook was granted 956.182 stock units on 10/01/2025, converting 1-for-1 into common stock, and now directly owns 39,657.787 shares.

How do the stock units granted to the ADM director convert to shares?

The filing states the conversion or exercise price is 1-for-1, so each stock unit becomes one share of ADM common stock upon settlement.

When will the ADM stock units vest or settle?

Settlement is the earlier of: the date five years after the end of the calendar year that includes the quarter of the award, the date credited as a dividend equivalent, or the date the participant ceases to be a board member, per the plan.

Who filed the Form 4 for ADM and when was it signed?

The Form 4 was executed by Dana Ng, Attorney-in-Fact and signed on 10/02/2025.

Is the reported ownership direct or indirect on the Form 4?

The filing reports the 39,657.787 shares as Direct (D) beneficial ownership.