ADM (NYSE: ADM) director gains stock units via dividend equivalents

Rhea-AI Filing Summary

Archer-Daniels-Midland director Debra A. Sandler acquired additional stock-based compensation through the company’s nonemployee director plan. On this Form 4, she was credited with 216.295 stock units as dividend equivalents under the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors, bringing her total to 28,696.320 stock units. Each stock unit is convertible into one share of common stock. According to the plan terms, units are generally settled in stock on the earlier of five years after the calendar year of the award or dividend credit, or when she leaves the Board.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sandler Debra A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units	216.295	$0.00	--

Holdings After Transaction: Stock Units — 28,696.32 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

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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).

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^*

Sandler Debra A.

(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		216.295		(3)	(3)	Common Stock	216.295	$0.0000	28,696.32	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.
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FAQ

What insider transaction did ADM director Debra Sandler report on this Form 4?

Debra A. Sandler reported an acquisition of 216.295 stock units. These units were credited as dividend equivalents under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors, increasing her total stock unit holdings to 28,696.320.

Are Debra Sandler’s new ADM stock units an open-market purchase or compensation award?

The 216.295 stock units for Debra Sandler are a compensation-related award, not an open-market purchase. They represent dividend equivalent reinvestments under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors, credited at a zero-dollar transaction price.

How many ADM stock units does Debra Sandler hold after this Form 4 transaction?

After this transaction, Debra Sandler holds 28,696.320 stock units. The filing shows that 216.295 new stock units were credited as dividend equivalents, and these are added to her existing balance under the nonemployee director stock unit plan.

What does a 1-for-1 conversion of ADM stock units into common stock mean?

A 1-for-1 conversion means each stock unit can be exchanged for one share of ADM common stock. The Form 4 notes this fixed conversion rate, so 216.295 stock units correspond to 216.295 potential common shares when settled.

When will Debra Sandler’s ADM stock units from this award generally be settled?

These stock units are generally settled on the earlier of two events. Either five years after the end of the calendar year that includes the relevant calendar quarter, or the date she ceases to be a member of the Board of Directors.

Is Debra Sandler’s ADM stock unit holding reported as direct or indirect ownership?

The Form 4 reports Debra Sandler’s 28,696.320 stock units as direct ownership. The ownership code is shown as “D” for direct, and there is no indication of indirect holding through another entity or trust in this filing.