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ADM (NYSE: ADM) director awarded 706.994 stock units under board plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Sandler Debra A. reported acquisition or exercise transactions in this Form 4 filing.

Archer-Daniels-Midland director Debra A. Sandler received 706.994 stock units as a grant under the company’s Stock Unit Plan for Nonemployee Directors. Each unit is convertible into one share of common stock, bringing her directly held stock unit balance to 29,403.314 units.

Positive

  • None.

Negative

  • None.
Insider Sandler Debra A.
Role Director
Type Security Shares Price Value
Grant/Award Stock Units 706.994 $0.00 --
Holdings After Transaction: Stock Units — 29,403.314 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.
Stock units granted 706.994 units Grant under Stock Unit Plan for Nonemployee Directors
Total stock units after grant 29,403.314 units Directly held following reported transaction
Conversion ratio 1-for-1 Each stock unit convertible into one share of common stock
Stock Units financial
"Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
Stock Unit Plan for Nonemployee Directors financial
"Granted pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors."
dividend equivalent financial
"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"
A dividend equivalent is a payment someone receives that matches the cash dividends paid on a stock, even though they don’t actually hold the shares. It often shows up in stock-based pay or certain derivatives, and matters to investors because it preserves the income value and alters the after-tax return and timing of payouts — think of it like getting a paycheck for the dividends you would have earned if you owned the stock directly.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Sandler Debra A.
(Last)(First)(Middle)
77 WEST WACKER DRIVE
SUITE 4600
(Street)
CHICAGO ILLINOIS 60601
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Archer-Daniels-Midland Co [ ADM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Units(1)$0.0000(2)04/01/2026A706.994 (3) (3)Common Stock706.994$0.000029,403.314D
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-Fact04/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did ADM director Debra A. Sandler report in this Form 4 filing for ADM?

Debra A. Sandler reported receiving 706.994 stock units as a grant under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors. These stock units are a form of equity compensation rather than an open-market share purchase or sale.

How many ADM stock units does Debra A. Sandler hold after this grant?

After this grant, Debra A. Sandler holds 29,403.314 stock units directly. This total reflects the newly awarded 706.994 units added to her prior balance, according to the Form 4 disclosure for Archer-Daniels-Midland.

Is the ADM Form 4 transaction a stock purchase or sale by Debra A. Sandler?

The transaction is not an open-market purchase or sale. It is a grant or award acquisition of 706.994 stock units, reported with code “A,” representing compensation under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors.

What does a 1-for-1 conversion of ADM stock units mean in this filing?

A 1-for-1 conversion means each stock unit can be converted into one share of Archer-Daniels-Midland common stock. The footnote clarifies this direct conversion ratio, linking the stock unit award to potential future common share delivery.

Under what plan were the ADM stock units granted to Debra A. Sandler?

The stock units were granted under Archer-Daniels-Midland Company’s Stock Unit Plan for Nonemployee Directors. This plan provides equity-based compensation to board members who are not company employees, aligning their interests with shareholders over time.

When are the ADM stock units for Debra A. Sandler scheduled to settle or be paid out?

The footnotes state settlement occurs on the earlier of a plan-based date tied to calendar-year awards or the date she ceases to be a board member, subject to possible extensions under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors.