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ADM (NYSE: ADM) director Kelvin Westbrook receives 220 stock units as board compensation

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

Rhea-AI Filing Summary

Archer-Daniels-Midland Co director Kelvin R. Westbrook reported an acquisition of stock units tied to his board compensation. On this Form 4, he received 220.411 stock units, credited under the dividend equivalent reinvestment feature of Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors.

These stock units are convertible into Archer-Daniels-Midland common stock on a 1-for-1 basis under the plan. After this credit, Westbrook holds a total of 34,695.041 stock units directly. This is a routine, compensation-related award rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider WESTBROOK KELVIN R
Role null
Type Security Shares Price Value
Grant/Award Stock Units 220.411 $0.00 --
Holdings After Transaction: Stock Units — 34,695.041 shares (Direct, null)
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.
Stock units granted 220.411 stock units Credited as dividend equivalent reinvestment on stock units
Total stock units after transaction 34,695.041 stock units Director’s direct holdings following grant
Conversion ratio 1-for-1 into common stock Conversion or exercise price of derivative security
Stock Unit Plan for Nonemployee Directors financial
"under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors"
dividend equivalent reinvestment financial
"Represents stock units credited under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company Stock Unit Plan"
stock units financial
"Represents stock units credited under the dividend equivalent reinvestment provision"
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.
Derivative Security financial
"Conversion or exercise price of Derivative Security is 1-for-1"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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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*
WESTBROOK KELVIN R
(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)
06/10/2026		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)06/10/2026A220.411 (3) (3)Common Stock220.411$0.000034,695.041D
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.
Remarks:
poawestbrook.txt
Dana Ng, Attorney-in-Fact06/12/2026
** 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 insider transaction did Kelvin R. Westbrook report for Archer-Daniels-Midland (ADM)?

Kelvin R. Westbrook reported receiving stock units as part of his board compensation, not an open-market trade. The Form 4 shows a grant of stock units credited under ADM’s Stock Unit Plan for Nonemployee Directors through its dividend equivalent reinvestment feature.

How many stock units did Kelvin R. Westbrook acquire in this ADM Form 4 filing?

Westbrook acquired 220.411 stock units in this filing. These units were credited as dividend equivalents under Archer-Daniels-Midland’s Stock Unit Plan for Nonemployee Directors and represent additional compensation rather than a cash purchase on the open market.

What are Kelvin R. Westbrook’s total stock unit holdings in ADM after this transaction?

After this transaction, Westbrook directly holds 34,695.041 stock units tied to Archer-Daniels-Midland common stock. This total includes the newly credited 220.411 stock units that were added through the plan’s dividend equivalent reinvestment provision for nonemployee directors.

Is the ADM Form 4 transaction for Kelvin R. Westbrook an open-market buy or sell of shares?

The transaction is not an open-market buy or sell. It records a grant of stock units as compensation, credited via dividend equivalent reinvestment. No open-market trading price is involved, and the units convert into ADM common stock on a 1-for-1 basis under the plan.

How do the reported ADM stock units convert into common shares for Kelvin R. Westbrook?

The footnotes state a 1-for-1 conversion rate, meaning each stock unit corresponds to one ADM common share upon distribution. Timing is governed by the Stock Unit Plan for Nonemployee Directors, including rules tied to service on the board and specified time periods.

What plan governs Kelvin R. Westbrook’s stock unit award disclosed by ADM?

The award is governed by the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors. Under this plan, dividend equivalent reinvestment credits stock units, which later convert 1-for-1 into ADM common stock according to the plan’s distribution and timing provisions.