Archer-Daniels-Midland (NYSE: ADM) director records stock unit grant and sale

Rhea-AI Filing Summary

Archer-Daniels-Midland Company director reports stock unit activity and share sale. On 01/02/2026, the director exercised 4,821.021 stock units into the same number of shares of common stock at a conversion price of $0.0000 per share, then disposed of 4,821.021 shares of common stock at a price of $58.28 per share, leaving 0.0000 directly owned common shares. The director also acquired 885.759 additional stock units, bringing total stock units beneficially owned to 16,434.163, all held in direct form under Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.

Insights

Insider transactions analyst

Routine ADM director stock unit grant, exercise, and sale; neutral impact.

The disclosure shows an Archer-Daniels-Midland director receiving 885.759 stock units under the Stock Unit Plan for Nonemployee Directors on 01/02/2026. On the same date, 4,821.021 stock units were converted 1-for-1 into common stock at a conversion price of $0.0000, then those 4,821.021 common shares were sold at $58.28 per share.

Following these transactions, the director holds 16,434.163 stock units and no directly owned common shares. The structure, including the 1-for-1 conversion and deferred settlement terms described for stock units, is typical of nonemployee director compensation programs and points to standard equity-based compensation rather than a strategic change in ownership.

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^*

Schlitz Lei Zhang

(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		4,821.021	A	$0.0000	4,821.021	D
Common Stock	01/02/2026		D		4,821.021	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		885.759		(3)	(3)	Common Stock	885.759	$0.0000	21,255.184	D
Stock Units(1)	$0.0000(2)	01/02/2026		M			4,821.021	(3)	(3)	Common Stock	4,821.021	$0.0000	16,434.163	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).
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FAQ

What insider transaction did ADM report in this Form 4?

The filing reports an Archer-Daniels-Midland director exercising 4,821.021 stock units into common stock on 01/02/2026 and selling the resulting 4,821.021 shares at $58.28 per share.

How many Archer-Daniels-Midland (ADM) shares were sold and at what price?

The director disposed of 4,821.021 shares of Archer-Daniels-Midland common stock at a price of $58.28 per share on 01/02/2026.

What new stock units did the ADM director receive?

The director acquired 885.759 stock units at a conversion price of $0.0000 on 01/02/2026, granted under Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.

How many ADM stock units does the director own after these transactions?

After the reported transactions, the director beneficially owns 16,434.163 stock units, all held directly.

Does the ADM director still directly own common stock after the sale?

No. Following the sale of 4,821.021 common shares, the amount of directly owned Archer-Daniels-Midland common stock is reported as 0.0000.

What is the conversion ratio for the ADM stock units reported?

The filing states that the conversion or exercise price of the derivative security is 1-for-1, meaning each stock unit is convertible into one share of common stock.