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ADM Insider Filing Shows Routine Stock-Unit Grant to Board Member

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

Rhea-AI Filing Summary

Archer-Daniels-Midland (ADM) director Kelvin R. Westbrook filed a Form 4 disclosing the routine award of 1,097.538 stock units on 07/01/2025 under the company’s Stock Unit Plan for Non-Employee Directors. Each unit is economically equivalent to one share of ADM common stock and carries a conversion price of $0.00. Following the grant, Westbrook now beneficially owns 38,380.222 stock units. These units convert to shares on the earlier of (i) five years after the calendar year of the award/dividend credit or (ii) the director’s departure from the board, consistent with plan terms. No shares were sold; the transaction modestly increases insider equity alignment without immediate share dilution.

Positive

  • Enhanced director-shareholder alignment: the grant increases insider exposure to ADM equity, modestly reinforcing governance incentives.

Negative

  • None.

Insights

TL;DR: Routine director stock-unit grant; negligible financial impact, modest governance positive.

The filing reflects standard board compensation rather than an investment decision. Because the units convert 1-for-1 and were issued at no cost, there is no cash inflow or outflow and minimal dilutive effect relative to ADM’s ~540 million shares outstanding. Insider alignment improves slightly, but the size (≈0.0002% of shares) is immaterial to valuation or float dynamics. I view the disclosure as neutral for shareholders.

Insider WESTBROOK KELVIN R
Role Director
Type Security Shares Price Value
Grant/Award Stock Units 1,097.538 $0.00 --
Holdings After Transaction: Stock Units — 38,380.222 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.
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
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 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)
07/01/2025
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) 07/01/2025 A 1,097.538 (3) (3) Common Stock 1,097.538 $0.0000 38,380.222 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 07/01/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many ADM stock units did director Kelvin R. Westbrook receive?

He acquired 1,097.538 stock units on 07/01/2025.

What is the conversion ratio of the stock units awarded to ADM directors?

Each unit converts to one share of ADM common stock (1-for-1) at no cost.

When can the granted ADM stock units be converted into shares?

The earlier of five years after the award year or when the director leaves the board, per the plan rules.

Did the ADM director sell any shares in this Form 4 filing?

No. The transaction only involved an acquisition of stock units; no dispositions were reported.

What is the director’s total ADM stock-unit holding after this grant?

Kelvin R. Westbrook now beneficially owns 38,380.222 stock units.