Morris Gregory A 4

What Happened

• Gregory A. Morris, Senior Vice President at Archer-Daniels-Midland Co (ADM), was awarded 14,794 performance share units on 2026-02-04 (each unit = one share).
• On 2026-02-09, 1,633 and 5,079 shares were disposed (code F) at $66.33 each to satisfy tax withholding, producing proceeds of $108,317 and $336,890 respectively (total ≈ $445,207).
• Net shares delivered to Morris from this vesting = 14,794 − 6,712 = 8,082 shares. The award is an issuance/settlement (not a market purchase) and the share disposals reflect routine tax withholding.

Key Details

• Award date: 2026-02-04 — 14,794 performance share units granted/vested (per footnote F1, certified by the compensation committee).
• Withholding/sales: 2026-02-09 — 1,633 @ $66.33 ($108,317) and 5,079 @ $66.33 ($336,890); total ≈ $445,207.
• Net shares retained from this settlement: ~8,082 (14,794 awarded − 6,712 withheld).
• Footnotes: F1 = performance share units were certified as earned; each unit equals one share on settlement. F2 notes the reporting person acquired "19.555" shares under an employee plan between 03/18/2025 and 02/09/2026 (plan statement dated 02/09/2026).
• Shares owned after the transactions are not disclosed in this Form 4.
• Filing: Form filed 2026-02-10 reporting transactions through 2026-02-09; the filing does not indicate a late-report flag.

Context

• These transactions reflect a standard settlement of performance share units and withholding to cover tax liability (code F). Withholding/disposal of shares to satisfy taxes is common and not necessarily a signal about the insider's market view.
• For retail investors: awards (A) increase the insider's economic stake before withholding; withholding (F) is a routine administrative sale to meet tax obligations.