Pinner Ian R 4

What Happened

• Ian R. Pinner, Senior Vice President of Archer-Daniels-Midland Co (ADM), had 10,171 performance share units (PSUs) determined to be earned and settled on Feb 4, 2026 (award/settlement).
• On Feb 9, 2026, a total of 4,136 shares were surrendered/withheld to satisfy tax liabilities at $66.33 per share (1,155 shares = $76,611 and 2,981 shares = $197,730), totaling $274,341. These transactions are reported under code A (award) and code F (payment of exercise price or tax liability).

Key Details

• Dates and prices: Award/settlement on 2026-02-04 (10,171 PSUs); withholding transactions on 2026-02-09 at $66.33/share.
• Shares withheld: 4,136 shares withheld to cover taxes; total withholding value reported = $274,341.
• Footnote: F1 — PSUs were certified as earned by the issuer’s compensation committee; each unit converts to one share upon vesting/settlement.
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Form 4 filed 2026-02-10. The award dated 2026-02-04 appears to have been reported after the typical two-business-day Form 4 window (i.e., late reporting for that award).

Context

• These transactions reflect PSUs vesting and routine tax-withholding at settlement, not an open-market sale or a new purchase. Withholding reduces the net shares delivered to the insider and is a common administrative step following equity vesting. Such withholding (code F) should not be read as an indication of additional selling intent.