Jones Regina 4

What Happened
Regina Jones, Senior Vice President at Archer-Daniels-Midland Co (ADM), received 10,865 shares on 2026-02-04 as a performance-based award/settlement. A portion — 3,278 shares — were subsequently withheld on 2026-02-09 to satisfy tax withholding obligations at an implied per-share value of $66.33, a total withholding value of $217,430. The grant is reported as an award/acquisition (A); the withholding is reported as a tax payment/disposition (F).

Key Details

• Award date: 2026-02-04 — 10,865 shares granted (price $0.00 on grant; award/settlement of performance units).
• Tax withholding date: 2026-02-09 — 3,278 shares withheld/disposed at $66.33 per share, totaling $217,430.
• Footnote F1: These were performance share units (PSUs) certified as earned by ADM’s compensation committee; each unit converts to one share upon settlement.
• Footnote F2: The filing notes Jones acquired 80 shares under an employee stock purchase plan between Sept 5, 2025 and Feb 9, 2025 (per a plan statement dated 2026-02-09).
• Shares owned after the transactions: not specified in this Form 4 filing.
• Filing timeliness: The Form 4 was filed on 2026-02-10 covering the 2026-02-04 award — this appears to be later than the typical 2-business-day filing window.

Context

• This transaction is primarily a settlement of earned performance units rather than an open-market purchase or opportunistic sale. The withholding of 3,278 shares is a routine tax-withholding action (code F) and should not be read as a market sell decision by the insider.
• For retail investors: awards and withholding are common compensation events. Purchases (actual buys) are generally more informative about an insider’s conviction than routine award settlements and tax withholdings.