LUCIANO JUAN R 4

What Happened

• Juan R. Luciano, President & CEO and director of Archer-Daniels-Midland Co (ADM), was granted 81,825 performance share units (PSUs) on 2026-02-04. The filing shows these PSUs were certified as earned by ADM's compensation committee (each PSU = right to one share).
• On 2026-02-09 Luciano had 49,091 shares disposed (12,842 and 36,249 shares) at $66.33 per share to satisfy tax obligations, generating proceeds shown as $851,810 and $2,404,396 respectively (total ≈ $3,256,206). The disposals are reported with code F (payment of exercise price or tax liability), i.e., shares withheld/surrendered for taxes rather than an open-market sale.

Key Details

• Transaction dates: Award 2026-02-04; share dispositions (tax withholding) 2026-02-09.
• Prices and values: Disposed shares at $66.33 each; amounts $851,810 (12,842 sh) and $2,404,396 (36,249 sh); total ≈ $3.26M.
• Footnote: PSUs were "determined to have been earned" by the compensation committee; each unit converts to one share upon vesting/settlement.
• Shares owned after the transactions: Not specified in the filing.
• Filing: Report filed 2026-02-10 covering the 02-04 and 02-09 transactions.

Context

• This was an award (PSUs vesting) with shares surrendered to cover withholding/tax obligations — a common administrative step when equity awards vest. Such withholding/surrenders (code F) do not necessarily indicate a voluntary open-market sale or a change in conviction about the company.