Cuddy Christopher M 4

What Happened

• Christopher M. Cuddy, Senior Vice President of Archer-Daniels-Midland Co. (ADM), was granted 23,022 shares on 2026-02-12 (reporting code A — award/grant). The filing lists the acquisition price as $0.00 per share (typical for an equity award).
• On 2026-02-13, 4,318 shares were disposed (reporting code F — payment of exercise price or tax liability) at $69.50 per share, generating $300,101 to cover his tax liability. This disposal appears to be a withholding/surrender of shares for taxes rather than an open-market sale.

Key Details

• Grant: 23,022 shares (code A) on 2026-02-12; reported price $0.00 per share in the filing.
• Tax withholding/surrender: 4,318 shares (code F) on 2026-02-13 at $69.50 each, total $300,101.
• Shares owned after transaction: Not specified in the provided filing details.
• Notable: Code F indicates shares were surrendered to satisfy tax obligations related to the award (common for RSU/stock award vesting).
• Filing: Form 4 filed 2026-02-17 (accession 0001225208-26-001975); no late-filing flag noted in the provided information.

Context

• This pattern (award followed by share withholding) is routine when equity awards vest: the company grants shares and then withholds/surrenders a portion to cover taxes. Such withholdings are not the same as an open-market sale and do not necessarily signal the insider’s view on the stock.