LUCIANO JUAN R 4

What Happened

• Juan R. Luciano, President & CEO and Director of Archer-Daniels-Midland Co (ADM), was granted 106,475 shares on 2026-02-12 (reported as an award/acquisition at $0.00 per share). The following day, 23,330 shares were withheld to satisfy tax liabilities at $69.50 per share, a withholding value of $1,621,435. Net shares retained from the award: 83,145 (106,475 granted minus 23,330 withheld).
• This was an equity award with routine tax withholding — not an open-market sale or a purchase indicating new cash investment.

Key Details

• Transaction dates: Award acquired 2026-02-12; tax withholding (disposition) 2026-02-13.
• Prices and values: Award reported at $0.00 per share; 23,330 shares withheld at $69.50 = $1,621,435.
• Shares owned after transaction: Not disclosed on this Form 4 (see filing for full holdings).
• Transaction codes: A = award/grant (106,475 shares); F = tax withholding (23,330 shares).
• Filing timeliness: Form 4 filed 2026-02-17. This is after the typical two-business-day reporting window (transactionTimeliness = L), so the filing appears late.

Context

• The withholding is a routine method to cover tax liabilities arising from an equity award; it is not a market sale that signals a directional bet on the stock.
• For retail investors, award grants indicate executive compensation alignment with shareholders, but alone do not imply the insider is buying or selling stock for investment reasons.