Nichol Carrie Ann 4

What Happened

• Carrie Ann Nichol, Vice President & Chief Administrative Officer of Archer-Daniels-Midland Co (ADM), was granted 7,569 shares on February 12, 2026. The Form 4 reports the acquisition price as $0.00 (transaction code A — award/grant), with a reported aggregate value of $0 on the filing. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-12; Reported on Form 4 filed: 2026-02-17.
• Transaction type/code: Award/Grant (A); reported acquisition price: $0.00.
• Shares acquired: 7,569.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes/plan details: None provided in the excerpt; $0 price typically indicates a restricted stock or RSU-style award subject to vesting.
• Timeliness: The Form 4 was filed five days after the transaction date; Form 4s are normally required within two business days, so this filing was later than standard SEC timeliness expectations.

Context

• Awards are typically compensation-related (e.g., restricted stock or RSUs) and often carry vesting conditions; they are not the same as an open-market buy and do not necessarily signal the insider is increasing their personal, immediately liquid exposure to the stock.
• Late filing affects disclosure timeliness but does not by itself indicate misconduct; investors should note the delay when assessing insider activity.