Burke Michael S 4

What Happened

• Michael S. Burke, a director of Archer-Daniels-Midland Company (ADM), was credited with 137.511 stock units on 2026-03-10. The filing shows an acquisition/award (code A) at a $0.00 acquisition price; these are derivative stock units rather than an open‑market purchase or cash sale.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (appears timely).
• Amount: 137.511 stock units; reported acquisition price: $0.00 (award/derivative).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes:
  • F1: Units credited under the dividend-equivalent reinvestment provision of ADM’s Stock Unit Plan for Nonemployee Directors.
  • F2: Derivative converts 1-for-1 into common shares.
  • F3: Vesting/convertibility is subject to plan timing — generally the earlier of five years after the applicable award period, the credit date, or the director’s departure from the board (with certain plan extensions possible).

Context

• This was a compensation award (routine director stock unit credit) rather than a market purchase or sale, so it should be read as a non‑transactional grant tied to ADM’s director compensation plan. The units are derivative stock units convertible to common shares per the plan terms and not an immediate cash or market trade.