MOORE PATRICK J 4

What Happened

• Patrick J. Moore, a director of Archer-Daniels-Midland Company (ADM), was credited 750.543 stock units on 2026-03-10 as an award (derivative security) under the company's Stock Unit Plan for Nonemployee Directors. The Form 4 reports an acquisition at $0.00 (no cash purchase price recorded); these are derivative stock units rather than open-market share purchases.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (appears timely under Section 16 reporting requirements).
• Reported transaction: Award/Grant (code A) of 750.543 stock units at $0.00.
• Conversion/exercise: Units convert 1-for-1 into shares per the plan (footnote F2).
• Footnote F1: Units were credited under the dividend-equivalent reinvestment provision of ADM’s Stock Unit Plan for Nonemployee Directors.
• Footnote F3: Settlement/retention timing: units vest/settle no later than the earlier of five years after the applicable calendar year/quarter or when the participant leaves the board, subject to plan terms.
• Shares owned after the transaction: not specified in the provided filing.

Context

• These are award/derivative stock units (not an open-market buy or a sale). Such awards are commonly part of director compensation and reflect plan mechanics (dividend equivalents converted to stock units) rather than an immediate bullish or bearish trading signal.
• Because the units are recorded at $0.00 and convert 1-for-1, eventual value to the director will depend on ADM’s future share price at settlement.