de Brabander Ellen 4

What Happened

• Ellen de Brabander, a director of Archer-Daniels-Midland Company (ADM), was credited with 71.818 stock units on 2026-03-10. The Form 4 reports this as an award/other acquisition (code A) of a derivative security at $0.00; the filing lists the reported value as $0 because these are stock units (not a cash purchase).
• These units are derivative stock units that convert on a 1-for-1 basis to common shares under the company’s Stock Unit Plan for Nonemployee Directors and are credited under the plan’s dividend-equivalent reinvestment provision. This is routine director compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
• Amount: 71.818 stock units; reported price: $0.00; reported dollar value: $0 (award of units).
• Shares owned after transaction: not disclosed on the Form 4.
• Footnotes: F1 = units credited under dividend-equivalent reinvestment for nonemployee directors; F2 = conversion is 1-for-1; F3 = units are subject to the plan’s deferral/holding rules (generally the earlier of five years after the applicable calendar year or when the director leaves the board, subject to plan terms).
• Transaction code A = award/grant/other acquisition.

Context

• These stock units are a form of director compensation and are common for nonemployee directors; they do not represent an outright purchase or sale and should not be taken alone as a market sentiment signal.
• As derivative stock units, they will convert to shares per the plan’s terms (1-for-1) and may be subject to multi-year holding or deferral rules, limiting immediate transferability.