Sandler Debra A. 4

What Happened

Debra A. Sandler, a member of the Board of Directors of Archer-Daniels-Midland Company (ADM), was credited with 216.295 stock units on March 10, 2026. The award was recorded as a derivative acquisition (code A) at $0.00 per unit — these are stock units credited under the dividend-equivalent reinvestment provision of ADM’s Stock Unit Plan for Nonemployee Directors rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
• Transaction type: Award/Grant (code A); 216.295 stock units; acquisition price reported as $0.00.
• Conversion: Units convert 1-for-1 to common shares (footnote F2).
• Vesting/settlement: Units are subject to the plan’s deferral/settlement timing — generally the earlier of five years after the end of the calendar year that includes the quarter for which the unit was awarded (or credited as a dividend equivalent), or the date the director leaves the Board, as described in footnote F3.
• Shares owned after transaction: Not reported in this filing.
• Nature: Routine non-employee director compensation (dividend-equivalent stock-unit credit), not a market purchase or sale.

Context

These stock units reflect compensation and dividend-equivalent reinvestment for a non-employee director and are common administrative awards. They are derivative units that will convert into common shares per the plan’s timing rules, so this transaction should be viewed as compensation administration rather than an insider expressing a buy/sell market view.