COLBERT THEODORE III 4

What Happened
Theodore Colbert III, a member of the Archer-Daniels-Midland Company (ADM) Board of Directors, was credited with 126.733 stock units on March 10, 2026 as an award (dividend-equivalent reinvestment) under ADM’s Stock Unit Plan for Nonemployee Directors. The units were recorded at $0.00 cash paid; they are derivative stock units rather than an open-market purchase of shares.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (appears timely under standard Form 4 rules).
• Amount: 126.733 stock units; reported acquisition price: $0.00.
• Security type: Derivative (stock units convertible 1-for-1 into common shares per plan).
• Vesting/settlement: Units convert/settle per the plan — generally the earlier of five years after the calendar year containing the award quarter (or credit as a dividend equivalent) or the date the director leaves the Board, subject to plan terms.
• Ownership after transaction: Not specified in the filing.
• Footnote: Units represent dividend equivalents credited under the nonemployee director stock unit plan.

Context: These units are routine director compensation (dividend-equivalent stock units) and are not an immediate purchase or sale of shares. They convert into common stock on the schedule set by the plan, so they do not necessarily reflect an immediate market view by the insider.