Schlitz Lei Zhang 4
4 · Archer-Daniels-Midland Co · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Archer-Daniels-Midland Director Lei Schlitz Receives Award
What Happened
Lei Schlitz, a director of Archer-Daniels-Midland Company (ADM), was credited with 124.811 stock units on March 10, 2026. The Form 4 reports this as an award/grant (derivative security) at $0.00 per unit — these are stock units (not open-market shares) credited under ADM’s Stock Unit Plan for Nonemployee Directors.
Key Details
- Transaction date: 2026-03-10; Type: Award/Grant (code A); Amount: 124.811 stock units; Price reported: $0.00 (no cash paid).
- Form filed: 2026-03-12 (appears timely; Form 4 is generally due within two business days).
- Shares owned after transaction: not disclosed on this Form 4.
- Footnotes of note:
- F1: Units represent stock credited under the dividend equivalent reinvestment provision of the nonemployee director stock unit plan.
- F2: Conversion/exercise ratio is 1-for-1 (stock units convert to one share each).
- F3: Settlement/forfeiture timing is tied to plan terms — generally the earlier of five years after the award-crediting year or when the director leaves the Board (subject to plan extensions).
Context
This is a derivative award (stock units credited as dividend equivalents), not an open-market purchase or sale. No cash changed hands; the entry increases Schlitz’s potential future share holdings per the plan terms and does not by itself signal a buy or sell decision.
Insider Transaction Report
Form 4
Schlitz Lei Zhang
Director
Transactions
- Award
Stock Units
[F1][F2][F3]2026-03-10+124.811→ 16,558.974 totalExercise: $0.00→ Common Stock (124.811 underlying)
Footnotes (3)
- [F1]Represents stock units credited under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors.
- [F2]Conversion or exercise price of Derivative Security is 1-for-1.
- [F3]The earlier of the date five years after the end of the calendar year that includes the calendar quarter for which any stock unit is awarded to the participant, or in which such stock unit is credited to the participant as a dividend equivalent, or the date the participant ceases to be a member of the Board of Directors, in each case as may be extended pursuant to the terms of the Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.
Signature
Dana Ng, Attorney-in-Fact|2026-03-12