Schlitz Lei Zhang 4

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.