WESTBROOK KELVIN R 4

What Happened Kelvin R. Westbrook, a member of Archer-Daniels-Midland Company’s Board of Directors, was credited with 253.869 stock units on 2026-03-10. The Form 4 reports this as an award/acquisition of a derivative security at $0.00 (no cash paid). This is a routine director compensation entry (dividend-equivalent stock units), not an open-market buy or sale.

Key Details

• Transaction date and price: 2026-03-10; 253.869 stock units acquired at $0.00 (transaction code A = award/acquisition).
• Report filing: Form 4 filed 2026-03-12 (timely, within typical 2-business-day SEC window).
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Notable footnotes:
  • F1: Units were credited under the dividend-equivalent reinvestment provision of ADM’s Stock Unit Plan for Nonemployee Directors.
  • F2: Derivative converts 1-for-1 to common shares (conversion/exercise ratio).
  • F3: Settlement/vesting timing is subject to the plan — generally the earlier of five years after the relevant calendar year/crediting or when the director leaves the Board (may be extended per plan terms).

Context These stock units are a form of deferred/director compensation (dividend equivalents) and are routine for nonemployee directors. They don’t represent an open-market purchase (which some investors view as a stronger bullish signal) nor a sale. Because they are derivative stock units with a 1-for-1 conversion, they will typically convert to ordinary shares (or cash equivalent) according to the plan’s timing provisions rather than being immediately tradable shares.