Burke Michael S 4

What Happened
Michael S. Burke, a director of Archer-Daniels-Midland Company (ADM), was granted 827.7 stock units (reported as a derivative security) on April 1, 2026. The units were awarded at $0.00 per unit (no cash paid) and are reported as an A (award/grant) transaction on the Form 4. The filing shows a conversion/exercise ratio of 1-for-1, so each stock unit converts to one share when settled.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely filing).
• Security/transaction: 827.7 stock units (derivative award), price reported $0.00.
• Conversion: 1-for-1 conversion/exercise ratio (footnote F2).
• Vesting/settlement: Units subject to plan terms — generally the earlier of five years after the applicable calendar year/quarter or when credited as dividend equivalents or cessation of Board service (footnote F3).
• Plan: Granted under Archer‑Daniels‑Midland Company’s Stock Unit Plan for Nonemployee Directors (footnote F1).
• Shares owned after transaction: Not specified in the filing.
• No 10b5-1 plan, tax-withholding, or sale noted in this filing.

Context
This was a compensation award to a nonemployee director, not an open‑market purchase or sale. Stock unit grants to directors are routine and typically subject to time-based restrictions before converting to common shares; they do not by themselves indicate the insider is buying or selling shares for investment reasons.