Collins James C. Jr. 4

What Happened
James C. Collins Jr., a member of the Board of Directors of Archer-Daniels-Midland Company (ADM), was granted 706.994 stock units (a derivative award) on April 1, 2026. The units were granted at $0.00 per unit (no cash paid) and are reported as a derivative security (transaction code A — award/grant).

Key Details

• Transaction date and price: 2026-04-01; 706.994 units at $0.00 per unit (no cash consideration).
• Filing date: 2026-04-02 (timely filing; no late-filing indication).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes from the filing:
  • F1: Award made under ADM’s Stock Unit Plan for Nonemployee Directors.
  • F2: Units convert 1-for-1 into common shares (conversion/exercise ratio is 1:1).
  • F3: Settlement/forfeiture timing follows the plan — generally the earlier of five years after the relevant calendar year/quarter or when credited as a dividend equivalent, or upon ceasing board service; plan may extend these periods per its terms.

Context
This is a routine director compensation award, not an open-market purchase or sale. Stock units are derivative rights that typically convert into common shares (per F2) at settlement or vesting; they do not represent immediate cash value and do not indicate an immediate sale. For retail investors, such grants are common for nonemployee directors and are primarily compensation rather than a direct signal of the director’s near-term market view.