CREWS TERRELL K 4

What Happened Terrell K. Crews, a director of Archer-Daniels-Midland Company (ADM), was granted 879.432 stock units on April 1, 2026. The award is recorded as a derivative grant (transaction code A) with a $0 acquisition price; the units convert 1-for-1 into common shares under the company's nonemployee director stock unit plan.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely).
• Security: Stock units (derivative security) — 879.432 units granted at $0.00.
• Conversion: Units convert 1-for-1 into ADM common shares (per filing footnote).
• Vesting/settlement: Subject to the plan’s timing rules — generally the earlier of five years after the end of the calendar year that includes the award quarter, the date credited as a dividend equivalent, or when the director leaves the board (see plan for details).
• Shares owned after transaction: Not specified in the supplied filing details.
• Transaction type: Award/grant (A) — not an open-market purchase or sale.

Context This is routine nonemployee director compensation paid in stock units rather than cash. Because the award carries a $0 acquisition price and converts to shares under a vesting/settlement schedule, it does not represent a market purchase or sale by the director. Such grants are common and do not, by themselves, indicate the director’s short-term trading intentions.