de Brabander Ellen 4

What Happened

• Ellen de Brabander, a director of Archer-Daniels-Midland Company (ADM), received a grant of 706.994 stock units on 2026-04-01. The grant is reported as a derivative award with an acquisition price of $0.00.
• These stock units are awards (not an open-market purchase or sale) and are typically part of nonemployee director compensation rather than an indicator of immediate market sentiment.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (no indication of a late filing).
• Security: Stock units (derivative security) — 706.994 units granted; conversion/exercise is 1-for-1 into ADM common shares per the filing.
• Price: $0.00 (award/grant).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: (F1) Grant made under ADM’s Stock Unit Plan for Nonemployee Directors. (F2) Units convert 1-for-1 to common shares. (F3) Vesting/settlement timing: generally the earlier of five years after the end of the calendar year that includes the quarter of the award (or when credited as a dividend equivalent), or the date the participant leaves the board, subject to plan terms.

Context

• This was an equity award to a nonemployee director as part of board compensation, not a cash purchase or sale. Such grants are routine for directors and do not by themselves signal the director’s view on near-term stock performance.
• Because these are stock units (derivative awards) that convert to shares 1-for-1 upon settlement/vesting, they will only become actual common shares if and when the units vest and are converted per the plan terms.