Sandler Debra A. 4

What Happened Debra A. Sandler, a director of Archer-Daniels-Midland Company (ADM), was granted 706.994 stock units on April 1, 2026. The award was reported on an SEC Form 4 filed April 2, 2026. The units were granted under ADM’s Stock Unit Plan for Nonemployee Directors and show an acquisition price of $0.00 (i.e., no cash was paid at grant). These are derivative awards rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; SEC filing date: 2026-04-02 (timely filing).
• Award: 706.994 stock units; reported acquisition price $0.00.
• Conversion: Units convert on a 1-for-1 basis into ADM common stock (Footnote F2).
• Vesting/settlement: Governed by plan terms — generally the earlier of five years after the calendar year that includes the quarter of the award, the date the unit is credited as a dividend equivalent, or the director’s termination of board service (Footnote F3).
• Plan: Granted under Archer-Daniels-Midland Company’s Stock Unit Plan for Nonemployee Directors (Footnote F1).
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context This is a non-cash director compensation award (routine for nonemployee directors) rather than a purchase or sale; such grants compensate board service and may convert into shares per plan rules. Because this is an award, it does not by itself indicate the director is buying or selling stock; it’s a standard form of equity compensation for board members.