Schlitz Lei Zhang 4

What Happened
Schlitz Lei Zhang, a member of the Board of Directors of Archer-Daniels-Midland Company (ADM), was granted 706.994 stock units under ADM’s Stock Unit Plan for Nonemployee Directors on 2026-04-01. The award is a derivative grant (stock units) with a 1-for-1 conversion to common shares; no cash was exchanged on grant (acquisition price reported as $0.00). This is a routine director compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (filed promptly, within the standard two-business-day window).
• Security: Stock units granted under the Stock Unit Plan for Nonemployee Directors (transaction code A = Award/Grant).
• Amount: 706.994 stock units; conversion/exercise ratio: 1-for-1 (footnote F2). Reported acquisition price: $0.00 (derivative grant).
• Vesting/settlement: Units convert to shares per plan terms — generally the earlier of up to five years after the applicable calendar year-end, crediting as dividend equivalents, or upon ceasing to be a director; plan may provide extensions (footnote F3).
• Shares owned following the transaction: not stated in the provided filing.
• No tax withholding, sale, or 10b5-1 plan noted in the filing.

Context
This is a typical nonemployee director compensation award and does not necessarily signal personal bullish or bearish sentiment. For retail investors, such grants are routine and serve to align directors’ compensation with shareholder interests; they differ from purchases (which can be a stronger signal of conviction) or sales (which may be liquidity-driven). The award is a derivative stock-unit grant that will convert to common shares under the plan’s timing/vesting rules.