Collins James C. Jr. 4

What Happened

• James C. Collins Jr., a director of Archer-Daniels-Midland Company (ADM), was credited with 78.203 stock units on 2026-06-10 under the company's Stock Unit Plan for Nonemployee Directors. The units were recorded as an award (transaction code A) at $0.00 (derivative security). This reflects dividend-equivalent reinvestment rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-06-10; Form 4 filed 2026-06-12 (timely filing).
• Amount: 78.203 stock units; reported price $0.00 (award/derivative).
• Conversion: 1-for-1 conversion/exercise ratio for the derivative security (F2).
• Settlement/vesting: Units are subject to the plan’s timing—generally the earlier of five years after the applicable calendar year quarter or the date the director leaves the board, per plan terms (F3).
• Source: Units credited as dividend equivalents under the nonemployee director stock unit plan (F1).
• Post-transaction holdings: not disclosed in the provided excerpt.
• This is an award/credit (common for nonemployee directors) and not a market purchase or sale.

Context

• Stock units awarded as dividend equivalents are a standard non-cash compensation mechanism for directors and do not necessarily signal a change in insider sentiment. As derivative stock units, they convert 1-for-1 into company shares under the plan’s terms or upon settlement/termination.