CREWS TERRELL K 4

What Happened Terrell K. Crews, a director of Archer-Daniels-Midland Company (ADM), was credited with 427.117 stock units on June 10, 2026. The Form 4 lists this as an award/grant (code A) of a derivative security at a $0.00 acquisition price, so the reported cash value is $0. These units were granted under the dividend equivalent reinvestment provision of ADM’s Stock Unit Plan for Nonemployee Directors (footnote 1).

Key Details

• Transaction date and price: 2026-06-10; 427.117 stock units @ $0.00 (award).
• Reported value: $0 (units credited as dividend equivalents, not a cash purchase).
• Conversion: units convert 1-for-1 into common shares per the plan (footnote 2).
• Vesting/settlement: subject to plan timing—generally no later than the earlier of five years after the applicable calendar year or when the director leaves the board (footnote 3).
• Shares owned after transaction: not reported in the provided filing excerpt.
• Filing: Form filed 2026-06-12 covering the 6/10/2026 transaction (reported two days after the transaction).

Context These stock units are routine nonemployee director compensation (dividend equivalents) and are different from a market purchase or sale—they do not by themselves indicate insider buying or selling sentiment. They are derivative units that will convert to shares per the plan’s terms when payable.