Sandler Debra A. 4

What Happened
Debra A. Sandler, a member of the Archer-Daniels-Midland Company (ADM) Board of Directors, received an award of 187.984 stock units on 2026-06-10. The transaction is reported as an award/acquisition (code A) of derivative securities at $0.00 per unit; the filing shows no immediate cash value. These are stock units (not regular shares) credited under the plan’s dividend-equivalent reinvestment provision.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (filed within the standard 2-business-day window).
• Award: 187.984 stock units; reported price $0.00 (derivative award).
• Conversion: Footnote indicates a 1-for-1 conversion/exercise ratio (each unit converts to one share).
• Vesting/settlement: Units are subject to the plan’s timing — generally the earlier of five years after the applicable year, the date credited as a dividend equivalent, or the director’s departure from the board (per plan rules).
• Shares owned after transaction: Not specified in the available filing.
• Remarks/POA: Filing references poasandler.txt (additional document available in the filing record).

Context
This is a routine director compensation award (derivative stock units credited as dividend equivalents), not an open-market purchase or sale. Such stock-unit awards are common for nonemployee directors and do not necessarily indicate a buy or sell signal; they represent future rights to receive shares per the plan’s conversion and vesting rules.