Schlitz Lei Zhang 4

What Happened
Schlitz Lei Zhang, a member of the board of directors of Archer-Daniels-Midland Company (ADM), was granted 110.386 stock units on 2026-06-10 as an award (derivative security) at a $0.00 acquisition price. This was a non-cash grant credited under the dividend equivalent reinvestment provision of ADM’s Stock Unit Plan for Nonemployee Directors — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-10; reported on Form 4 filed 2026-06-12 (timely filing).
• Security: 110.386 stock units (derivative); acquisition price reported as $0.00.
• Conversion: units convert 1-for-1 into shares per the plan (footnote F2).
• Settlement/deferral: units are subject to the plan’s timing — generally the earlier of five years after the applicable calendar year/quarter or when the director leaves the board (footnote F3).
• Footnote: units were credited as dividend equivalents under the nonemployee director plan (footnote F1).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
These stock units are dividend-equivalent awards for a nonemployee director and represent a compensation/deferral mechanism rather than a direct cash investment. Such awards are common for board compensation and do not necessarily signal the director’s buy/sell market view.