CREWS TERRELL K 4

What Happened
Terrell K. Crews, a director of Archer-Daniels-Midland Company (ADM), received an award of 878.057 stock units on July 1, 2026 under ADM’s Stock Unit Plan for Nonemployee Directors. The units were granted at a $0.00 acquisition price (award rather than a cash purchase). These are derivative awards that will convert to ordinary ADM shares on a 1-for-1 basis when they vest per the plan terms.

Key Details

• Transaction date: 2026-07-01 (reported 2026-07-02). Transaction code: A (award/grant).
• Units granted: 878.057 stock units; grant price reported as $0.00.
• Conversion: Derivative converts 1-for-1 into common shares (Footnote F2).
• Vesting/settlement: Units vest or convert at the earlier of (a) five years after the end of the calendar year that includes the quarter for which the unit is awarded (or credited as a dividend equivalent) or (b) the date the director ceases board service, subject to plan terms (Footnote F3).
• Shares owned after transaction: Not specified in the provided summary of the filing. See the Form 4 for total holdings.
• Filing timeliness: Reported the next day (filed 2026-07-02), so not marked late.

Context
Stock units granted to nonemployee directors are routine compensation and are typical retention/compensation instruments rather than open‑market purchases or sales. They only have market value once converted to common shares, and any eventual value depends on ADM’s stock price at vesting/settlement. This grant does not indicate an immediate purchase or sale of shares.