Collins James C. Jr. 4

What Happened

• James C. Collins Jr., a director of Archer-Daniels-Midland Company (ADM), received a grant of 765.531 stock units on 2026-07-01. The units are a derivative award (reported as acquired at $0.00), not an open-market purchase.

Key Details

• Transaction date: 2026-07-01; Form filed: 2026-07-02 (timely filing).
• Transaction code: A (grant/award).
• Award size: 765.531 stock units; reported acquisition price: $0.00 (no cash paid).
• Derivative conversion: 1-for-1 conversion to ADM common shares (Footnote F2).
• Vesting/settlement: Units are subject to the plan’s timing rules — generally the earlier of five years after the applicable calendar year quarter, the date credited as dividend equivalents, or the director’s departure from the board, as may be extended per the plan (Footnote F3; Footnote F1 identifies the nonemployee directors’ stock unit plan).
• Shares owned after the transaction: not disclosed in this Form 4.

Context

• These stock units are routine compensation for nonemployee directors and are derivative awards rather than immediately issued common shares. Such grants are common and don’t necessarily signal insider buying or selling sentiment.