Sandler Debra A. 4

What Happened Debra A. Sandler, a director of Archer-Daniels-Midland Company (ADM), was granted 765.531 stock units on July 1, 2026 under ADM’s Stock Unit Plan for Nonemployee Directors. The award is reported as a derivative acquisition (transaction code A) with a reported price of $0.00 — this is a grant of stock units, not a market purchase, and no cash was paid.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (appears timely).
• Award: 765.531 stock units; reported acquisition price: $0.00 (derivative security).
• Conversion: stock units convert 1-for-1 into common shares per the plan (footnote: conversion ratio 1:1).
• Vesting/settlement: units convert/settle on the earlier of (a) up to five years after the relevant calendar year or (b) when credited as dividend equivalents, or (c) when the director leaves the board, subject to plan terms.
• Shares owned after transaction: not specified in the Form 4 filing.
• Source: Granted pursuant to ADM’s Stock Unit Plan for Nonemployee Directors (routine director compensation).

Context This is a routine director compensation grant and not an open‑market purchase or sale. Stock unit awards are common for nonemployee directors and do not by themselves indicate buying/selling sentiment by the insider. The units will convert to actual shares according to the plan’s timing and conversion rules.