ADM Director Michael S. Burke Receives Stock Unit Award

What Happened
Michael S. Burke, a member of the Board of Directors of Archer-Daniels-Midland Company (ADM), was credited with 121.2 stock units on September 9, 2026. The filing shows these were awarded at $0.00 (no cash paid) as derivative securities — stock units under the company’s Stock Unit Plan for Nonemployee Directors that represent dividend equivalents rather than an open‑market purchase.

Key Details

• Transaction date and type: 2026-09-09 — Award/Grant (A) of 121.2 stock units at $0.00.
• Aggregate cash value reported: $0 (these are dividend-equivalent stock units, not a cash purchase).
• Conversion: Derivative converts 1-for-1 into common shares (Footnote F2).
• Settlement/vesting: Units convert or settle at the earlier of (i) up to five years after the award/crediting year or (ii) the date the director leaves the board, subject to plan terms (Footnote F3).
• Post-transaction ownership: Not specified in this filing.
• Filing timeliness: Transaction reported on Form 4 filed 2026-09-11 for the 2026-09-09 transaction — appears timely under standard Form 4 rules.
• Footnote: Units were credited as dividend equivalents under the Stock Unit Plan for Nonemployee Directors (Footnote F1).

Context
These are routine nonemployee director compensation items — dividend equivalents converted to stock units — and do not represent an open-market purchase or sale. Such awards are common for director pay and do not by themselves indicate insider sentiment about the company’s stock. The units will convert to shares per the plan schedule or upon departure from the board.