ADM Director Terrell Crews Receives 412 Stock Units

What Happened Terrell K. Crews, a member of Archer-Daniels-Midland Company’s Board of Directors, was credited with 412.27 stock units on 2026-09-09 under ADM’s Stock Unit Plan for Nonemployee Directors. The units were reported as acquired at $0.00 (no cash paid) and are recorded as derivative securities representing future shares.

Key Details

• Transaction date: 2026-09-09; filing date: 2026-09-11 (Form 4 accession 0001225208-26-007764) — appears timely (filed two days after the transaction).
• Shares/units reported: 412.27 stock units acquired at $0.00.
• Reported as a derivative (not an open-market purchase or sale). Conversion/exercise ratio: 1-for-1 (footnote F2).
• Footnote F1: Units were credited as dividend equivalents under the nonemployee director stock unit plan.
• Footnote F3: Settlement/expiration is the earlier of (a) up to five years after the calendar year of the award/credit or (b) the date the director leaves the board, subject to plan terms.
• Shares owned after the transaction: not specified in the provided Form 4 details.

Context This transaction reflects routine director compensation (stock units and dividend equivalents) rather than a market purchase or sale. The credited units are derivative rights that will convert 1-for-1 into common shares according to the plan’s timing/vesting rules; no immediate market-sale or cash exercise was reported. Such awards are common for nonemployee directors and should be viewed as compensation-related rather than a direct bullish or bearish trading signal.