ADM Director Debra Sandler Receives 183.75 Stock Units

What Happened Debra A. Sandler, a director of Archer-Daniels-Midland Company (ADM), was credited with 183.75 stock units on September 9, 2026. The Form 4 reports these as a grant/award (derivative security) at a recorded price of $0.00 — these units are not an open-market purchase or sale and no cash was exchanged at grant. The units represent a future right to receive common stock under ADM’s Stock Unit Plan for Nonemployee Directors.

Key Details

• Transaction date: 2026-09-09; Form 4 filed: 2026-09-11 (appears timely under the 2-business-day filing rule).
• Reported transaction: Award/credit of 183.75 stock units at $0.00 (derivative security).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes from the filing:
  • F1: These are stock units credited under the dividend-equivalent reinvestment provision of ADM’s Stock Unit Plan for Nonemployee Directors.
  • F2: Conversion is 1-for-1 (each unit converts to one share).
  • F3: Settlement is deferred — generally the earlier of five years after the relevant calendar year or the director’s departure from the board, subject to plan terms.

Context This was an award of deferred stock units for a nonemployee director, not a cash purchase or sale. Such grants are common compensation for board service and indicate compensation accrual rather than a direct insider bet on near-term stock moves. The units will convert to shares under the plan’s timing rules, so they should be viewed as deferred compensation rather than immediate market activity.