Collins James C. Jr. 4

What Happened James C. Collins Jr., a member of the Board of Directors of Archer-Daniels-Midland Company (ADM), was granted 86.869 stock units on 2026-03-10. The units were reported as an award/derivative acquisition (transaction code A) with a reported acquisition price of $0.00 (no cash paid). These units are dividend equivalents credited under ADM’s Stock Unit Plan for Nonemployee Directors and will convert to common shares on the terms of the plan.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (filed within the usual two-business-day window).
• Amount: 86.869 stock units; reported price: $0.00; reported value: $0 (derivative award).
• Conversion: 1-for-1 conversion to common shares (footnote F2).
• Vesting/conversion timing: Units convert/settle per plan—generally the earlier of five years after the end of the calendar year that includes the quarter the unit was awarded, the date the unit is credited as a dividend equivalent, or when the participant ceases to be a director (footnote F3).
• Shares owned after transaction: not specified in the provided filing.
• Footnote summary: F1 = units credited as dividend equivalents under the nonemployee director plan; F2 = 1-for-1 conversion; F3 = plan’s timing/vesting rules.

Context This was a routine director compensation event (stock units issued as dividend equivalents), not an open-market purchase or sale. No cash was paid, and the report reflects a derivative award that will convert to common shares under plan rules—such grants are common for nonemployee directors and do not, by themselves, indicate insider market timing or sentiment.