Morris Gregory A 4

What Happened

• Gregory A. Morris, Senior Vice President at Archer-Daniels-Midland Co. (ADM), had 3,195 shares withheld to satisfy tax liabilities related to an equity award/exercise. The shares were valued at $72.12 each, for a total of $230,423. This was a share disposition for tax withholding (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-20 (filed within the typical 2-business-day Form 4 window).
• Price per share: $72.12; Total value of shares withheld: $230,423.
• Shares owned after the transaction: not provided in the summary data here — see the Form 4 for current beneficial ownership totals.
• Footnote/transaction type: Code F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Filing timeliness: Not late (filed promptly).

Context

• This appears to be a routine tax-withholding disposal tied to an equity award or option exercise (a form of cashless/surrender-for-taxes transaction), not a market sale indicating a decision to take profits on the open market.
• Such withholding transactions are common when executives vest awards or exercise options and generally do not, by themselves, signal a change in insider sentiment.