Form 4: ADM Director Terrell K. Crews Receives Stock Unit Grant

Archer-Daniels-Midland Co director Terrell K. Crews was granted 1,101.797 stock units under the company's nonemployee director plan.

Summary

• Terrell K. Crews, a Director of Archer-Daniels-Midland Co (ADM), was granted 1,101.797 stock units.
• The grant occurred on January 2, 2026, as part of the company's Stock Unit Plan for Nonemployee Directors.
• Each stock unit is convertible on a 1-for-1 basis into shares of ADM Common Stock.
• Following this transaction, Mr. Crews directly beneficially owns 65,429.751 derivative securities.
• The stock units become exercisable on the earlier of five years after the end of the calendar year of the award or when the participant ceases to be a member of the Board of Directors.

Sentiment

Score: 6

Explanation: The grant of stock units to a director is a standard compensation practice, indicating continued alignment of management interests with shareholders. It's a neutral to slightly positive event for the company and positive for the director.

Positives

• Director Terrell K. Crews received a grant of 1,101.797 stock units, increasing his beneficial ownership in the company.
• The grant aligns the director's financial interests with those of shareholders through equity compensation.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Related Party Transactions

• The grant of stock units to Terrell K. Crews, a director, constitutes a related party transaction as it involves compensation provided by the company to a member of its board.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with those of shareholders, potentially encouraging decisions that enhance long-term shareholder value.
• Director (Terrell K. Crews): Receives additional equity compensation, increasing his stake and potential future wealth in the company.

Next Steps

• The stock units will vest and become exercisable based on the terms outlined in the Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.

Key Dates

Recommendation

This Form 4 filing reports a routine equity compensation grant to a nonemployee director. It does not provide new information that would fundamentally alter the investment thesis for Archer-Daniels-Midland Co. Investors should continue to hold based on broader company fundamentals and market conditions, as this specific transaction is not a catalyst for a change in recommendation.

Keywords

Archer-Daniels-Midland, ADM, Terrell K. Crews, Director, Stock Units, Equity Compensation, Insider Transaction, Form 4, SEC Filing