Form 4: Archer-Daniels-Midland Director Patrick J. Moore Receives Stock Unit Grant

Archer-Daniels-Midland Company's Director, Patrick J. Moore, was granted 1,097.538 stock units as part of the company's Nonemployee Directors' Stock Unit Plan.

Summary

• Patrick J. Moore, a Director at Archer-Daniels-Midland Co (ADM), was granted 1,097.538 stock units.
• The transaction occurred on July 1, 2025, and was made pursuant to Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors.
• The conversion or exercise price of these derivative securities is 1-for-1, with a stated price of $0.0000.
• Following this transaction, Patrick J. Moore beneficially owns 95,243.419 derivative securities (stock units).
• The stock units are exercisable and expire on the earlier of five years after the end of the calendar year of award/dividend credit, or when the participant ceases to be a Board member, as per the plan terms.

Sentiment

Score: 6

Explanation: The grant of stock units to a director is a routine compensation event that aligns the director's interests with shareholders, generally viewed as a neutral to slightly positive development for corporate governance and long-term alignment.

Positives

• The grant of stock units to a non-employee director aligns the director's interests with those of the shareholders, promoting long-term value creation.

Future Outlook

The stock units are subject to vesting and expiration terms, which are tied to a five-year period from the grant/credit date or the cessation of Board membership, aligning future compensation with continued service.

Industry Context

The grant of stock units to non-employee directors is a common practice in publicly traded companies across various industries, including the agricultural processing and food ingredients sector where Archer-Daniels-Midland operates. This method of compensation is used to attract and retain qualified board members and align their long-term interests with company performance.

Comparison to Industry Standards

• Granting stock units or other equity-based compensation to non-employee directors is a standard practice across most public companies, including those in the food and agriculture sector like Cargill, Bunge, or Tyson Foods, to align director incentives with shareholder value.
• The specific number of units granted (1,097.538) would typically be determined by a compensation committee based on factors such as the director's role, the company's size, and prevailing market practices for director compensation, though specific comparable grants are not detailed in this filing.

Corporate Governance

Related Party Transactions

• The grant of stock units to Director Patrick J. Moore constitutes a related party transaction, as it involves compensation provided by the company to a member of its Board of Directors under a pre-approved stock unit plan.

Stakeholder Impact

• Shareholders: The grant of stock units, while a form of compensation, aligns the director's financial interests with the company's long-term stock performance, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on employees is indicated by this specific filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this specific filing.

Next Steps

• The stock units will vest and potentially be converted into common stock based on the terms of the Archer-Daniels-Midland Company's Stock Unit Plan for Nonemployee Directors, specifically upon the earlier of five years after the end of the calendar year of award/dividend credit or the cessation of the participant's Board membership.

Key Dates

Keywords

Archer-Daniels-Midland, ADM, Stock Units, Director Compensation, Insider Transaction, Form 4, Equity Grant, Corporate Governance