Form 4: Director Suzan F. Harrison Acquires Archer-Daniels-Midland Co Stock Units

Director Suzan F. Harrison acquired stock units in Archer-Daniels-Midland Co (ADM) on April 1, 2024, under the company's Stock Unit Plan for Nonemployee Directors.

Summary

• On April 1, 2024, Suzan F. Harrison, a director of Archer-Daniels-Midland Co (ADM), acquired 872.67 stock units.
• These stock units were granted pursuant to ADM's Stock Unit Plan for Nonemployee Directors.
• The conversion or exercise price of each derivative security is 1-for-1.
• Following the transaction, Harrison directly owns 20,273.369 stock units.
• The stock units will be settled the earlier of five years after the end of the calendar year that includes the calendar quarter for which any stock unit is awarded, or the date the participant ceases to be a member of the Board of Directors.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of stock units by a director signals confidence in the company's future performance.

Future Outlook

The stock units will be settled the earlier of five years after the end of the calendar year that includes the calendar quarter for which any stock unit is awarded, or the date the participant ceases to be a member of the Board of Directors.

Industry Context

This filing is a routine disclosure of a director's stock unit acquisition, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock unit plans for non-employee directors are a common form of compensation in publicly traded companies like ADM.
• Companies such as Bunge, Cargill, and Louis Dreyfus Company also utilize similar compensation structures for their board members.
• The number of stock units granted and the terms of the plan are generally in line with industry standards for companies of ADM's size and market capitalization.

Stakeholder Impact

• The acquisition of stock units by a director can have a slightly positive impact on shareholders as it aligns the director's interests with those of the shareholders.

Key Dates