Archer-Daniels-Midland Co director Debra A. Sandler filed a statement of changes in beneficial ownership on September 11, 2026, disclosing the crediting of 183.75 stock units under the company's dividend equivalent reinvestment provision on September 9, 2026.

Key Highlights

  • Reporting person: Debra A. Sandler, listed as a Director of Archer-Daniels-Midland Co (NYSE:ADM).
  • Transaction date: September 9, 2026, with the filing submitted September 11, 2026.
  • Units acquired: 183.75 stock units credited via the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors.
  • Transaction code: A (acquired), at a price of $0.0000, with a conversion ratio of 1-for-1 to common stock.
  • Resulting holdings: Sandler beneficially owns 30,540.579 stock units following the transaction, held directly.
  • Expiration terms: Units are settled at the earlier of five years after the relevant calendar year-end or the date the participant ceases to be a board member, subject to plan extension provisions.

Sandler's Stock Unit Accumulation Under ADM's Nonemployee Director Plan

According to the filing, the 183.75 stock units credited to Debra A. Sandler on September 9, 2026, represent amounts accumulated under the dividend equivalent reinvestment provision of the Archer-Daniels-Midland Company Stock Unit Plan for Nonemployee Directors. Archer-Daniels-Midland is a global agricultural processing and commodities trading company whose shares trade on the New York Stock Exchange. The plan allows nonemployee directors to accumulate stock units that are convertible into common stock on a 1-for-1 basis.

The filing discloses that the transaction was coded as an acquisition (code A) with a recorded price of $0.0000, consistent with units credited through dividend equivalent reinvestment rather than an open-market purchase. Following this crediting, Sandler's total directly held stock unit position stood at 30,540.579 units, as reported in Table II of the filing. The settlement timing for such units is governed by plan terms, with conversion occurring at the earlier of five years after the applicable calendar year-end or upon Sandler's departure from the board, subject to any extensions permitted under the plan.

What Was Disclosed

The filing reported the crediting of 183.75 derivative stock units to director Debra A. Sandler on September 9, 2026, under ADM's Stock Unit Plan for Nonemployee Directors, bringing her total beneficial ownership of such units to 30,540.579, all held directly.