Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-17

Archer-Daniels-Midland (ADM)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$23,886,978
Juan Luciano total, FY2025
44th
CEO pay percentile vs peers
280:1
CEO-to-median pay ratio
96.15%
Say-on-pay support, latest vote
Companies that benchmark against ADM
17 companies name ADM as a compensation peer

Each company listed discloses ADM in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named ADM in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Juan Luciano$1,492,500$0$17,700,055$0$2,826,795$114,406$1,753,222$23,886,978
Chair of the Board, President and Chief Executive Officer
Monish Patolawala1,425,00006,950,06801,821,79141,866796,64311,035,368
Executive Vice President and Chief Financial Officer
Christopher Cuddy770,83803,275,0300757,600173,002347,1075,323,577
Senior Vice President and President, Carbohydrate Solutions and President, North America
Greg Morris735,50403,300,0330586,194220,416360,6515,202,798
Senior Vice President and President, Ag Services and Oilseeds
Ian Pinner700,00803,000,0390557,90082,498325,9894,666,434
Senior Vice President and President, Nutrition, and Chief Sales and Marketing Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Juan Luciano$23,886,978$21,569,894$24,414,668+2,317,084
Monish Patolawala11,035,36819,957,043−8,921,675
Christopher Cuddy5,323,5774,387,5955,009,923+935,982
Greg Morris5,202,7984,541,4465,273,437+661,352
Ian Pinner4,666,4344,252,398+414,036

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Dividend-equivalent accruals2026-04-018,50912 insiders, 12 accrual rows
Dividend-equivalent accruals2026-06-102,12112 insiders, 12 accrual rows
Dividend-equivalent accruals2026-07-019,10612 insiders, 12 accrual rows

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 36 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Kelvin R. WestbrookDirector2026-04-01A793.21$0$0Derivative, Class A CommonForm 4 ↗
Terrell K. CrewsDirector2026-04-01A879.4300Derivative, Class A CommonForm 4 ↗
Lei Z. SchlitzDirector2026-04-01A706.9900Derivative, Class A CommonForm 4 ↗
James C. Collins JrDirector2026-04-01A706.9900Derivative, Class A CommonForm 4 ↗
Theodore ColbertDirector2026-04-01A706.9900Derivative, Class A CommonForm 4 ↗
Patrick J. MooreDirector2026-04-01A793.2100Derivative, Class A CommonForm 4 ↗
D. R. McAtee IIDirector2026-04-01A706.9900Derivative, Class A CommonForm 4 ↗
Michael C. McMurrayDirector2026-04-01A180.6800Derivative, Class A CommonForm 4 ↗
Debra A. SandlerDirector2026-04-01A706.9900Derivative, Class A CommonForm 4 ↗
Ellen M. M. de BrabanderDirector2026-04-01A706.9900Derivative, Class A CommonForm 4 ↗
Michael S. BurkeDirector2026-04-01A827.700Derivative, Class A CommonForm 4 ↗
Suzan F. HarrisonDirector2026-04-01A793.2100Derivative, Class A CommonForm 4 ↗
D. R. McAtee IIDirector2026-06-10A33.7500Derivative, Class A CommonForm 4 ↗
Patrick J. MooreDirector2026-06-10A641.700Derivative, Class A CommonForm 4 ↗
Suzan F. HarrisonDirector2026-06-10A121.2700Derivative, Class A CommonForm 4 ↗
Terrell K. CrewsDirector2026-06-10A427.1200Derivative, Class A CommonForm 4 ↗
Kelvin R. WestbrookDirector2026-06-10A220.4100Derivative, Class A CommonForm 4 ↗
Theodore ColbertDirector2026-06-10A112.0200Derivative, Class A CommonForm 4 ↗
James C. Collins JrDirector2026-06-10A78.200Derivative, Class A CommonForm 4 ↗
Michael S. BurkeDirector2026-06-10A121.9300Derivative, Class A CommonForm 4 ↗
Lei Z. SchlitzDirector2026-06-10A110.3900Derivative, Class A CommonForm 4 ↗
Ellen M. M. de BrabanderDirector2026-06-10A65.4400Derivative, Class A CommonForm 4 ↗
Debra A. SandlerDirector2026-06-10A187.9800Derivative, Class A CommonForm 4 ↗
Michael C. McMurrayDirector2026-06-10A1.1600Derivative, Class A CommonForm 4 ↗
Patrick J. MooreDirector2026-07-01A746.7800Derivative, Class A CommonForm 4 ↗
Suzan F. HarrisonDirector2026-07-01A796.7900Derivative, Class A CommonForm 4 ↗
Michael S. BurkeDirector2026-07-01A829.300Derivative, Class A CommonForm 4 ↗
Lei Z. SchlitzDirector2026-07-01A715.5200Derivative, Class A CommonForm 4 ↗
Michael C. McMurrayDirector2026-07-01A715.5200Derivative, Class A CommonForm 4 ↗
Theodore ColbertDirector2026-07-01A715.5200Derivative, Class A CommonForm 4 ↗
Kelvin R. WestbrookDirector2026-07-01A746.7800Derivative, Class A CommonForm 4 ↗
Debra A. SandlerDirector2026-07-01A765.5300Derivative, Class A CommonForm 4 ↗
James C. Collins JrDirector2026-07-01A765.5300Derivative, Class A CommonForm 4 ↗
D. R. McAtee IIDirector2026-07-01A715.5200Derivative, Class A CommonForm 4 ↗
Ellen M. M. de BrabanderDirector2026-07-01A715.5200Derivative, Class A CommonForm 4 ↗
Terrell K. CrewsDirector2026-07-01A878.0600Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Monish PatolawalaPSU2025-02-1391,228$4,170,032
Christopher CuddyPSU2025-02-1342,9891,965,027
Juan LucianoPSU2025-02-13232,33510,620,033
Greg MorrisPSU2025-02-1343,3171,980,020
Greg MorrisRSU2025-02-1328,8781,320,013
Ian PinnerRSU2025-02-1326,2531,200,025
Monish PatolawalaRSU2025-02-1360,8192,780,036
Juan LucianoRSU2025-02-13154,8907,080,022
Christopher CuddyRSU2025-02-1328,6591,310,003
Ian PinnerPSU2025-02-1339,3791,800,014
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Monish Patolawala$2,780,036$4,170,032$060.0%
Christopher Cuddy1,310,0031,965,027060.0%
Juan Luciano7,080,02210,620,033060.0%
Greg Morris1,320,0131,980,020060.0%
Ian Pinner1,200,0251,800,014060.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Greg MorrisRSU5,240$450,116
Ian PinnerRSU8,663744,152
Juan LucianoRSU28,9872,489,983
Christopher CuddyRSU5,077436,114
Monish PatolawalaRSU15,1691,303,017
Monish PatolawalaRSU15,1681,302,931
Greg MorrisRSU9,530818,627
Christopher CuddyRSU9,457812,356
Ian PinnerRSU3,603309,498
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation programs are designed to reward for achieving our annual and long-term priorities. Our compensation and benefit programs are based on the following objectives: Reinforce a high-performance culture --linking short- and long-term compensation with individual and Company performance; Emphasize the long-term --structuring executive compensation to include a significant percentage of long-term equity awards; Focus on results --rewarding executives for long-term stockholder value creation, excellence in leadership, and implementing our business strategy; Remain market competitive --providing compensation that is consistent with the scope of responsibilities of the role with other comparable organizations to attract and retain high quality executive talent; and Maintain internal equity --structuring compensation and benefit programs with consistent features for employees and executives across the organization.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners, LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-07377,036,21413,692,4551,416,36796.15%Passed
20252025-05-08357,407,50220,524,7291,391,31494.57%Passed
20242024-05-23329,833,52549,311,0021,264,50386.99%Passed
20232023-05-04407,921,71324,868,1161,353,65594.25%Passed
20222022-05-05439,165,65119,381,4001,391,67495.48%Passed
20212021-05-06381,294,70560,915,7601,520,07585.93%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-0796.15%a
20252025-05-0894.57%b
20242024-05-2386.99%c

a. Approved under the standard stated in the filing — “A vote to "abstain" on each other proposal presented in this proxy statement will have the effect of a vote against those proposals.”.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)280 : 1
CEO total compensation$23,886,978
Median employee compensation$85,460
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Patrick J. MooreIndependent · Nominating and Corporate Governance (Chair) · Audit$125,000$228,750$0$192,003$545,753
Terrell K. CrewsIndependent · Lead Independent Director125,000255,0000124,822504,822
Kelvin R. WestbrookIndependent · Compensation and Succession (Chair) · Nominating and Corporate Governance125,000230,000076,639431,639
Michael S. BurkeIndependent · Audit (Chair) · Nominating and Corporate Governance125,000240,000040,384405,384
Suzan F. HarrisonIndependent · Audit125,000230,000040,468395,468
Debra A. SandlerIndependent · Audit · Nominating and Corporate Governance330,000059,069389,069
Lei Z. SchlitzIndependent · Compensation and Succession125,000205,000037,828367,828
Theodore ColbertIndependent · Compensation and Succession · Sustainability and Technology125,000205,000028,716358,716
James C. Collins JrIndependent · Audit · Compensation and Succession (Chair)125,000205,000018,247348,247
Ellen M. M. de BrabanderIndependent · Audit · Nominating and Corporate Governance125,000205,000014,294344,294
D. R. McAtee IIIndependent · Nominating and Corporate Governance · Compensation and Succession125,000205,00004,483334,483
Juan R. LucianoEmployee director · Board Chair00000
Michael C. McMurrayIndependent · Audit · Newly elected00000
09

Board fee structure and ownership guideline

Annual cash retainer$125,000
Annual equity retainer$205,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)35,000 / 25,000 / 25,000
Stock ownership guideline5x maximum cash portion of annual retainer ($625,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,250,000
Equity awards (grant-date value)$2,538,750
All other compensation$636,953
Total cost of the board$4,425,703

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Archer-Daniels-Midland names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Archer-Daniels-Midland.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Citigroup Inc.2025Jane Fraser$1,500,000$59,570,800$28,600,000$0$95,757,800
2Thermo Fisher Scientific Inc.2025Marc Casper1,785,53465,730,2117,951,3773,742,12379,923,350
3Apple Inc.2025Tim Cook3,000,00057,535,293012,000,00074,294,811
4Netflix, Inc.2025Ted Sarandos3,000,00041,398,42407,053,95853,905,972
5Tyson Foods, Inc.2025Donnie King1,662,00019,684,6372,943,7529,401,38534,469,569
6General Motors Company2025Mary Barra2,100,00021,623,97004,956,00029,895,868
7Accenture plc2025Julie Sweet1,550,00022,876,23204,500,00029,641,903
8Philip Morris International Inc.2025Jacek Olczak1,809,73718,033,56405,217,39129,072,171
9FedEx Corporation2026Rajesh Subramaniam1,550,0006,731,3643,715,06210,593,50027,554,018
10HCA Healthcare, Inc.2025Samuel Hazen1,577,8158,474,5438,514,0905,416,73226,456,606
11Northrop Grumman Corporation2025Kathy Warden1,840,38516,750,23004,218,00025,357,443
12Meta Platforms, Inc.2025Mark Zuckerberg100025,125,904
13RTX Corporation2025Christopher Calio1,525,00010,875,3916,753,909024,846,826
14CBRE Group, Inc.2025Robert Sulentic1,350,00019,023,32403,638,82424,325,039
15McKesson Corporation2026Brian Tyler1,591,66717,201,20204,456,66824,213,044
16Archer-Daniels-Midland2025Juan Luciano1,492,50017,700,05502,826,79523,886,978
17The Boeing Company2025Robert Ortberg1,500,0007,874,8189,624,9593,930,00023,581,389
18Lockheed Martin Corporation2025James Taiclet1,751,00013,667,64505,496,30023,453,308
19ConocoPhillips2025Ryan Lance1,800,00016,543,43404,590,00023,450,085
20The Allstate Corporation2025Thomas Wilson1,465,38510,886,4004,530,2275,597,23522,920,898
21MetLife, Inc.2025Michel Khalaf1,500,00014,797,60104,600,00022,364,273
22Lowe's Companies, Inc.2025Marvin Ellison1,544,23112,480,4674,262,8953,232,69321,581,889
23Honeywell International Inc.2025Vimal Kapur1,600,00010,866,2693,623,9143,516,80020,381,435
24Delta Air Lines, Inc.2025Edward Bastian1,082,50011,914,23105,846,04019,222,401
25Cardinal Health, Inc.2025Jason Hollar1,492,32913,431,44103,551,74218,976,195
26Molina Healthcare, Inc.2025Joseph Zubretsky1,600,00016,199,9880018,340,783
27The Progressive Corporation2025Susan Patricia Griffith1,094,23111,000,2785,443,79917,705,924
28Dell Technologies Inc.2026Michael Dell950,000002,394,0003,382,209
29Amazon.com, Inc.2025Andrew Jassy365,0000002,069,861
30Oracle Corporation2025Safra Catz950,0000001,113,417
31Berkshire Hathaway Inc.2025Warren Buffett100,000389,488

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Archer-Daniels-Midland94.7%PSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Accenture plcnot disclosedPSU 73 · RSU 27NoPay Governance LLC
Amazon.com, Inc.not disclosedRSU 100not disclosedNone (Committee may engage compensation consultants but did not do so in 2025)
Apple Inc.not disclosednot disclosednot disclosedPay Governance LLC
Berkshire Hathaway Inc.not disclosednot disclosednot disclosedGovernance, Compensation and Nominating Committee
Cardinal Health, Inc.136%PSU 60 · RSU 40Yes — Relative TSR modifierKorn Ferry
CBRE Group, Inc.134.8%PSU 34 · RSU 33 · MSU 33Yes — Relative TSRFrederic W. Cook & Co., Inc.
Citigroup Inc.not disclosedPSU 50 · RSU 50Yes — TSRFW Cook
ConocoPhillipsnot disclosednot disclosednot disclosednot disclosed
Dell Technologies Inc.126%not disclosedYes — Relative Total Shareholder Return (rTSR)Pay Governance
Delta Air Lines, Inc.54.46%PSU 50 · Cash LTI 25 · RSU 25NoFrederic W. Cook & Co., Inc. (FW Cook)
FedEx Corporation112.5%not disclosedYes — Relative TSR (FY24-FY26 LTI Cash Plan)Meridian Compensation Partners, LLC
General Motors Companynot disclosednot disclosedYes — Relative TSRnot disclosed
HCA Healthcare, Inc.195.78%SAR 50 · PSU 50NoSemler Brossy
Honeywell International Inc.126%PSU 50 · Options 25 · RSU 25Yes — three-year total shareowner return (TSR) relative to the 2025 Compensation Peer Groupnot disclosed
Lockheed Martin Corporation114%PSU 50 · RSU 30 · Cash LTI 20Yes — Relative TSRMeridian Compensation Partners
Lowe's Companies, Inc.104.67%PSU 50 · Options 25 · RSU 25NoSemler Brossy Consulting Group, LLC
McKesson Corporation140%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR) relative to comparator groupKorn Ferry
Meta Platforms, Inc.115%RSU 100not disclosedCompensia, Inc.
MetLife, Inc.100.5%PSU 70 · RSU 30Yes — TSR relative to TSR Peer GroupSemler Brossy Consulting Group
Molina Healthcare, Inc.not disclosedPSU 60 · RSU 40NoFW Cook
Netflix, Inc.117.57%PSU 50 · RSU 50Yes — Company TSR relative to the TSR of the companies in the S&P 500Compensia
Northrop Grumman Corporation114%PSU 70 · RSU 30Yes — Relative Total Shareholder Return (rTSR)Frederic W. Cook & Co.
Oracle Corporationnot disclosedOptions 100NoCompensia, Inc.
Philip Morris International Inc.138%PSU 60 · RSU 40Yes — TSR (Total Shareholder Return)Frederic W. Cook & Co.
RTX Corporation164%PSU 60 · Options 40Yes — TSR vs. Core A&D PeersFW Cook
The Allstate Corporation127.2%PSA 70 · Option 30Yes — Relative Total Shareholder Return (TSR)Pay Governance
The Boeing Company131%Options 55 · RSU 45not disclosedFW Cook (Frederic W. Cook & Co., Inc.)
The Progressive Corporation199%PSU 82 · RSU 18NoSemler Brossy
Thermo Fisher Scientific Inc.99.8%PSU 50 · Options 50Yes — Relative TSRPearl Meyer
Tyson Foods, Inc.197.8%PSU 50 · RSU 25 · Options 25NoAon

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Juan LucianoDEF 14A2026-03-260001193125-26-126218Section “Summary Compensation Table” · page 66. As printed: 23,886,978. Filing ↗machine: r3 · c39 · span 1318435–1318445
2Section 01, Monish PatolawalaDEF 14A2026-03-260001193125-26-126218Section “Summary Compensation Table” · page 66. As printed: 11,035,368. Filing ↗machine: r7 · c39 · span 1328625–1328635
3Section 01, Christopher CuddyDEF 14A2026-03-260001193125-26-126218Section “Summary Compensation Table” · page 66. As printed: 5,323,577. Filing ↗machine: r16 · c39 · span 1354577–1354586
4Section 01, Greg MorrisDEF 14A2026-03-260001193125-26-126218Section “Summary Compensation Table” · page 66. As printed: 5,202,798. Filing ↗machine: r11 · c39 · span 1340221–1340230
5Section 01, Ian PinnerDEF 14A2026-03-260001193125-26-126218Section “Summary Compensation Table” · page 66. As printed: 4,666,434. Filing ↗machine: r21 · c39 · span 1369865–1369874
6Section 03, Monish Patolawala PSUDEF 14A2026-03-260001193125-26-126218Section “Grants of Plan-based Awards During Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t348 · r6 · c9 · span 1386412–1386421
7Section 03, Christopher Cuddy PSUDEF 14A2026-03-260001193125-26-126218Section “Grants of Plan-based Awards During Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t348 · r10 · c9 · span 1389670–1389679
8Section 03, Juan Luciano PSUDEF 14A2026-03-260001193125-26-126218Section “Grants of Plan-based Awards During Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t348 · r4 · c9 · span 1384753–1384763
9Section 03, Greg Morris PSUDEF 14A2026-03-260001193125-26-126218Section “Grants of Plan-based Awards During Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t348 · r8 · c9 · span 1388015–1388024
10Section 03, Greg Morris RSUDEF 14A2026-03-260001193125-26-126218Section “Grants of Plan-based Awards During Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t348 · r8 · c4 · span 1387651–1387660
11Section 03, Ian Pinner RSUDEF 14A2026-03-260001193125-26-126218Section “Grants of Plan-based Awards During Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t348 · r12 · c4 · span 1391082–1391091
12Section 03, Monish Patolawala RSUDEF 14A2026-03-260001193125-26-126218Section “Grants of Plan-based Awards During Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t348 · r6 · c4 · span 1386048–1386057
13Section 03, Juan Luciano RSUDEF 14A2026-03-260001193125-26-126218Section “Grants of Plan-based Awards During Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t348 · r4 · c4 · span 1384389–1384398
14Section 03, Christopher Cuddy RSUDEF 14A2026-03-260001193125-26-126218Section “Grants of Plan-based Awards During Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t348 · r10 · c4 · span 1389306–1389315
15Section 03, Ian Pinner PSUDEF 14A2026-03-260001193125-26-126218Section “Grants of Plan-based Awards During Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t348 · r12 · c9 · span 1391622–1391631
16Section 07, pay ratioDEF 14A2026-03-260001193125-26-126218Section “CEO Pay Ratio”. As printed: 280 : 1. Filing ↗machine: span 1833767–1833772
17Section 08, Patrick J. MooreDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 545,753. Filing ↗machine: t210 · r17 · c19 · span 890824–890831
18Section 08, Terrell K. CrewsDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 504,822. Filing ↗machine: t210 · r9 · c19 · span 881942–881949
19Section 08, Kelvin R. WestbrookDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 431,639. Filing ↗machine: t210 · r23 · c19 · span 898164–898171
20Section 08, Michael S. BurkeDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 405,384. Filing ↗machine: t210 · r3 · c19 · span 875295–875302
21Section 08, Suzan F. HarrisonDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 395,468. Filing ↗machine: t210 · r13 · c19 · span 886365–886372
22Section 08, Debra A. SandlerDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 389,069. Filing ↗machine: t210 · r19 · c19 · span 893044–893051
23Section 08, Lei Z. SchlitzDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 367,828. Filing ↗machine: t210 · r21 · c19 · span 895276–895283
24Section 08, Theodore ColbertDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 358,716. Filing ↗machine: t210 · r5 · c19 · span 877524–877531
25Section 08, James C. Collins JrDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 348,247. Filing ↗machine: t210 · r7 · c19 · span 879711–879718
26Section 08, Ellen M. M. de BrabanderDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 344,294. Filing ↗machine: t210 · r11 · c19 · span 884132–884139
27Section 08, D. R. McAtee IIDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 334,483. Filing ↗machine: t210 · r15 · c19 · span 888548–888555
28Section 08, Juan R. LucianoDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 0. Filing ↗
29Section 08, Michael C. McMurrayDEF 14A2026-03-260001193125-26-126218Section “Director Compensation”. As printed: 0. Filing ↗
30Section 02, Kelvin R. Westbrook 2026-04-01Form 42026-04-020001225208-26-004231Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Terrell K. Crews 2026-04-01Form 42026-04-020001225208-26-004223Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Lei Z. Schlitz 2026-04-01Form 42026-04-020001225208-26-004230Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, James C. Collins Jr 2026-04-01Form 42026-04-020001225208-26-004222Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Theodore Colbert 2026-04-01Form 42026-04-020001225208-26-004221Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Patrick J. Moore 2026-04-01Form 42026-04-020001225208-26-004228Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, D. R. McAtee II 2026-04-01Form 42026-04-020001225208-26-004227Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Michael C. McMurray 2026-04-01Form 42026-04-020001225208-26-004225Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Debra A. Sandler 2026-04-01Form 42026-04-020001225208-26-004229Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Ellen M. M. de Brabander 2026-04-01Form 42026-04-020001225208-26-004224Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Michael S. Burke 2026-04-01Form 42026-04-020001225208-26-004220Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Suzan F. Harrison 2026-04-01Form 42026-04-020001225208-26-004226Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, D. R. McAtee II 2026-06-10Form 42026-06-120001225208-26-005980Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Patrick J. Moore 2026-06-10Form 42026-06-120001225208-26-005981Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Suzan F. Harrison 2026-06-10Form 42026-06-120001225208-26-005979Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Terrell K. Crews 2026-06-10Form 42026-06-120001225208-26-005977Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Kelvin R. Westbrook 2026-06-10Form 42026-06-120001225208-26-005985Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Theodore Colbert 2026-06-10Form 42026-06-120001225208-26-005975Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, James C. Collins Jr 2026-06-10Form 42026-06-120001225208-26-005976Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Michael S. Burke 2026-06-10Form 42026-06-120001225208-26-005974Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Lei Z. Schlitz 2026-06-10Form 42026-06-120001225208-26-005984Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Ellen M. M. de Brabander 2026-06-10Form 42026-06-120001225208-26-005978Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Debra A. Sandler 2026-06-10Form 42026-06-120001225208-26-005982Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Michael C. McMurray 2026-06-10Form 42026-06-120001225208-26-005983Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Patrick J. Moore 2026-07-01Form 42026-07-020001225208-26-006421Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Suzan F. Harrison 2026-07-01Form 42026-07-020001225208-26-006416Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Michael S. Burke 2026-07-01Form 42026-07-020001225208-26-006412Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Lei Z. Schlitz 2026-07-01Form 42026-07-020001225208-26-006419Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Michael C. McMurray 2026-07-01Form 42026-07-020001225208-26-006418Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Theodore Colbert 2026-07-01Form 42026-07-020001225208-26-006413Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Kelvin R. Westbrook 2026-07-01Form 42026-07-020001225208-26-006423Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Debra A. Sandler 2026-07-01Form 42026-07-020001225208-26-006422Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, James C. Collins Jr 2026-07-01Form 42026-07-020001225208-26-006420Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, D. R. McAtee II 2026-07-01Form 42026-07-020001225208-26-006417Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Ellen M. M. de Brabander 2026-07-01Form 42026-07-020001225208-26-006415Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Terrell K. Crews 2026-07-01Form 42026-07-020001225208-26-006414Insider equity transaction reported since the proxy statement. Filing ↗
66Section 06, 2026 voteForm 8-K2026-05-120000007084-26-000027Item 5.07 · say-on-pay result. As reported: 96.15% (votes for as printed: 377,036,214). Filing ↗
67Section 06, 2025 voteForm 8-K2025-05-140001193125-25-119567Item 5.07 · say-on-pay result. As reported: 94.57% (votes for as printed: 357,407,502). Filing ↗
68Section 06, 2024 voteForm 8-K2024-05-290001193125-24-149162Item 5.07 · say-on-pay result. As reported: 86.99% (votes for as printed: 329,833,525). Filing ↗
69Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
70Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
71Section 09b board cost (computed)ComputedcomputedCash 1,250,000 + equity 2,538,750 + all other 636,953 = 4,425,703, summed across the director compensation table rows.machine: formula: Σ = 4,425,703
72Citigroup Inc., Section 10b CEO totalDEF 14A2026-04-020001206774-26-000185CEO total compensation as printed in Citigroup Inc.'s own proxy. As printed: 95,757,800. Filing ↗machine: t303 · r1 · c9 · span 1389939–1389949
73Thermo Fisher Scientific Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-144585CEO total compensation as printed in Thermo Fisher Scientific Inc.'s own proxy. As printed: 79,923,350. Filing ↗machine: span 973487–973497
74Apple Inc., Section 10b CEO totalDEF 14A2026-01-080001308179-26-000008CEO total compensation as printed in Apple Inc.'s own proxy. As printed: 74,294,811. Filing ↗machine: span 549351–549361
75Netflix, Inc., Section 10b CEO totalDEF 14A2026-04-160001193125-26-159286CEO total compensation as printed in Netflix, Inc.'s own proxy. As printed: 53,905,972. Filing ↗machine: r3 · c30 · span 622677–622687
76Tyson Foods, Inc., Section 10b CEO totalDEF 14A2025-12-170000100493-25-000114CEO total compensation as printed in Tyson Foods, Inc.'s own proxy. As printed: 34,469,569. Filing ↗machine: r6 · c54 · span 884354–884364
77General Motors Company, Section 10b CEO totalDEF 14A2026-04-200001467858-26-000022CEO total compensation as printed in General Motors Company's own proxy. As printed: 29,895,868. Filing ↗machine: r2 · c8 · span 2619809–2619819
78Accenture plc, Section 10b CEO totalDEF 14A2025-12-120001308179-25-000651CEO total compensation as printed in Accenture plc's own proxy. As printed: 29,641,903. Filing ↗machine: t149 · r4 · c23 · span 1117150–1117161
79Philip Morris International Inc., Section 10b CEO totalDEF 14A2026-03-260001628280-26-021169CEO total compensation as printed in Philip Morris International Inc.'s own proxy. As printed: 29,072,171. Filing ↗machine: t204 · r2 · c7 · span 1084782–1084792
80FedEx Corporation, Section 10b CEO totalDEF 14A2026-08-170001104659-26-097836CEO total compensation as printed in FedEx Corporation's own proxy. As printed: 27,554,018. Filing ↗machine: r1 · c54 · span 1409491–1409501
81HCA Healthcare, Inc., Section 10b CEO totalDEF 14A2026-03-130001193125-26-106142CEO total compensation as printed in HCA Healthcare, Inc.'s own proxy. As printed: 26,456,606. Filing ↗machine: span 784078–784088
82Northrop Grumman Corporation, Section 10b CEO totalDEF 14A2026-04-030001133421-26-000007CEO total compensation as printed in Northrop Grumman Corporation's own proxy. As printed: 25,357,443. Filing ↗machine: r2 · c24 · span 1115708–1115718
83Meta Platforms, Inc., Section 10b CEO totalDEF 14A2026-04-160001628280-26-025532CEO total compensation as printed in Meta Platforms, Inc.'s own proxy. As printed: 25,125,904. Filing ↗machine: r2 · c36 · span 652962–652972
84RTX Corporation, Section 10b CEO totalDEF 14A2026-03-090001308179-26-000036CEO total compensation as printed in RTX Corporation's own proxy. As printed: 24,846,826. Filing ↗machine: t237 · r2 · c14 · span 908955–908966
85CBRE Group, Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-141285CEO total compensation as printed in CBRE Group, Inc.'s own proxy. As printed: 24,325,039. Filing ↗machine: t20 · r6 · c18 · span 508434–508444
86McKesson Corporation, Section 10b CEO totalDEF 14A2026-06-120000927653-26-000169CEO total compensation as printed in McKesson Corporation's own proxy. As printed: 24,213,044. Filing ↗machine: r2 · c21 · span 1260172–1260182
87Archer-Daniels-Midland (subject), Section 10b CEO totalDEF 14A2026-03-260001193125-26-126218CEO total compensation as printed in Archer-Daniels-Midland's own proxy. As printed: 23,886,978. Filing ↗machine: r3 · c39 · span 1318435–1318445
88The Boeing Company, Section 10b CEO totalDEF 14A2026-03-060001193125-26-096787CEO total compensation as printed in The Boeing Company's own proxy. As printed: 23,581,389. Filing ↗machine: r2 · c44 · span 1170571–1170581
89Lockheed Martin Corporation, Section 10b CEO totalDEF 14A2026-03-260000936468-26-000004CEO total compensation as printed in Lockheed Martin Corporation's own proxy. As printed: 23,453,308. Filing ↗machine: r4 · c27 · span 1276177–1276187
90ConocoPhillips, Section 10b CEO totalDEF 14A2026-03-300001104659-26-036366CEO total compensation as printed in ConocoPhillips's own proxy. As printed: 23,450,085. Filing ↗machine: span 1829926–1829936
91The Allstate Corporation, Section 10b CEO totalDEF 14A2026-04-100000899051-26-000063CEO total compensation as printed in The Allstate Corporation's own proxy. As printed: 22,920,898. Filing ↗machine: r4 · c27 · span 2365026–2365036
92MetLife, Inc., Section 10b CEO totalDEF 14A2026-04-290001099219-26-000026CEO total compensation as printed in MetLife, Inc.'s own proxy. As printed: 22,364,273. Filing ↗machine: r2 · c8 · span 3558353–3558363
93Lowe's Companies, Inc., Section 10b CEO totalDEF 14A2026-04-160000060667-26-000056CEO total compensation as printed in Lowe's Companies, Inc.'s own proxy. As printed: 21,581,889. Filing ↗machine: r2 · c8 · span 2406556–2406566
94Honeywell International Inc., Section 10b CEO totalDEF 14A2026-04-100000773840-26-000029CEO total compensation as printed in Honeywell International Inc.'s own proxy. As printed: 20,381,435. Filing ↗machine: span 2093429–2093439
95Delta Air Lines, Inc., Section 10b CEO totalDEF 14A2026-04-240001308179-26-000345CEO total compensation as printed in Delta Air Lines, Inc.'s own proxy. As printed: 19,222,401. Filing ↗machine: t124 · r1 · c35 · span 616606–616616
96Cardinal Health, Inc., Section 10b CEO totalDEF 14A2025-09-160000721371-25-000114CEO total compensation as printed in Cardinal Health, Inc.'s own proxy. As printed: 18,976,195. Filing ↗machine: r2 · c24 · span 1215211–1215221
97Molina Healthcare, Inc., Section 10b CEO totalDEF 14A2026-03-230001179929-26-000014CEO total compensation as printed in Molina Healthcare, Inc.'s own proxy. As printed: 18,340,783. Filing ↗machine: r3 · c21 · span 812138–812148
98The Progressive Corporation, Section 10b CEO totalDEF 14A2026-03-230000080661-26-000099CEO total compensation as printed in The Progressive Corporation's own proxy. As printed: 17,705,924. Filing ↗machine: t53 · r2 · c16 · span 816709–816719
99Dell Technologies Inc., Section 10b CEO totalDEF 14A2026-05-150001193125-26-226734CEO total compensation as printed in Dell Technologies Inc.'s own proxy. As printed: 3,382,209. Filing ↗machine: t353 · r3 · c27 · span 1739073–1739082
100Amazon.com, Inc., Section 10b CEO totalDEF 14A2026-04-090001104659-26-041026CEO total compensation as printed in Amazon.com, Inc.'s own proxy. As printed: 2,069,861. Filing ↗machine: span 1010745–1010754
101Oracle Corporation, Section 10b CEO totalDEF 14A2025-09-260001193125-25-220801CEO total compensation as printed in Oracle Corporation's own proxy. As printed: 1,113,417. Filing ↗machine: r5 · c28 · span 1109060–1109069
102Berkshire Hathaway Inc., Section 10b CEO totalDEF 14A2026-03-130001193125-26-106253CEO total compensation as printed in Berkshire Hathaway Inc.'s own proxy. As printed: 389,488. Filing ↗machine: t16 · r3 · c21 · span 81150–81157
103Section 10a, Apple Inc. reciprocityDEF 14A0001308179-26-000008Apple Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
104Section 10a, Accenture plc reciprocityDEF 14A0001308179-25-000651Accenture plc's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
105Section 10a, CBRE Group, Inc. reciprocityDEF 14A0001193125-26-141285CBRE Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
106Section 10a, Meta Platforms, Inc. reciprocityDEF 14A0001628280-26-025532Meta Platforms, Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
107Section 10a, Citigroup Inc. reciprocityDEF 14A0001206774-26-000185Citigroup Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
108Section 10a, Amazon.com, Inc. reciprocityDEF 14A0001104659-26-041026Amazon.com, Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
109Section 10a, Cardinal Health, Inc. reciprocityDEF 14A0000721371-25-000114Cardinal Health, Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
110Section 10a, ConocoPhillips reciprocityDEF 14A0001104659-26-036366ConocoPhillips's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
111Section 10a, HCA Healthcare, Inc. reciprocityDEF 14A0001193125-26-106142HCA Healthcare, Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
112Section 10a, Delta Air Lines, Inc. reciprocityDEF 14A0001308179-26-000345Delta Air Lines, Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
113Section 10a, Honeywell International Inc. reciprocityDEF 14A0000773840-26-000029Honeywell International Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
114Section 10a, Netflix, Inc. reciprocityDEF 14A0001193125-26-159286Netflix, Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
115Section 10a, General Motors Company reciprocityDEF 14A0001467858-26-000022General Motors Company's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
116Section 10a, Lockheed Martin Corporation reciprocityDEF 14A0000936468-26-000004Lockheed Martin Corporation's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
117Section 10a, Oracle Corporation reciprocityDEF 14A0001193125-25-220801Oracle Corporation's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
118Section 10a, McKesson Corporation reciprocityDEF 14A0000927653-26-000169McKesson Corporation's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
119Section 10a, Northrop Grumman Corporation reciprocityDEF 14A0001133421-26-000007Northrop Grumman Corporation's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
120Section 10a, Molina Healthcare, Inc. reciprocityDEF 14A0001179929-26-000014Molina Healthcare, Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
121Section 10a, RTX Corporation reciprocityDEF 14A0001308179-26-000036RTX Corporation's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
122Section 10a, Philip Morris International Inc. reciprocityDEF 14A0001628280-26-021169Philip Morris International Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
123Section 10a, The Allstate Corporation reciprocityDEF 14A0000899051-26-000063The Allstate Corporation's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
124Section 10a, The Boeing Company reciprocityDEF 14A0001193125-26-096787The Boeing Company's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
125Section 10a, The Progressive Corporation reciprocityDEF 14A0000080661-26-000099The Progressive Corporation's most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗
126Section 10a, Tyson Foods, Inc. reciprocityDEF 14A0000100493-25-000114Tyson Foods, Inc. names Archer-Daniels-Midland in its own disclosed peer group (read from its most recent proxy). Filing ↗
127Section 10a, Lowe's Companies, Inc. reciprocityDEF 14A0000060667-26-000056Lowe's Companies, Inc.'s most recent proxy was read; its disclosed peer group does not include Archer-Daniels-Midland. Filing ↗