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ADMArcher Daniels Midland · Insider ownership research

Archer Daniels Midland insiders sold $10.1M in the past 12 months. How much of their stake is that?

About 4.6% overall. As a group they ended with more shares than they started with. The biggest individual seller, Gregory Morris, gave up 15% of starting holdings.

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 268 of the 539 other companies we can measure (#272 of 540)See ranking
1
buyer among officers and directors (1 trade), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
4 of 21
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 8, 2026Regina Jones had 1.7K shares ($144K) withheld by the company for taxes (not a market sale). That is 1.9% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Regina Jones
Senior Vice President
1,706$84.611.9%87KSep 8, 2026Sep 10, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about a third of the 5-year average. 4 insiders sold; the average is 4 a year. Year by year
Latest filing: Filed Sep 10 for a tax withholding on Sep 8. Regina Jones had 1.7K shares withheld by the company for taxes. Filing
126 SEC ownership filings in the period · See the evidence

What stands out

Ian Pinner sold 33% of vested holdings: 34K shares for $2.4M, none under a disclosed plan.Largest sale, Mar 13, 2026
David McAtee II bought 7.5K shares for $487K, first on Feb 5, 2026. These are the first by current officers or directors since Jul 29, 2021.Purchase, Feb 5, 2026
Three officers sold $7.7M with no disclosed plan: Gregory Morris ($3.4M, 15% of holdings), Christopher Cuddy ($2.6M, 10%) and Jennifer Weber ($1.7M, 19%). The filings don't state a reason.Gregory Morris: largest such sale, Mar 10, 2026 · Christopher Cuddy: largest such sale, Mar 13, 2026 · Jennifer Weber: largest such sale, Feb 17, 2026

Percentages cover 8 of 21 officers and directors. 13 are left out

i
Left out: Patrick Moore, Kelvin Westbrook, Debra Sandler, Suzan Harrison, Michael Burke, Lei Schlitz, James Collins Jr., Ellen de Brabander, David McAtee II, Michael McMurray and Jeffrey Rowe (held no vested shares at the start); Terrell Crews (most holdings were last confirmed in 2017); Theodore Colbert III (most holdings were last confirmed in 2021).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stake
Gregory Morris
Senior Vice President
15% · $3.4MNo plan disclosed
Christopher Cuddy
Senior Vice President
10% · $2.6MNo plan disclosed
Ian Pinner
Senior Vice President
33% · $2.4MNo plan disclosed
Jennifer Weber
Senior Vice President
19% · $1.7MNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDecJanFeb 2026: $1.7M no plan disclosedFebMar 2026: $8.4M no plan disclosed$8.4MMarAprMayJunJulAugSepOct

Common questions

Is the Archer Daniels Midland CEO selling stock?

No. Juan Luciano reported no open-market sales in the past 12 months.

Why are Archer Daniels Midland insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Archer Daniels Midland insiders buying?

Yes. 1 officer or director reported 1 purchase in the past 12 months (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

How much of their stake did Archer Daniels Midland insiders sell?

About 4.6% overall. As a group they ended with more shares than they started with. The biggest individual seller, Gregory Morris, gave up 15% of starting holdings. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold4 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Gregory Morris
Senior Vice President
$3.4M
50K shares
15%No plan disclosed
Christopher Cuddy
Senior Vice President
$2.6M
35K shares
10%No plan disclosed
Ian Pinner
Senior Vice President
$2.4M
34K shares
33%No plan disclosed
Jennifer Weber
Senior Vice President
$1.7M
25K shares
19%No plan disclosed
The full ownership picture21 of 21 insiders fully reconciled · 10 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
Juan Luciano
i
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals. Held through a limited liability company; counted with management because an officer's holdings are never split and the entity does not file in its own name. Held through Reflects the transfer of 899 non-voting units in a limited liability company; counted with management because an officer's holdings are never split and the entity does not file in its own name.
President & CEO, Director
1.89M02.15Mno sales
Vesting, gifts, unvested awards and holding lines for Juan Luciano
+581Kshares vested or exercised
0gifted (net of own trusts)
−504Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
  • Held through a limited liability company; counted with management because an officer's holdings are never split and the entity does not file in its own name.
  • Held through Reflects the transfer of 899 non-voting units in a limited liability company; counted with management because an officer's holdings are never split and the entity does not file in its own name.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock392,092657,460
Revocable TrustCommon Stock1,254,4191,254,419
Irrevocable TrustCommon Stock238,370238,370
Family LLCCommon Stock238238

Additional holdings last reported Aug 6, 2019, not confirmed since: 916,026 shares. Not included in any total or percentage on this page.

Christopher Cuddy
i
Minor difference of 86 shares. Difference is under 0.5% of holdings.
Senior Vice President
342K−35K331K97%
Vesting, gifts, unvested awards and holding lines for Christopher Cuddy
0shares vested or exercised
0gifted (net of own trusts)
−14Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock339,448328,051
Employee Benefit PlanCommon Stock2,4322,518

Reconciliation: minor difference of 86 shares. Difference is under 0.5% of holdings.

Gregory Morris
i
Minor difference of 25 shares. Difference is under 0.5% of holdings.
Senior Vice President
328K−50K298K91%
Vesting, gifts, unvested awards and holding lines for Gregory Morris
0shares vested or exercised
0gifted (net of own trusts)
−14Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock327,397296,927
Employee Benefit PlanCommon Stock705730

Reconciliation: minor difference of 25 shares. Difference is under 0.5% of holdings.

Monish Patolawala
Executive Vice President & CFO
229K0218Kno sales
Vesting, gifts, unvested awards and holding lines for Monish Patolawala
0shares vested or exercised
0gifted (net of own trusts)
−50Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock228,581218,253
Jennifer Weber
Senior Vice President
133K−25K122K92%
Vesting, gifts, unvested awards and holding lines for Jennifer Weber
0shares vested or exercised
0gifted (net of own trusts)
−8.3Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock132,630121,635
Ian Pinner
Senior Vice President
105K−34K88K84%
Vesting, gifts, unvested awards and holding lines for Ian Pinner
0shares vested or exercised
0gifted (net of own trusts)
−11Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock104,67487,772
Regina Jones
i
Minor difference of 80 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).
Senior Vice President
70K087Kno sales
Vesting, gifts, unvested awards and holding lines for Regina Jones
0shares vested or exercised
0gifted (net of own trusts)
−10Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock70,32487,022

Reconciliation: minor difference of 80 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Carrie Nichol
Vice President & CAO
32K035Kno sales
Vesting, gifts, unvested awards and holding lines for Carrie Nichol
0shares vested or exercised
0gifted (net of own trusts)
−5.4Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock32,33334,535
David McAtee II
Director
007.5Kno sales
Vesting, gifts, unvested awards and holding lines for David McAtee II
0shares vested or exercised
0gifted (net of own trusts)
3.6K → 6.8Kunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock07,500
Jeffrey Rowe
Executive Vice President & COO
00260Kno sales
Vesting, gifts, unvested awards and holding lines for Jeffrey Rowe
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock0259,935

21 of 21 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (18 exactly, 3 with a minor or footnoted difference). Percentages cover 8 of 21 officers and directors. Left out: Patrick Moore, Kelvin Westbrook, Debra Sandler, Suzan Harrison, Michael Burke, Lei Schlitz, James Collins Jr., Ellen de Brabander, David McAtee II, Michael McMurray and Jeffrey Rowe (held no vested shares at the start); Terrell Crews (most holdings were last confirmed in 2017); Theodore Colbert III (most holdings were last confirmed in 2021). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$10.1M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $10.1M across 144,106 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $10.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $3.4M of it is Gregory Morris. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Gregory Morris, Mar 10, 2026

Taxes

617,241 shares ($41.8M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (1 trade)

1 officer or director bought shares in this period, in 1 trade(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there are 13 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Gregory Morris
Senior Vice President
50K$3.4M0%34%Mar 10, 2026 to Mar 10, 2026
Christopher Cuddy
Senior Vice President
35K$2.6M0%25%Mar 13, 2026 to Mar 13, 2026
Ian Pinner
Senior Vice President
34K$2.4M0%24%Mar 13, 2026 to Mar 13, 2026
Jennifer Weber
Senior Vice President
25K$1.7M0%17%Feb 17, 2026 to Feb 17, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$1.7M$0$0$1.7M
Mar 2026$8.4M$0$0$8.4M
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about a third of the 5-year average. 4 insiders sold; the average is 4 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
144K4$10.1M
Oct 9, 2025
1 year earlier
00$0
Oct 9, 2024
2 years earlier
332K2$20.2M
Oct 10, 2023
3 years earlier
406K3$38.1M
Oct 10, 2022
4 years earlier
1.20M9$95.1M
Oct 10, 2021
5 years earlier
405K5$20.6M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Christopher Cuddy: minor difference of 86 shares. Difference is under 0.5% of holdings.

Gregory Morris: minor difference of 25 shares. Difference is under 0.5% of holdings.

Regina Jones: minor difference of 80 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Inferred rename: "Owned by Western Star Ag. Resources, Inc., formerly Star C, Inc., a Kansas corporation" is treated as the same holder as "Western Star Ag Resources, Inc., formerly Star C, Inc", because the old name was never reported again and the new one opened with the same balance (3,001,206 shares). Old name, new name

Inferred rename: "Owned by Star E, Inc. a Kansas corporation" is treated as the same holder as "Star E, Inc", because the old name was never reported again and the new one opened with the same balance (4,102,824 shares). Old name, new name

Inferred rename: "Owned by Star F, Inc., a Kansas corporation" is treated as the same holder as "Star F, Inc", because the old name was never reported again and the new one opened with the same balance (535,763 shares). Old name, new name

Inferred rename: "Star E, Inc" is treated as the same holder as "Star E-1, LLC, Star E-2, LLC and Star E-3, LLC", because the old name was never reported again and the new one opened with the same balance (4,102,824 shares). Old name, new name

Inferred rename: "Western Star Ag Resources, Inc., formerly Star C, Inc" is treated as the same holder as "Western Star Ag Resources, Inc", because the old name was never reported again and the new one opened with the same balance (2,991,678 shares). Old name, new name

Inferred typo: the share class "Commom Stock" is treated as the same class as "Common Stock" on 2 holding lines, because the two spellings are nearly identical and each balance carried over exactly. Example (Kenneth Robinson, 2,633 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology3,580 filings from SEC EDGAR, and how we read them

All 3,580 Forms 3, 4 and 5 filed for Archer Daniels Midland (SEC CIK 7084) from Jul 1, 2003 to Oct 5, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 3 filings were left out because Archer Daniels Midland filed them as an owner of another company's stock.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (74)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Fruit StraderFeb 14, 202516,007 shares, last reported balance as of Feb 13, 2025
Vikram LutharMar 22, 2024135,307 shares, last reported balance as of Mar 21, 2024
Ismael RoigMar 22, 202470,871 shares, last reported balance as of Mar 20, 2024
Donald FelsingerApr 4, 202360,000 shares, last reported balance as of Feb 7, 2019
Francisco SanchezApr 4, 20234,270 shares, last reported balance as of Jan 3, 2023
Cameron FindlayFeb 15, 2023321,479 shares, last reported balance as of Feb 13, 2023
Vincent MacciocchiFeb 15, 2023281,938 shares, last reported balance as of Feb 13, 2023
Ray YoungApr 29, 2022519,434 shares, last reported balance as of Apr 27, 2022
Pierre DufourApr 5, 202220,895 shares, last reported balance as of Jan 3, 2022
Joseph TaetsFeb 7, 2022297,041 shares, last reported balance as of Feb 2, 2022
John StottFeb 19, 202140,014 shares, last reported balance as of Feb 16, 2021
Ambrose DFeb 19, 2020232,995 shares, last reported balance as of Feb 18, 2020
Alan BoeckmannOct 3, 2019No balance on record
Daniel ShihApr 2, 2019No balance on record
Stefano RettoreFeb 19, 201929,586 shares, last reported balance as of Feb 14, 2019
Mollie CarterApr 4, 201711,424,352 shares, last reported balance as of Dec 28, 2016
Antonio MacielApr 4, 2017No balance on record
Thomas OneillApr 4, 2016No balance on record
Mark BemisAug 18, 2015124,804 shares, last reported balance as of Aug 16, 2015
Patricia WoertzAug 18, 20151,011,089 shares, last reported balance as of Aug 16, 2015
Matthew JansenFeb 13, 2015168,288 shares, last reported balance as of Feb 12, 2015
Gary TowneMay 1, 201427,507 shares, last reported balance as of Apr 30, 2014
Randall KampfeApr 2, 201478,940 shares, last reported balance as of Mar 11, 2014
Douglas OstermannApr 2, 20149,125 shares, last reported balance as of Feb 13, 2014
Michael LuskFeb 18, 201424,949 shares, last reported balance as of Feb 13, 2014
Shannon HerzfeldFeb 18, 201451,567 shares, last reported balance as of Feb 13, 2014
Victoria PodestaFeb 18, 201427,142 shares, last reported balance as of Feb 13, 2014
Kevin HessFeb 18, 201446,185 shares, last reported balance as of Feb 13, 2014
Marc SannerFeb 18, 201448,855 shares, last reported balance as of Feb 13, 2014
Domingo LastraFeb 18, 201450,730 shares, last reported balance as of Feb 13, 2014
Mark KolkhorstFeb 18, 201434,582 shares, last reported balance as of Feb 13, 2014
Benjamin BardFeb 18, 2014No balance on record
Craig HussAug 20, 2013104,574 shares, last reported balance as of Aug 20, 2013
George BuckleyJul 2, 2013No balance on record
Marschall SmithFeb 25, 201323,173 shares, last reported balance as of Feb 21, 2013
Scott RoneySep 12, 201217,077 shares, last reported balance as of Sep 10, 2012
David SmithSep 12, 2012352,347 shares, last reported balance as of Sep 10, 2012
John RiceMar 14, 2012361,631 shares, last reported balance as of Mar 14, 2012
Steven MillsJan 3, 2012305,846 shares, last reported balance as of Dec 30, 2011
Dennis RiddleDec 1, 201136,093 shares, last reported balance as of Nov 30, 2011
Mark ChevironNov 18, 20117,516 shares, last reported balance as of Nov 18, 2011
Michael BaroniNov 4, 201147,212 shares, last reported balance as of Nov 2, 2011
Victoria HaynesOct 4, 20111,000 shares, last reported balance as of Aug 8, 2008
Edward HarjehausenMar 12, 201098,929 shares, last reported balance as of Mar 11, 2010
Mark ZenukNov 9, 200936,386 shares, last reported balance as of Nov 6, 2009
Brian MulroneyOct 1, 2009No balance on record
Lewis BatchelderAug 11, 2008184,049 shares, last reported balance as of Aug 8, 2008
Douglas SchmalzFeb 14, 2008368,621 shares, last reported balance as of Feb 14, 2008
William CampDec 14, 2007236,573 shares, last reported balance as of Dec 14, 2007
Glenn WebbOct 2, 2007No balance on record
Roger JoslinOct 2, 2007No balance on record
Dennis GarceauAug 21, 2007171,943 shares, last reported balance as of Aug 19, 2007
Craig FischerAug 21, 200797,329 shares, last reported balance as of Aug 19, 2007
James ShafterAug 21, 200755,730 shares, last reported balance as of Aug 19, 2007
Margaret LoeblAug 21, 200774,008 shares, last reported balance as of Aug 19, 2007
Stephen YuAug 21, 200739,330 shares, last reported balance as of Aug 19, 2007
Randall MoonAug 21, 200722,023 shares, last reported balance as of Aug 19, 2007
Kenneth RobinsonAug 7, 2007155,852 shares, last reported balance as of Aug 3, 2007
Michael PachecoAug 7, 20071,151 shares, last reported balance as of Aug 3, 2007
Raymond PreiksaitisMar 1, 200774,686 shares, last reported balance as of Feb 28, 2007
Brian PetersonDec 28, 2006186,703 shares, last reported balance as of Dec 27, 2006
Allen AndreasDec 27, 20062,025,512 shares, last reported balance as of Dec 24, 2006
John BurgardOct 16, 200689,158 shares, last reported balance as of Oct 14, 2006
Wild van derNov 2, 2005101,671 shares, last reported balance as of Oct 31, 2005
John ReedAug 22, 2005127,095 shares, last reported balance as of Aug 22, 2005
Paul MulhollemAug 18, 2005692,297 shares, last reported balance as of Aug 17, 2005
Paul Krug Jr.Jan 5, 200555,607 shares, last reported balance as of Jan 3, 2005
David MimranOct 4, 2004No balance on record
John VanierOct 4, 200417,955,137 shares, last reported balance as of Jul 9, 2004
Maureen AusuraSep 30, 200459,676 shares, last reported balance as of Sep 29, 2004
Charles ArcherDec 17, 2003324,817 shares, last reported balance as of Dec 17, 2003
Herman De BoonOct 2, 2003No balance on record
Sandra McMurtrieOct 2, 2003No balance on record
Andrew YoungOct 2, 2003No balance on record

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