Major U.S. Grain Board Member Purchases Millions in Company Stock

On February 5, 2026, Archer-Daniels-Midland Company (ADM) board member David R. McAtee II purchased 7,500 shares of ADM stock in the open market at an average price of $64.896 per share, investing approximately $486,000 (about KRW 650 million). Following this transaction, his direct holdings total 7,500 shares, valued at roughly $506,850 (around KRW 680 million) based on a recent share price of $67.58.

In early February, ADM reported Q4 2025 revenue of approximately $18.56 billion, a 13–14% year-over-year decline that fell short of market expectations. However, adjusted earnings per share of $0.87 exceeded the consensus estimate. The company issued 2026 adjusted EPS guidance of $3.60–$4.25 per share, raised its quarterly dividend by 2%, and reached a $40 million agreement with the U.S. Securities and Exchange Commission to settle charges related to past intercompany accounting practices in its Nutrition segment (approximately KRW 500 billion).

Headquartered in Chicago, ADM is a global agricultural supply-chain company that sources and processes soybeans, corn and wheat worldwide to supply animal feed, food products, biofuels and sweeteners. McAtee joined ADM’s board as an independent director in November 2024 and concurrently serves as Senior Vice President and General Counsel at AT&T, bringing extensive regulatory and governance expertise to the board.