ADM said it entered into a Transition Agreement with Vikram Luthar on April 19, 2024, under which Mr. Luthar will resign effective September 30, 2024. The resignation date can be moved earlier if Mr. Luthar and the company mutually agree.

1. 01

   ADM said it entered into a Transition Agreement with Vikram Luthar on April 19, 2024, under which Mr. Luthar will resign effective September 30, 2024. The resignation date can be moved earlier if Mr. Luthar and the company mutually agree.

2. 02

   The company said Mr. Luthar will be available until his resignation date to help the company and provide transitional support as needed, as a non-executive employee. While employed during the transition period, he will continue to receive his base salary and remain eligible to participate in the company's benefit plans under their plan terms.

3. 03

   The company said Mr. Luthar will receive his annual cash performance incentive award for 2023 in the amount of $743,419 and the shares earned under his 2021 performance share unit award. Both are subject to the same determinations of company performance metrics that applied to other executive officers.

4. 04

   ADM said Mr. Luthar may receive a prorated 2024 annual cash performance incentive, based solely on company performance metrics, if he remains employed through July 1, 2024. The company also said that, because he meets the age and service requirements, his outstanding equity awards will receive retirement treatment.

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