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Andersons, Inc. Director's Dealing 2023

Feb 22, 2023

32002_dirs_2023-02-22_81e1f4fc-7762-43b9-a21f-d728e17c5193.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Andersons, Inc. (ANDE)
CIK: 0000821026
Period of Report: 2023-02-21

Reporting Person: Valentine Brian A (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2023-02-21 PERFORMANCE SHARE UNIT (EPS) (2023) J 633.72 Acquired 13599.72 Direct
2023-02-21 PERFORMANCE SHARE UNIT (TSR) (2023) J 456.30 Acquired 13422.30 Direct
2023-02-21 PERFORMANCE SHARE UNIT (EPS) (2023) J 13599.72 Disposed 0 Direct
2023-02-21 PERFORMANCE SHARE UNIT (TSR) (2023) J 9792.30 Disposed 3630 Direct
2023-02-21 Common Stock J 13599.72 $44.74 Acquired 53013.75 Direct
2023-02-21 Common Stock J 9792.30 $44.74 Acquired 62806.05 Direct
2023-02-21 PERFORMANCE SHARE UNIT (TSR) (2023) J 3630 Disposed 0 Direct
2023-02-21 Common Stock F 3992 $44.74 Disposed 58814.05 Direct
2023-02-21 Common Stock F 3986 $44.74 Disposed 54828.05 Direct

Holdings (Non-Derivative)

Security Shares Ownership
PERFORMANCE SHARE UNIT (EPS) (2024) 11142 Direct
PERFORMANCE SHARE UNIT (EPS) (2025) 8908 Direct
PERFORMANCE SHARE UNIT (TSR) (2024) 11142 Direct
PERFORMANCE SHARE UNIT (TSR) (2025) 8.908 Direct
RESTRICTED SHARE UNIT (2025) 8907 Direct

Footnotes

F1: Dividend equivalent received.

F2: PSU vested.

F3: Shares received from vesting of PSU (Performance Share Unit).

F4: PSU Vesting for fewer than allocated shares. Excess shares are being cancelled.

F5: Stock performance unit granted pursuant to The Andersons, Inc. Plan. Units vest 100% in 3 years contingent on cumulative EPS. Number of underlying shares are determined by the three-year cumulative fully diluted EPS for the performance period.

F6: Stock performance unit (TSR) granted pursuant to The Andersons, Inc. Plan. Units vest 100% in 3 years contingent on the Company's annualized total shareholder return. Number of underlying shares are based upon the level of satisfaction of the total shareholder return for the performance period.

F7: Restricted share units have a graded vesting schedule over the three-year period from date of grant.