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Andersons, Inc. Director's Dealing 2023

Jan 6, 2023

32002_dirs_2023-01-06_6d4b2b2b-3063-445b-a5bd-cbeebff44c00.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: 2023-01-04

Reporting Person: Hoelter Michael T. (VP, Corp Controller & IR)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2023-01-04 Common Stock F 397 $34.99 Disposed 7386.3214 Direct
2023-01-04 Common Stock A 55.21 Acquired 7441.5314 Direct

Holdings (Non-Derivative)

Security Shares Ownership
PERFORMANCE SHARE UNIT (EPS) (2023) 1708 Direct
PERFORMANCE SHARE UNIT (EPS) (2024) 1508 Direct
PERFORMANCE SHARE UNIT (EPS) (2025) 1178 Direct
PERFORMANCE SHARE UNIT (TSR) (2023) 1708 Direct
PERFORMANCE SHARE UNIT (TSR) (2024) 1508 Direct
PERFORMANCE SHARE UNIT (TSR) (2025) 1178 Direct
RESTRICTED SHARE UNIT (2025) 1177 Direct

Footnotes

F1: 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.

F2: 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.

F3: Restricted share units have a graded vesting schedule over the three-year period from date of grant.