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Andersons, Inc. Director's Dealing 2023

Jan 6, 2023

32002_dirs_2023-01-06_50b4443c-e821-4cc0-9af7-f9940ada50e0.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: Valentine Brian A (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2023-01-04 Common Stock F 2623 $34.99 Disposed 39011.33 Direct
2023-01-04 Common Stock A 402.70 Acquired 39414.03 Direct

Holdings (Non-Derivative)

Security Shares Ownership
RESTRICTED SHARE UNIT (2025) 8907 Direct
PERFORMANCE SHARE UNIT (TSR) (2025) 8.908 Direct
PERFORMANCE SHARE UNIT (TSR) (2024) 11142 Direct
PERFORMANCE SHARE UNIT (TSR) (2023) 12966 Direct
PERFORMANCE SHARE UNIT (EPS) (2025) 8908 Direct
PERFORMANCE SHARE UNIT (EPS) (2024) 11142 Direct
PERFORMANCE SHARE UNIT (EPS) (2023) 12966 Direct

Footnotes

F1: Restricted share units have a graded vesting schedule over the three-year period from date of grant.

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: 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.