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Andersons, Inc. Director's Dealing 2024

Feb 16, 2024

32002_dirs_2024-02-16_7019c866-b97a-4eda-a29e-35fdd21d0de5.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: 2024-02-14

Reporting Person: Krueger William E. (Chief Operating Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2024-02-14 Common Stock M 8616 Acquired 10303.63 Direct
2024-02-14 Common Stock M 8616 Acquired 18919.63 Direct
2024-02-14 Common Stock A 726.35 Acquired 19645.98 Direct
2024-02-14 Common Stock F 5545 $52.76 Disposed 14100.98 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2024-02-14 PERFORMANCE SHARE UNIT (EPS) (2024) $ M 8616 Disposed Common Stock (8616) Direct
2024-02-14 PERFORMANCE SHARE UNIT (TSR) (2024) $ M 8616 Disposed Common Stock (8616) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 515539 Indirect

Footnotes

F1: Dividend equivalent received.

F2: Shares withheld to cover tax liability.

F3: Performance share units (PSUs) represent the right to receive common stock following a 3 year performance period. Number of underlying shares are determined by the three-year cumulative fully diluted EPS for the
performance period.

F4: Each PSU vests and converts to common stock as of February 14, 2024.

F5: Performance share units (PSUs) represent the right to receive common stock following a 3 year performance period. Number of underlying shares are based upon the level of satisfaction of the total shareholder return for
the performance period.