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Andersons, Inc. Director's Dealing 2025

Mar 4, 2025

32002_dirs_2025-03-04_bd6fcc81-ecdd-4074-b377-57d5f91dc12c.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: 2025-03-03

Reporting Person: Krueger William E. (President and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-03-03 Common Stock M 4769 Acquired 31395.42 Direct
2025-03-03 Common Stock M 6155 Acquired 37550.42 Direct
2025-03-03 Common Stock M 2378 Acquired 39928.42 Direct
2025-03-03 Common Stock A 426.77 Acquired 40355.19 Direct
2025-03-03 Common Stock F 4155 $42.78 Disposed 36200.19 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-03-03 RESTRICTED SHARE UNIT (2028) $ A 28389 Acquired Common Stock (28389) Direct
2025-03-03 RESTRICTED SHARE UNIT (2027) $ M 4769 Disposed Common Stock (4769) Direct
2025-03-03 RESTRICTED SHARE UNIT (2026) $ M 6155 Disposed Common Stock (6155) Direct
2025-03-03 RESTRICTED SHARE UNIT (2025) $ M 2378 Disposed Common Stock (2378) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 481539 Indirect

Footnotes

F1: Shares in lieu of cash dividend.

F2: Shares withheld to cover tax liability.

F3: Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.

F4: Restricted share units were granted on March 3, 2025 as part of the Issuer's annual equity grant. Restricted share units have a graded vesting schedule over the three-year period from date of grant.

F5: Restricted share units were granted on March 1, 2024 as part of the Issuer's annual equity grant. Restricted share units have a graded vesting schedule over the three-year period from date of grant.

F6: Restricted share units were granted on March 1, 2023 as part of the Issuer's annual equity grant. Restricted share units have a graded vesting schedule over the three-year period from date of grant.

F7: Restricted share units were granted on March 2, 2022 as part of the Issuer's annual equity grant. Restricted share units have a graded vesting schedule over the three-year period from date of grant.