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Andersons, Inc. Director's Dealing 2025

Mar 4, 2025

32002_dirs_2025-03-04_c5d31fd7-4f1d-49e7-87a6-01134ec7ec59.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: Bowe Patrick E. (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-03-03 Common Stock M 6777 Acquired 125418.6424 Direct
2025-03-03 Common Stock M 8747 Acquired 134165.6424 Direct
2025-03-03 Common Stock M 9134 Acquired 143299.6424 Direct
2025-03-03 Common Stock A 907.13 Acquired 144206.7724 Direct
2025-03-03 Common Stock F 11467 $42.78 Disposed 132739.7724 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-03-03 RESTRICTED SHARE UNIT (2027) $ M 6777 Disposed Common Stock (6777) Direct
2025-03-03 RESTRICTED SHARE UNIT (2026) $ M 8747 Disposed Common Stock (8747) Direct
2025-03-03 RESTRICTED SHARE UNIT (2025) $ M 9134 Disposed Common Stock (9134) Direct

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 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.

F5: 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.

F6: 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.