Patrick E. Bowe - 11 Nov 2021 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role
President & CEO, Director
Signature
Patrick E. Bowe, by Melissa Trippel, Limited Power of Attorney
Issuer symbol
ANDE
Transactions as of
11 Nov 2021
Net transactions value
-$983,576
Form type
4
Filing time
15 Nov 2021, 13:25:30 UTC
Previous filing
10 Nov 2021
Next filing
28 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANDE Common Stock Options Exercise $834,378 +23,570 +15% $35.40 185,297 11 Nov 2021 Direct
transaction ANDE Common Stock Sale $908,977 -23,570 -13% $38.56 161,727 11 Nov 2021 Direct F1
holding ANDE PERFORMANCE SHARE UNIT (TSR) (2023) 72,268 11 Nov 2021 Direct F2
holding ANDE PERFORMANCE SHARE UNIT (TSR) (2024) 59,542 11 Nov 2021 Direct F2
holding ANDE PERFORMANCE SHARE UNIT (EPS) (2024) 59,542 11 Nov 2021 Direct F3
holding ANDE PERFORMANCE SHARE UNIT (TSR) (2022) 43,346 11 Nov 2021 Direct F2
holding ANDE PERFORMANCE SHARE UNIT (EPS) (2023) 72,268 11 Nov 2021 Direct F3
holding ANDE PERFORMANCE SHARE UNIT (EPS) (2022) 43,346 11 Nov 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ANDE Common Stock Options Exercise $908,977 -23,570 -12% $38.56 179,830 11 Nov 2021 Common Stock 23,570 $35.40 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $38.500 to $38.750. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
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.