Christine M. Castellano - Mar 2, 2022 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role: EVP, Gen Counsel & Corp Sec
Signature: Christine M. Castellano, by Melissa Trippel, Limited Power of Attorney
Stock symbol: ANDE
Transactions as of: Mar 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/4/2022, 08:06 AM
Previous filing: Jan 5, 2022
Next filing: Jan 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANDE	RESTRICTED SHARE UNIT (2025)	Award	$0	+4.28K		$0.00	4.28K	Mar 2, 2022	Direct	F1
transaction	ANDE	PERFORMANCE SHARE UNIT (TSR) (2025)	Award	$0	+4.28K		$0.00	4.28K	Mar 2, 2022	Direct	F2
transaction	ANDE	PERFORMANCE SHARE UNIT (EPS) (2025)	Award	$0	+4.28K		$0.00	4.28K	Mar 2, 2022	Direct	F3
holding	ANDE	PERFORMANCE SHARE UNIT (EPS) (2023)						6.97K	Mar 2, 2022	Direct	F3
holding	ANDE	PERFORMANCE SHARE UNIT (TSR) (2024)						5.74K	Mar 2, 2022	Direct	F2
holding	ANDE	PERFORMANCE SHARE UNIT (EPS) (2024)						5.74K	Mar 2, 2022	Direct	F3
holding	ANDE	PERFORMANCE SHARE UNIT (TSR) (2023)						6.97K	Mar 2, 2022	Direct	F2
holding	ANDE	Common Stock						16.2K	Mar 2, 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.