Patrick E. Bowe - Jan 4, 2023 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role
President & CEO, Director
Signature
Patrick E. Bowe, by Melissa Trippel, Limited Power of Attorney
Stock symbol
ANDE
Transactions as of
Jan 4, 2023
Transactions value $
-$304,034
Form type
4
Date filed
1/6/2023, 01:41 PM
Previous filing
Mar 17, 2022
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANDE Common Stock Tax liability -$327K -9.34K -6.2% $34.99 141K Jan 4, 2023 Direct F1
transaction ANDE Common Stock Award $0 +1.48K +1.05% $0.00 143K Jan 4, 2023 Direct
transaction ANDE Common Stock Other $22.6K +646 +0.45% $34.99 143K Jan 4, 2023 Direct F2
holding ANDE RESTRICTED SHARE UNIT (2025) 27.4K Jan 4, 2023 Direct F3
holding ANDE PERFORMANCE SHARE UNIT (TSR) (2025) 41.1K Jan 4, 2023 Direct F4
holding ANDE PERFORMANCE SHARE UNIT (TSR) (2024) 59.5K Jan 4, 2023 Direct F4
holding ANDE PERFORMANCE SHARE UNIT (TSR) (2023) 72.3K Jan 4, 2023 Direct F4
holding ANDE PERFORMANCE SHARE UNIT (EPS) (2025) 41.1K Jan 4, 2023 Direct F5
holding ANDE PERFORMANCE SHARE UNIT (EPS) (2024) 59.5K Jan 4, 2023 Direct F5
holding ANDE PERFORMANCE SHARE UNIT (EPS) (2023) 72.3K Jan 4, 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Holdings were updated to correct for calculation errors in prior Form 4s, filed in November 2018 and January 2020, resulting in a net increase of 1,417 shares. All transactions were properly reported on previous Form 4s.
F2 Acquired through Section 423 Employee Share Purchase Plan.
F3 Restricted share units have a graded vesting schedule over the three-year period from date of grant.
F4 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.
F5 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.