Brian K. Walz - Aug 25, 2023 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role
VP & Treasurer
Signature
Brian K. Walz, by Melissa Trippel, Limited Power of Attorney
Stock symbol
ANDE
Transactions as of
Aug 25, 2023
Transactions value $
-$175,002
Form type
4
Date filed
8/28/2023, 04:17 PM
Previous filing
Mar 3, 2023
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANDE Common Stock Sale -$175K -3.41K -18.53% $51.26 15K Aug 25, 2023 Direct
holding ANDE PERFORMANCE SHARE UNIT (EPS) (2026) 1.88K Aug 25, 2023 Direct F1
holding ANDE PERFORMANCE SHARE UNIT (TSR) (2024) 1.74K Aug 25, 2023 Direct F2
holding ANDE PERFORMANCE SHARE UNIT (EPS) (2025) 1.66K Aug 25, 2023 Direct F1
holding ANDE RESTRICTED SHARE UNIT (2025) 1.1K Aug 25, 2023 Direct F3
holding ANDE RESTRICTED SHARE UNIT (2026) 1.88K Aug 25, 2023 Direct F3
holding ANDE PERFORMANCE SHARE UNIT (TSR) (2025) 1.66K Aug 25, 2023 Direct F2
holding ANDE PERFORMANCE SHARE UNIT (EPS) (2024) 1.74K Aug 25, 2023 Direct F1
holding ANDE PERFORMANCE SHARE UNIT (TSR) (2026) 1.88K Aug 25, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 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.
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 Restricted share units vest one year after grant date.