Christine M. Castellano - Feb 14, 2024 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
Feb 14, 2024
Transactions value $
-$193,999
Form type
4
Date filed
2/16/2024, 04:34 PM
Previous filing
Jan 4, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANDE Common Stock Options Exercise $0 +5.74K +24.77% $0.00 28.9K Feb 14, 2024 Direct
transaction ANDE Common Stock Options Exercise $0 +5.74K +19.85% $0.00 34.7K Feb 14, 2024 Direct
transaction ANDE Common Stock Award $0 +484 +1.4% $0.00 35.2K Feb 14, 2024 Direct F1
transaction ANDE Common Stock Tax liability -$194K -3.68K -10.46% $52.76 31.5K Feb 14, 2024 Direct F2

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 PERFORMANCE SHARE UNIT (EPS) (2024) Options Exercise -5.74K -100% 0 Feb 14, 2024 Common Stock 5.74K Direct F3, F4
transaction ANDE PERFORMANCE SHARE UNIT (TSR) (2024) Options Exercise -5.74K -100% 0 Feb 14, 2024 Common Stock 5.74K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Dividend equivalent received.
F2 Shares withheld to cover tax liability.
F3 Performance share units (PSUs) represent the right to receive common stock following a 3 year performance period. Number of underlying shares are determined by the three-year cumulative fully diluted EPS for the performance period.
F4 Each PSU vests and converts to common stock as of February 14, 2024.
F5 Performance share units (PSUs) represent the right to receive common stock following a 3 year performance period. Number of underlying shares are based upon the level of satisfaction of the total shareholder return for the performance period.