Patrick E. Bowe - 14 Feb 2024 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
14 Feb 2024
Net transactions value
-$2,896,999
Form type
4
Filing time
16 Feb 2024, 16:47:39 UTC
Previous filing
08 Jan 2024
Next filing
22 Feb 2024
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 $0 +59,542 +122% $0.000000 108,459 14 Feb 2024 Direct
transaction ANDE Common Stock Options Exercise $0 +59,542 +55% $0.000000 168,001 14 Feb 2024 Direct
transaction ANDE Common Stock Award $0 +5,020 +3% $0.000000 173,021 14 Feb 2024 Direct F1
transaction ANDE Common Stock Tax liability $2,896,999 -54,909 -32% $52.76 118,112 14 Feb 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 -59,542 -100% 0 14 Feb 2024 Common Stock 59,542 Direct F3, F4
transaction ANDE PERFORMANCE SHARE UNIT (TSR) (2024) Options Exercise -59,542 -100% 0 14 Feb 2024 Common Stock 59,542 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.