William E. Krueger - Mar 1, 2024 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role: Chief Operating Officer
Signature: William E. Krueger, by Melissa Trippel, Limited Power of Attorney
Stock symbol: ANDE
Transactions as of: Mar 1, 2024
Transactions value $: -$212,883
Form type: 4
Date filed: 3/5/2024, 04:48 PM
Previous filing: Feb 16, 2024
Next filing: Sep 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANDE	Common Stock	Options Exercise	$0	+6.16K	+43.66%	$0.00	20.3K	Mar 1, 2024	Direct
transaction	ANDE	Common Stock	Options Exercise	$0	+2.38K	+11.74%	$0.00	22.6K	Mar 1, 2024	Direct
transaction	ANDE	Common Stock	Award	$0	+146	+0.65%	$0.00	22.8K	Mar 1, 2024	Direct	F1
transaction	ANDE	Common Stock	Tax liability	-$213K	-3.85K	-16.9%	$55.28	18.9K	Mar 1, 2024	Direct	F2
holding	ANDE	Common Stock						516K	Mar 1, 2024	William E. Krueger Beneficiary Trust

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	RESTRICTED SHARE UNIT (2027)	Award		+14.3K			14.3K	Mar 1, 2024	Common Stock	14.3K		Direct	F3, F4
transaction	ANDE	RESTRICTED SHARE UNIT (2026)	Options Exercise		-6.16K	-33.34%		12.3K	Mar 1, 2024	Common Stock	6.16K		Direct	F3, F5
transaction	ANDE	RESTRICTED SHARE UNIT (2025)	Options Exercise		-2.38K	-50.01%		2.38K	Mar 1, 2024	Common Stock	2.38K		Direct	F3, F6

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

Explanation of Responses:

Id	Content
F1	Shares in lieu of cash dividend.
F2	Shares withheld to cover tax liability.
F3	Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.
F4	Restricted share units were granted on March 1, 2024 as part of the Issuer's annual equity grant. Restricted share units have a graded vesting schedule over the three-year period from date of grant.
F5	Restricted share units were granted on March 1, 2023 as part of the Issuer's annual equity grant. Restricted share units have a graded vesting schedule over the three-year period from date of grant.
F6	Restricted share units were granted on March 2, 2022 as part of the Issuer's annual equity grant. Restricted share units have a graded vesting schedule over the three-year period from date of grant.