Patrick E. Bowe - Mar 1, 2024 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
Mar 1, 2024
Transactions value $
-$452,301
Form type
4
Date filed
3/5/2024, 04:51 PM
Previous filing
Feb 22, 2024
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANDE Common Stock Options Exercise $0 +8.75K +10.47% $0.00 92.3K Mar 1, 2024 Direct
transaction ANDE Common Stock Options Exercise $0 +9.14K +9.9% $0.00 101K Mar 1, 2024 Direct
transaction ANDE Common Stock Award $0 +361 +0.36% $0.00 102K Mar 1, 2024 Direct F1
transaction ANDE Common Stock Tax liability -$452K -8.18K -8.04% $55.28 93.6K Mar 1, 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 RESTRICTED SHARE UNIT (2027) Award +20.3K 20.3K Mar 1, 2024 Common Stock 20.3K Direct F3, F4
transaction ANDE RESTRICTED SHARE UNIT (2026) Options Exercise -8.75K -33.33% 17.5K Mar 1, 2024 Common Stock 8.75K Direct F3, F5
transaction ANDE RESTRICTED SHARE UNIT (2025) Options Exercise -9.14K -50% 9.13K Mar 1, 2024 Common Stock 9.14K 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.