Sarah Zibbel - 03 Sep 2024 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role: EVP & Chief HR Officer
Signature: Sarah J. Zibbel, by Melissa Trippel, Limited Power of Attorney
Issuer symbol: ANDE
Transactions as of: 03 Sep 2024
Net transactions value: -$33,389
Form type: 4
Filing time: 05 Sep 2024, 08:29:24 UTC
Previous filing: 05 Mar 2024
Next filing: 04 Mar 2025
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	+1,945		$0.000000	1,945	03 Sep 2024	Direct
transaction	ANDE	Common Stock	Tax liability	$33,389	-604	-31%	$55.28	1,341	03 Sep 2024	Direct	F1
transaction	ANDE	Common Stock	Award	$0	+29	+2.1%	$0.000000	1,370	03 Sep 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 (2026)	Options Exercise		-1,945	-33%		3,889	03 Sep 2024	Common Stock	1,945		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Shares withheld to cover tax liability.
F2	Shares in lieu of cash dividend.
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 September 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.