Weston Heide - 02 Jan 2025 Form 3 Insider Report for Andersons, Inc. (ANDE)

Role: Executive VP, Agribusiness
Signature: Weston Heide, by Melissa Trippel, Limited Power of Attorney
Issuer symbol: ANDE
Transactions as of: 02 Jan 2025
Net transactions value: $0
Form type: 3
Filing time: 10 Jan 2025, 11:39:12 UTC
Next filing: 12 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ANDE	Common Stock						15,964	02 Jan 2025	Direct

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
holding	ANDE	RESTRICTED SHARE UNIT (2026)							02 Jan 2025	Common Stock	971		Direct	F1, F2
holding	ANDE	RESTRICTED SHARE UNIT (2025)							02 Jan 2025	Common Stock	310		Direct	F2, F3
holding	ANDE	RESTRICTED SHARE UNIT (2027)							02 Jan 2025	Common Stock	1,130		Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	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.
F2	Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.
F3	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.
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.