Christine M. Castellano - 10 Feb 2025 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role
EVP, Gen Counsel & Corp Sec
Signature
Christine M. Castellano, by Melissa Trippel, Limited Power of Attorney
Issuer symbol
ANDE
Transactions as of
10 Feb 2025
Net transactions value
-$88,691
Form type
4
Filing time
12 Feb 2025, 17:31:59 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 +1,970 +6% $0.000000 35,005 10 Feb 2025 Direct
transaction ANDE Common Stock Options Exercise $0 +4,282 +12% $0.000000 39,287 10 Feb 2025 Direct
transaction ANDE Common Stock Award $0 +346 +0.88% $0.000000 39,633 10 Feb 2025 Direct F1
transaction ANDE Common Stock Tax liability $88,691 -2,177 -5.5% $40.74 37,456 10 Feb 2025 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 (TSR) (2025) Disposed to Issuer -2,312 -54% 1,970 10 Feb 2025 Common Stock 2,312 Direct F3, F4, F5
transaction ANDE PERFORMANCE SHARE UNIT (TSR) (2025) Options Exercise -1,970 -100% 0 10 Feb 2025 Common Stock 1,970 Direct F3, F4
transaction ANDE PERFORMANCE SHARE UNIT (EPS) (2025) Options Exercise -4,282 -100% 0 10 Feb 2025 Common Stock 4,282 Direct F4, F6
* 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 based upon the level of satisfaction of the total shareholder return for the performance period.
F4 Each PSU vests and converts to common stock as of February 10, 2025.
F5 PSU Vesting for fewer than allocated shares. Excess shares are being cancelled.
F6 Stock performance unit granted pursuant to The Andersons, Inc. Plan. Units vest 100% in 3 years contingent on cumulative EPS. Number of underlying shares are determined by the three-year cumulative fully diluted EPS for the performance period.