William E. Krueger - 10 Feb 2025 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role: President and CEO
Signature: William E. Krueger, by Melissa Trippel, Limited Power of Attorney
Issuer symbol: ANDE
Transactions as of: 10 Feb 2025
Net transactions value: -$134,564
Form type: 4
Filing time: 12 Feb 2025, 17:51:55 UTC
Previous filing: 03 Sep 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	+3,283	+17%	$0.000000	22,214	10 Feb 2025	Direct
transaction	ANDE	Common Stock	Options Exercise	$0	+7,138	+32%	$0.000000	29,352	10 Feb 2025	Direct
transaction	ANDE	Common Stock	Award	$0	+577	+2%	$0.000000	29,929	10 Feb 2025	Direct	F1
transaction	ANDE	Common Stock	Tax liability	$134,564	-3,303	-11%	$40.74	26,626	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		-3,855	-54%		3,283	10 Feb 2025	Common Stock	3,855		Direct	F3, F4, F5
transaction	ANDE	PERFORMANCE SHARE UNIT (TSR) (2025)	Options Exercise		-3,283	-100%		0	10 Feb 2025	Common Stock	3,283		Direct	F3, F5
transaction	ANDE	PERFORMANCE SHARE UNIT (EPS) (2025)	Options Exercise		-7,138	-100%		0	10 Feb 2025	Common Stock	7,138		Direct	F5, 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	PSU Vesting for fewer than allocated shares. Excess shares are being cancelled.
F5	Each PSU vests and converts to common stock as of February 10, 2025.
F6	Performance share units (PSUs) represent the right to receive common stock following a 3 year performance period. Number of underlying shares are determined by the three-year cumulative fully diluted EPS for the performance period.