Patrick E. Bowe - 11 Feb 2026 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role
Director
Signature
Patrick E. Bowe, by Melissa Trippel, Limited Power of Attorney
Issuer symbol
ANDE
Transactions as of
11 Feb 2026
Net transactions value
-$1,558,983
Form type
4
Filing time
13 Feb 2026, 13:45:20 UTC
Previous filing
04 Mar 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Bowe Patrick E. Director 1947 BRIARFIELD BLVD., MAUMEE Patrick E. Bowe, by Melissa Trippel, Limited Power of Attorney 13 Feb 2026 0001657533

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANDE Common Stock Options Exercise $0 +39,360 +30% $0.000000 172,100 11 Feb 2026 Direct
transaction ANDE Common Stock Options Exercise $0 +14,563 +8.5% $0.000000 186,663 11 Feb 2026 Direct
transaction ANDE Common Stock Award $0 +1,833 +0.98% $0.000000 188,495 11 Feb 2026 Direct F1
transaction ANDE Common Stock Tax liability $1,558,983 -22,558 -12% $69.11 165,937 11 Feb 2026 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 (EPS) (2026) Options Exercise -39,360 -100% 0 11 Feb 2026 Common Stock 39,360 Direct F3, F4
transaction ANDE PERFORMANCE SHARE UNIT (TSR) (2026) Options Exercise -14,563 -37% 24,797 11 Feb 2026 Common Stock 14,563 Direct F4, F5
transaction ANDE PERFORMANCE SHARE UNIT (TSR) (2026) Disposed to Issuer -24,797 -100% 0 11 Feb 2026 Common Stock 24,797 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 determined by the three-year cumulative fully diluted EPS for the performance period.
F4 Each PSU vests and converts to common stock as of February 11, 2026.
F5 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.
F6 PSU Vesting for fewer than allocated shares. Excess shares are being cancelled.