Andersons (ANDE) director receives 283-share stock retainer grant

Rhea-AI Filing Summary

Andersons, Inc. director David R. Heppner received a grant of 283 shares of Common Stock on August 3, 2026, classified as a grant, award, or other acquisition. According to the footnote, the shares were issued in lieu of all or part of his Board of Director's retainer, bringing his direct holdings to 477 shares.

Insider Trade Summary

Net Buyer: 283 shares

Net Buy 1 txn

Insider Heppner David R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	283	$0.00	$0.00

Holdings After Transaction: Common Stock — 477 shares (Direct)

Footnotes (1)

1. F1. Shares issued in lieu of all or part of Board of Director's retainer.

Key Figures

Shares granted: 283 shares Total holdings after transaction: 477 shares Grant price per share: $0.0000 +1 more

4 metrics

Shares granted 283 shares Common Stock grant to director David R. Heppner on August 3, 2026

Total holdings after transaction 477 shares Direct Common Stock ownership for David R. Heppner following the grant

Grant price per share $0.0000 Equity retainer shares issued with no cash price as director compensation

Non-derivative acquisition transactions reported 1 Number of non-derivative grant, award, or other acquisition entries in this Form 4

Key Terms

Grant, award, or other acquisition, Board of Director's retainer, non-derivative

3 terms

Grant, award, or other acquisition regulatory

"Transaction code description states Grant, award, or other acquisition"

Board of Director's retainer financial

"Shares issued in lieu of all or part of Board of Director's retainer"

non-derivative financial

"Transaction is reported as a non-derivative Common Stock holding"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/05/2026 - 02:41 PM Accepted by SEC EDGAR 08/05/2026 - 02:40 PM Learn about SEC filing dates

FAQ

What insider stock transaction did Andersons (ANDE) disclose for David R. Heppner?

Andersons disclosed that director David R. Heppner received 283 shares of Common Stock on August 3, 2026. The shares were classified as a grant, award, or other acquisition rather than a market purchase, and relate to his service on the company’s board.

How many Andersons (ANDE) shares does David R. Heppner own after this Form 4 transaction?

After the reported grant, David R. Heppner directly owns 477 shares of Andersons Common Stock. This total reflects the addition of 283 shares received on August 3, 2026 as director compensation issued in stock instead of cash retainer payments.

Was the Andersons (ANDE) Form 4 transaction a cash purchase by David R. Heppner?

No. The Form 4 shows a grant of 283 shares at $0.0000 per share, not a cash purchase. A footnote explains that the shares were issued in lieu of all or part of the Board of Director’s retainer, indicating equity compensation rather than a market buy.

What is the purpose of the 283-share grant to the Andersons (ANDE) director?

The 283-share grant served as equity compensation for David R. Heppner’s board service. A footnote states the shares were issued in lieu of all or part of the Board of Director’s retainer, effectively substituting stock for some or all of his cash retainer.

Is David R. Heppner’s Andersons (ANDE) stock grant under a Rule 10b5-1 trading plan?

The document-level indicator for Rule 10b5-1 plans is unchecked, so the reported grant is not designated as made under a 10b5-1 trading plan. The transaction instead reflects routine director compensation paid in the form of Andersons Common Stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Heppner David R

(Last) (First) (Middle)

1947 BRIARFIELD BLVD

(Street)

MAUMEE OHIO 43537

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Andersons, Inc. [ ANDE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/03/2026		A(1)		283	A	$0	477	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares issued in lieu of all or part of Board of Director's retainer.

Remarks:

	David R. Heppner, by Melissa Trippel, Limited Power of Attorney	08/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)