Equity awards and RSU vesting reported by Andersons (NASDAQ: ANDE) VP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Andersons, Inc. VP Michael T. Hoelter reported multiple equity-related transactions involving restricted share units (RSUs) and common stock. On March 2, 2026 he received a grant of 971 RSUs as part of the company’s annual equity program, each convertible into one share of common stock upon vesting.
On the same date, previously granted RSUs from 2023, 2024, and 2025 vested and were converted into 364, 556, and 482 shares of common stock, respectively, at no cash cost. He also received a 33.98-share dividend equivalent. To cover tax liabilities, 419 shares of common stock were withheld and disposed of at $65.29 per share. After these transactions, he directly owned 17,033.2014 shares of common stock and 971 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,402 shares exercised/converted
Mixed
9 txns
Insider
Hoelter Michael T.
Role
VP, Corp Controller & IR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED SHARE UNIT (2029) | 971 | $0.00 | -- |
| Exercise | RESTRICTED SHARE UNIT (2028) | 482 | $0.00 | -- |
| Exercise | RESTRICTED SHARE UNIT (2027) | 364 | $0.00 | -- |
| Exercise | RESTRICTED SHARE UNIT (2026) | 556 | $0.00 | -- |
| Exercise | Common Stock | 364 | $0.00 | -- |
| Exercise | Common Stock | 556 | $0.00 | -- |
| Exercise | Common Stock | 482 | $0.00 | -- |
| Grant/Award | Common Stock | 33.98 | $0.00 | -- |
| Tax Withholding | Common Stock | 419 | $65.29 | $27K |
Holdings After Transaction:
RESTRICTED SHARE UNIT (2029) — 971 shares (Direct);
RESTRICTED SHARE UNIT (2028) — 962 shares (Direct);
RESTRICTED SHARE UNIT (2027) — 363 shares (Direct);
RESTRICTED SHARE UNIT (2026) — 0 shares (Direct);
Common Stock — 16,380.221 shares (Direct)
Footnotes (1)
- Dividend equivalent received. Shares withheld to cover tax liability. Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock. Restricted share units were granted on March 2, 2026 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. Restricted share units were granted on March 3, 2025 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. 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. 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.
FAQ
What insider transactions did ANDE executive Michael T. Hoelter report?
Michael T. Hoelter reported RSU grants, RSU conversions, and tax-related share withholding. He received 971 new RSUs, multiple prior RSU grants vested into common stock, and 419 shares were withheld to satisfy tax liabilities, leaving him with 17,033.2014 common shares and 971 RSUs.
What is the nature of the RSU vesting and conversion for ANDE’s Michael T. Hoelter?
Previously granted RSUs from 2023, 2024, and 2025 vested and converted into common stock. The vesting follows a graded three-year schedule from each grant date, with each vested RSU delivering one share of Andersons, Inc. common stock to the executive.
Did Michael T. Hoelter receive any dividend equivalents on ANDE stock?
Yes, he received a 33.98-share dividend equivalent in common stock. Dividend equivalents provide additional shares based on dividends paid on underlying stock, aligning RSU holders more closely with regular shareholders’ dividend-based returns over time.