Dividend reinvestment lifts Andersons (ANDE) CEO share holdings

Rhea-AI Filing Summary

The Andersons, Inc. President and CEO William E. Krueger reported a routine dividend reinvestment in company common stock. On 01/23/2026, a reinvested dividend acquired 56.164 shares at $61.249 per share, increasing his directly held position to 36,256.354 shares.

In addition to these directly owned shares, he is also reported as having an indirect beneficial interest in 443,339 shares of common stock held through the William E. Krueger Beneficiary Trust.

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

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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^*

Krueger William E.

(Last) (First) (Middle)

P.O. BOX 119

(Street)

MAUMEE OH 43537

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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

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

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

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	01/23/2026		J(1)		56.164	A	$61.249	36,256.354	D
Common Stock								443,339	I	William E. Krueger Beneficiary Trust

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. Reinvestment of dividend.

Remarks:

	William E. Krueger, by Melissa Trippel, Limited Power of Attorney	01/27/2026
	** 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).
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FAQ

What insider transaction did ANDE CEO William E. Krueger report?

William E. Krueger, President and CEO of The Andersons, Inc. (ANDE), reported a dividend reinvestment that acquired 56.164 shares of common stock on 01/23/2026.

At what price were the Andersons (ANDE) shares acquired in the dividend reinvestment?

The dividend reinvestment acquired 56.164 shares of The Andersons, Inc. common stock at a price of $61.249 per share.

How many Andersons (ANDE) shares does the CEO own directly after this Form 4 transaction?

Following the reported dividend reinvestment, William E. Krueger directly owns 36,256.354 shares of The Andersons, Inc. common stock.

What indirect holdings in Andersons (ANDE) stock are reported for the CEO?

The filing reports an indirect beneficial interest in 443,339 shares of The Andersons, Inc. common stock held through the William E. Krueger Beneficiary Trust.

What does the transaction code J mean in this Andersons (ANDE) Form 4?

The transaction code J is explained in the filing as a reinvestment of dividend, indicating shares were acquired through a dividend reinvestment, not an open-market purchase.

Is this Andersons (ANDE) Form 4 filing for derivative securities?

No. The reported activity involves non-derivative common stock, and the section for derivative securities shows no reported derivative transactions.