Andersons EVP acquires shares via RSU vesting

Andersons, Inc. Executive VP, Agribusiness Heide Weston reported multiple equity-related transactions involving restricted share units (RSUs) and common stock.

Rhea-AI Filing Summary

Andersons, Inc. Executive VP, Agribusiness Heide Weston reported multiple equity-related transactions involving restricted share units (RSUs) and common stock. On March 2, 2026, Weston received a grant of 2,320 RSUs dated 2029 as part of the company’s annual equity grant program. The filing also shows exercises of 947 RSUs from a 2028 grant, 377 RSUs from a 2027 grant, and 485 RSUs from a 2026 grant, each converting into an equal number of Andersons common shares at a stated price of $0.00 per share, reflecting non-cash vesting. After these conversions and a 37.39-share common stock dividend equivalent credited to her account, Weston directly held 19,548.873 common shares. The report also discloses a disposition of 544 common shares at $65.29 per share to cover tax liabilities associated with these equity transactions.

Insider Trade Summary

1,809 shares exercised/converted

Exercise 9 txns

Insider Heide Weston

Role Executive VP, Agribusiness

Type	Security	Shares	Price	Value
Grant/Award	RESTRICTED SHARE UNIT (2029)	2,320	$0.00	$0.00
Exercise	RESTRICTED SHARE UNIT (2028)	947	$0.00	$0.00
Exercise	RESTRICTED SHARE UNIT (2027)	377	$0.00	$0.00
Exercise	RESTRICTED SHARE UNIT (2026)	485	$0.00	$0.00
Exercise	Common Stock	947	$0.00	$0.00
Exercise	Common Stock	377	$0.00	$0.00
Exercise	Common Stock	485	$0.00	$0.00
Grant/Award	Common Stock	37.39	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	544	$65.29	$36K

Holdings After Transaction: RESTRICTED SHARE UNIT (2029) — 2,320 contracts (Direct); RESTRICTED SHARE UNIT (2028) — 1,892 contracts (Direct); RESTRICTED SHARE UNIT (2027) — 376 contracts (Direct); RESTRICTED SHARE UNIT (2026) — 0 contracts (Direct); Common Stock — 19,548.873 shares (Direct)

Footnotes (7)

1. F1. Dividend equivalent received.
2. F2. Shares withheld to cover tax liability.
3. F3. Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.
4. F4. 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.
5. F5. 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.
6. F6. 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.
7. F7. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did ANDE executive Heide Weston report on March 2, 2026?

Heide Weston reported RSU grants, vesting, and related stock activity on March 2, 2026. She received 2,320 new restricted share units and exercised earlier RSU grants, converting them into Andersons common stock at a stated price of $0.00 per share.

How many restricted share units did Heide Weston receive in the latest ANDE Form 4?

Weston received 2,320 restricted share units dated 2029. These RSUs were granted on March 2, 2026 as part of Andersons’ annual equity grant program and follow a graded vesting schedule over three years from the grant date.

How many Andersons (ANDE) common shares did Heide Weston acquire through RSU vesting?

Weston acquired 1,809 common shares through RSU exercises and conversions. This includes 947 shares from a 2028 grant, 377 shares from a 2027 grant, and 485 shares from a 2026 grant, all delivered at a stated price of $0.00 per share.

Why did Heide Weston dispose of 544 ANDE shares in this Form 4 filing?

She disposed of 544 common shares to cover tax liabilities tied to her equity awards. The shares were valued at $65.29 each, and the filing labels this as a tax-withholding disposition rather than an open-market sale.

What is Heide Weston’s Andersons (ANDE) common stock holding after these transactions?

After all reported transactions, Weston directly held 19,548.873 Andersons common shares. This figure reflects RSU conversions, a 37.39-share dividend equivalent credit, and the 544-share disposition used to satisfy tax obligations.

How do Heide Weston’s ANDE restricted share units vest over time?

Her RSUs vest on a graded schedule over three years from each grant date. Grants in 2023, 2024, 2025, and 2026 all follow this three-year graded vesting structure, gradually delivering Andersons common shares as individual tranches vest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/04/2026 - 11:45 AM Learn about SEC filing dates

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^*

Heide Weston

(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)
	Executive VP, Agribusiness

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		M		947	A	$0	19,193.483	D
Common Stock	03/02/2026		M		377	A	$0	19,570.483	D
Common Stock	03/02/2026		M		485	A	$0	20,055.483	D
Common Stock	03/02/2026		A		37.39(1)	A	$0	20,092.873	D
Common Stock	03/02/2026		F		544(2)	D	$65.29	19,548.873	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
RESTRICTED SHARE UNIT (2029)	(3)	03/02/2026		A		2,320		(4)	(4)	Common Stock	2,320	(3)	2,320	D
RESTRICTED SHARE UNIT (2028)	(3)	03/02/2026		M			947	(5)	(5)	Common Stock	947	(3)	1,892	D
RESTRICTED SHARE UNIT (2027)	(3)	03/02/2026		M			377	(6)	(6)	Common Stock	377	(3)	376	D
RESTRICTED SHARE UNIT (2026)	(3)	03/02/2026		M			485	(7)	(7)	Common Stock	485	(3)	0	D

Explanation of Responses:

1. Dividend equivalent received.

2. Shares withheld to cover tax liability.

3. Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.

4. 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.

5. 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.

6. 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.

7. 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.

Remarks:

	Weston Heide, by Melissa Trippel, Limited Power of Attorney	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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