Equity awards and tax share withholding for Andersons, Inc. (ANDE) EVP

Rhea-AI Filing Summary

Andersons, Inc. Executive VP, Renewables Mark D. Simmons reported a series of equity compensation transactions dated March 2, 2026. He received a grant of 2,881 restricted share units, each convertible into one share of common stock upon vesting, and a small dividend-equivalent award of 27.35 common shares. He also exercised previously granted restricted share units covering 947, 314, and 242 units into common stock at a stated price of $0.00 per share. To cover tax obligations, 491 common shares were withheld at $65.29 per share, leaving him with 22,551.76 common shares directly owned after these transactions.

Insider Trade Summary

1,503 shares exercised/converted

Mixed 9 txns

Insider Simmons Mark D

Role Executive VP, Renewables

Type	Security	Shares	Price	Value
Grant/Award	RESTRICTED SHARE UNIT (2029)	2,881	$0.00	--
Exercise	RESTRICTED SHARE UNIT (2028)	947	$0.00	--
Exercise	RESTRICTED SHARE UNIT (2027)	314	$0.00	--
Exercise	RESTRICTED SHARE UNIT (2026)	242	$0.00	--
Exercise	Common Stock	947	$0.00	--
Exercise	Common Stock	314	$0.00	--
Exercise	Common Stock	242	$0.00	--
Grant/Award	Common Stock	27.35	$0.00	--
Tax Withholding	Common Stock	491	$65.29	$32K

Holdings After Transaction: RESTRICTED SHARE UNIT (2029) — 2,881 shares (Direct); RESTRICTED SHARE UNIT (2028) — 1,892 shares (Direct); RESTRICTED SHARE UNIT (2027) — 313 shares (Direct); RESTRICTED SHARE UNIT (2026) — 0 shares (Direct); Common Stock — 22,459.41 shares (Direct)

Footnotes (1)

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.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Simmons Mark D

(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, Renewables

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	22,459.41	D
Common Stock	03/02/2026		M		314	A	$0	22,773.41	D
Common Stock	03/02/2026		M		242	A	$0	23,015.41	D
Common Stock	03/02/2026		A		27.35(1)	A	$0	23,042.76	D
Common Stock	03/02/2026		F		491(2)	D	$65.29	22,551.76	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		2,881		(4)	(4)	Common Stock	2,881	(3)	2,881	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			314	(6)	(6)	Common Stock	314	(3)	313	D
RESTRICTED SHARE UNIT (2026)	(3)	03/02/2026		M			242	(7)	(7)	Common Stock	242	(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:

	Mark D. Simmons, 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.
* 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.

FAQ

What did Andersons, Inc. (ANDE) executive Mark D. Simmons report in this Form 4?

Mark D. Simmons reported routine equity compensation activity, including new restricted share unit grants, vesting-related conversions into common stock, and share withholding for taxes. These transactions adjust his equity holdings but do not represent open-market stock purchases or sales.

How many restricted share units did Mark D. Simmons receive from Andersons, Inc. (ANDE)?

He received a grant of 2,881 restricted share units on March 2, 2026. Each unit represents the right to receive one share of Andersons, Inc. common stock upon vesting under the company’s annual equity grant program and graded three-year vesting schedule.

What common stock transactions did Mark D. Simmons report for Andersons, Inc. (ANDE)?

He reported acquiring common stock via exercises of previously granted restricted share units covering 947, 314, and 242 shares, plus a 27.35-share dividend-equivalent award. These shares were acquired at a stated transaction price of $0.00 per share under equity award terms.

Why were some Andersons, Inc. (ANDE) shares disposed of in this Form 4?

The filing shows a disposition of 491 common shares at $65.29 per share. Footnotes explain these shares were withheld to cover tax liabilities associated with the vesting and settlement of equity awards, not sold in an open-market transaction.

How many Andersons, Inc. (ANDE) shares does Mark D. Simmons own after these transactions?

After the reported equity award grants, conversions, and tax-withholding share disposition, Mark D. Simmons directly owns 22,551.76 shares of Andersons, Inc. common stock. This figure reflects his updated direct ownership following all Form 4 transactions dated March 2, 2026.

How do Andersons, Inc. (ANDE) restricted share units for Mark D. Simmons vest?

Footnotes state restricted share units granted in 2023, 2024, 2025, and 2026 vest on a graded schedule over three years. Upon vesting, each unit converts into one share of Andersons, Inc. common stock, subject to applicable tax withholding at settlement.