Andersons (NASDAQ: ANDE) EVP granted 3,639 restricted share units in 2026 award

Rhea-AI Filing Summary

Ayuk Emmanuel N reported acquisition or exercise transactions in this Form 4 filing.

Andersons, Inc. executive Ayuk Emmanuel N, EVP, General Counsel and Corporate Secretary, received a grant of 3,639 restricted share units on March 2, 2026 as part of the company’s annual equity grant program. These units vest on a graded schedule over three years from the grant date. Separate restricted share units granted on October 1, 2025 in connection with his hiring total 12,513 units after this filing, also vesting over three years. His directly held common stock balance is reported as zero after the reported transactions.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Ayuk Emmanuel N

Role EVP, GC & Corp Secretary

Type	Security	Shares	Price	Value
Grant/Award	RESTRICTED SHARE UNIT (2029)	3,639	$0.00	--
holding	RESTRICTED SHARE UNIT (2028)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: RESTRICTED SHARE UNIT (2029) — 3,639 shares (Direct); RESTRICTED SHARE UNIT (2028) — 12,513 shares (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

1. 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 October 1, 2025 in connection with Mr. Ayuk's hiring. 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^*

Ayuk Emmanuel N

(Last) (First) (Middle)

1947 BRIARFIELD BLVD

(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)
	EVP, GC & Corp Secretary

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								0	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)	(1)	03/02/2026		A		3,639		(2)	(2)	Common Stock	3,639	(1)	3,639	D
RESTRICTED SHARE UNIT (2028)	(1)							(3)	(3)	Common Stock	12,513		12,513	D

Explanation of Responses:

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

2. 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.

3. Restricted share units were granted on October 1, 2025 in connection with Mr. Ayuk's hiring. Restricted share units have a graded vesting schedule over the three-year period from date of grant.

Remarks:

	Emmanuel N. Ayuk, 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 insider transaction did Ayuk Emmanuel report at Andersons, Inc. (ANDE)?

Ayuk Emmanuel reported receiving a grant of 3,639 restricted share units in Andersons, Inc. on March 2, 2026. These RSUs were part of the company’s annual equity grant and will convert into common shares as they vest over a three-year period.

How many new restricted share units did the Andersons (ANDE) executive receive?

The Andersons executive received 3,639 new restricted share units on March 2, 2026. Each unit represents the right to receive one share of common stock upon vesting, providing long-term, stock-based compensation aligned with the company’s equity grant practices.

What is the vesting schedule for Ayuk Emmanuel’s new Andersons (ANDE) RSUs?

The newly granted 3,639 restricted share units vest on a graded schedule over three years from March 2, 2026. This means portions of the award vest each year, supporting multi‑year retention and alignment with Andersons’ longer-term performance.

What other restricted share units does the Andersons (ANDE) EVP already hold?

In addition to the new award, Ayuk Emmanuel holds 12,513 restricted share units from an October 1, 2025 hiring grant. Those units also vest on a graded three‑year schedule from the original grant date, forming part of his existing long-term equity compensation.

Does the Andersons (ANDE) executive hold any common stock after this Form 4?

After the reported transactions, the Form 4 shows a balance of zero shares of directly held common stock. His equity exposure at this time is therefore through restricted share units that can settle into common shares upon vesting in future years.

What does each restricted share unit represent for Andersons (ANDE) insiders?

Each restricted share unit represents the right to receive one share of Andersons’ common stock upon vesting. This structure provides stock-based compensation that only turns into actual shares over time, aligning executives’ interests with long-term shareholder value.