The Andersons, Inc. (ANDE) filings document an agriculture and renewable fuels operating company with Agribusiness and Renewables segments. Its current-event, amendment, and proxy filings cover segment earnings, commodity merchandising, ethanol and co-product operations, agricultural inputs, biofuels policy exposure, and completed ownership changes involving The Andersons Marathon Holdings LLC.
Regulatory filings also record the company's capital structure and governance, including amendments to revolving credit and term-loan arrangements, annual meeting vote results, director elections, executive compensation advisory matters, auditor ratification, proxy disclosures, and board compensation and indemnification arrangements.
Andersons, Inc. director Patrick E. Bowe reported equity transactions involving restricted share units and common stock. On March 2, 2026, he acquired 6,776 and 8,746 shares of common stock through exercises of restricted share units at $0.00 per share. He also received a grant of 468.29 shares of common stock at $0.00 per share, including a dividend equivalent. To cover tax liabilities, 7,053 shares of common stock were disposed of at $65.29 per share as a tax-withholding transaction rather than an open-market sale. Following these transactions, Bowe directly owned 174,874.6324 shares of Andersons common stock.
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.
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.
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.
Andersons, Inc. EVP & Chief Financial Officer Brian A. Valentine reported equity-related transactions in company stock and restricted share units. He received a grant of 5,458 restricted share units (2029) on March 2, 2026 as part of the annual equity grant, which vest on a graded schedule over three years. Previously granted restricted share units for 2026, 2027, and 2028 were exercised or converted into common stock, increasing his direct common share holdings. He also received 169.05 common shares as a dividend equivalent. To cover tax liabilities, 2,694 common shares were withheld at a price of $65.29 per share, leaving him with 101,931.38 shares of Andersons common stock owned directly after these transactions.
The Andersons, Inc. reports 2025 results highlighting mixed Agribusiness performance and stronger Renewables. Total sales were $11.0 billion, with income before income taxes of $141.5 million, down from $200.8 million in 2024 as weaker grain merchandising offset other gains.
Agribusiness gross profit rose to $556.9 million but segment income fell after higher expenses, asset impairments and softer margins in an oversupplied market. Renewables contributed $156.7 million of gross profit and benefited from owning 100% of its four ethanol plants and recognizing $35 million of Section 45Z clean fuel production tax credits. Working capital declined to $690.0 million, largely due to the cash-funded acquisition of the remaining interest in The Andersons Marathon Holdings (now The Andersons Renewables, LLC). The company continued its long dividend history, modestly raising the quarterly payout to $0.20 per share in January 2026.
The Andersons, Inc. reported a record fourth quarter for 2025, with net income attributable to the company of $67.4 million, up from $45.1 million a year earlier, and diluted EPS of $1.97. Adjusted net income was $70.0 million, or $2.04 per diluted share, also a company record. Adjusted EBITDA for the quarter rose to $136.5 million from $116.5 million.
Full-year 2025 results were softer: net income attributable to the company declined to $95.7 million from $114.0 million and adjusted net income to $111.0 million from $116.7 million, while sales and merchandising revenues slipped to $11.0 billion. Renewables posted strong momentum, with fourth quarter pretax income of $54.3 million and adjusted EBITDA of $203.1 million for the year, helped by record production and $35 million of 45Z tax credits. Agribusiness delivered solid Q4 pretax income of $46.0 million on a record corn harvest but full-year adjusted EBITDA fell to $186.7 million. The company generated $177.0 million in cash from operating activities in 2025 and ended the year with a long-term debt to adjusted EBITDA ratio of 1.8x, below its target of less than 2.5x, after significant capital investments and a $425.0 million purchase of a noncontrolling interest.
The Andersons, Inc. president and CEO William E. Krueger reported several equity compensation events dated February 11, 2026. He exercised performance share units, converting 27,698 EPS-based PSUs and 10,248 TSR-based PSUs into common stock at an exercise price of $0 per share.
He also acquired 1,289.59 shares of common stock as a dividend equivalent, and 15,283 shares were disposed of at $69.11 per share to satisfy tax withholding obligations. After these transactions, he directly owned 60,208.944 shares of common stock and indirectly held 443,339 shares through the William E. Krueger Beneficiary Trust.
The Andersons VP & Treasurer Brian K. Walz reported equity award vesting and related share movements. On February 11, 2026, he acquired 1,884 and 697 shares of common stock at $0 per share through the conversion of performance share units tied to earnings and total shareholder return.
He also received 87.72 dividend-equivalent common shares at $0 and had 922 shares withheld at $69.11 per share to cover tax liabilities. After these transactions, he directly owned 19,982.661 shares of The Andersons common stock.
Andersons, Inc. Executive VP Renewables Mark D. Simmons reported equity award vesting and related share movements. On February 11, 2026, performance share units converted into 730 and 270 shares of common stock at an exercise price of $0, reflecting vesting of long‑term incentive awards tied to earnings per share and total shareholder return.
He also received 33.99 dividend-equivalent common shares and had 359 shares withheld at $69.11 to cover tax liabilities. After these transactions, Simmons directly owned 21,512.41 shares of Andersons common stock. Some performance units vested for fewer than the allocated shares, with 460 excess units cancelled.