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.
The Andersons, Inc. vice president Anne G. Rex reported multiple equity award transactions involving common stock and performance share units. On February 11, 2026, 1,884 EPS-based and 697 TSR-based performance share units were exercised and converted into common shares at $0 per share, along with 87.72 dividend-equivalent shares.
To cover tax liabilities, 889 common shares were withheld at $69.11 per share. After these vesting, conversion, award, and tax-withholding transactions, Rex directly held 25,328.49 shares of Andersons common stock as reported.
The Andersons, Inc. executive Weston Heide reported equity award vesting and related share movements. On February 11, 2026, performance share units converted into 1,458 and 539 shares of common stock at an exercise price of $0 per share, reflecting PSU vesting tied to earnings and total shareholder return goals.
He also acquired 67.87 dividend-equivalent shares and had 713 shares withheld at $69.11 per share to cover tax liabilities. A block of 919 TSR-linked PSUs was cancelled after vesting for fewer than the originally allocated shares. Following these transactions, Heide directly owned 18,246.483 Andersons common shares.
Andersons, Inc. director Patrick E. Bowe reported equity award activity involving performance share units and common stock on February 11, 2026. He acquired 39,360 shares of common stock from EPS-based performance share units and 14,563 shares from TSR-based performance share units, both through derivative conversions at $0 per share.
He also received 1,832.57 shares as a dividend equivalent and had 22,558 shares of common stock disposed of at $69.11 per share to cover tax liability. Following these transactions, he directly beneficially owned 165,937.3424 shares of Andersons common stock.
Andersons, Inc. EVP & Chief Financial Officer Brian A. Valentine reported equity compensation activity. On February 11, 2026 he converted 8,528 EPS-based and 3,155 TSR-based performance share units into common stock at $0 per share following a three-year performance period.
He also received 397.05 dividend-equivalent common shares and used 3,542 shares at $69.11 per share to cover tax withholding, leaving 97,580.33 common shares held directly after these transactions.
The Andersons, Inc. executive Michael T. Hoelter reported multiple equity compensation transactions on February 11, 2026. He exercised performance share units (PSUs) that converted into 1,672 shares of common stock tied to EPS performance and 619 shares tied to total shareholder return.
After these PSU conversions, a dividend equivalent award added 77.86 shares at no cost. To satisfy tax obligations, 804 shares of common stock were withheld at a price of $69.11 per share. Following all transactions, Hoelter directly owned 16,016.2214 shares of Andersons common stock.
In the derivative table, the EPS-based PSU award of 1,672 units and a 1,053-unit TSR PSU tranche were fully converted or cancelled, leaving zero EPS PSUs and 1,053 TSR PSUs before that TSR portion was then disposed of back to the issuer.
A holder of ANDE common stock has filed a notice to sell 200 shares under Rule 144. The shares have an aggregate market value of 14,000 and are listed for sale on NASDAQ, with an approximate sale date of February 12, 2026. The securities were originally acquired on June 30, 2019 through restricted stock vesting as compensation from the issuer. The filing also notes total common shares outstanding of 33,839,123, providing context for the planned sale size.
Andersons, Inc. director Pamela S. Hershberger reported new equity awards in the form of restricted share units. On January 27, 2026, she acquired 10.638 RESTRICTED SHARE UNIT (2024) awards and 7.795 RESTRICTED SHARE UNIT (2025) awards at a price of $0 per unit.
Each restricted share unit represents the right to receive one share of Andersons, Inc. common stock upon vesting. The 2024 units were originally granted on May 5, 2023 and the 2025 units on May 9, 2024, both as part of the company’s annual equity grants and vesting one year from their grant dates. Following these awards, Hershberger directly holds 3,215.248 2024 units, 2,355.945 2025 units, and 14,275.402 shares of common stock.
Andersons, Inc. director Gary A. Douglas reported small equity-based awards tied to his existing grants. On January 27, 2026, he received 10.638 restricted share units (2024 grant) and 7.795 restricted share units (2025 grant), both at a price of $0 as awards of dividend equivalents.
Each restricted share unit represents the right to receive one share of Andersons common stock upon vesting, with the 2023 and 2024 annual equity grants vesting one year from their respective grant dates. After these transactions, Douglas directly holds 3,215.248 RSUs from the 2024 grant, 2,355.945 RSUs from the 2025 grant, and 9,002.612 shares of Andersons common stock.
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.
The Andersons, Inc. director increases holdings through dividend reinvestment. Director Gary A. Douglas acquired 29.99 shares of Andersons common stock on January 23, 2026 through a reinvestment of dividend, at a reported price of $61.249 per share. After this automatic transaction, he beneficially owns a total of 9,002.612 shares of common stock in direct form. This type of Form 4 filing records an update to his ownership based on a dividend reinvestment rather than an open‑market trade.