4/A: Andersons Director Amends Share Ownership for Dividend Reinvestment

Sentiment:

Insider Transaction Report Amendment 29 August 2025 1:16 PM

Steven K. Campbell, a Director at The Andersons, Inc., filed an amended beneficial ownership statement to reflect the acquisition of 9.65 shares of common stock received as a dividend.

Summary

Steven K. Campbell, a Director of The Andersons, Inc. (ANDE), filed an amendment (Form 4/A) to his Statement of Changes in Beneficial Ownership.
The amendment reports the acquisition of 9.65 shares of Andersons, Inc. Common Stock on May 9, 2025.
These shares were acquired at a price of $0, representing shares received in lieu of a cash dividend.
Following this transaction, Campbell's direct beneficial ownership stands at 6,911.49 shares of Common Stock.
The original Form 4 for this transaction was filed on May 12, 2025, and this amendment was signed on August 29, 2025, by Melissa Trippel, acting as Limited Power of Attorney.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction (dividend reinvestment) which is generally a neutral to slightly positive signal of continued director confidence, but does not contain significant new information to dramatically alter sentiment.

Positives

Director Steven K. Campbell increased his direct beneficial ownership in The Andersons, Inc. by 9.65 shares, demonstrating continued investment in the company.
The acquisition of shares in lieu of a cash dividend indicates a reinvestment strategy by the director, aligning his interests with long-term shareholder value.

Future Outlook

No forward-looking statements or guidance are provided in this compliance filing.

Industry Context

This routine insider transaction filing does not provide information relevant to broader industry trends or competitive analysis.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Power of Attorney Grant	Steven K. Campbell granted a Limited Power of Attorney to Melissa Trippel, Michael Hoelter, and Steven McGrew, all of The Andersons, Inc., to execute and file SEC Forms 3, 4, 5, or 144 and handle stock option exercises on his behalf.	August 16, 2023	Streamlines compliance filings for the director, ensuring timely and accurate reporting of beneficial ownership changes.

Related Party Transactions

The acquisition of shares in lieu of a cash dividend by a director is a routine transaction between a related party (director) and the issuer.
The grant of a Limited Power of Attorney to company employees by a director is a related party arrangement to facilitate compliance.

Stakeholder Impact

Shareholders: The director's reinvestment of dividends may be viewed as a minor positive signal of confidence in the company's long-term prospects.
Employees: The grant of power of attorney to company employees streamlines administrative tasks related to SEC compliance for the director.

Key Dates

Date	Description
August 16, 2023	Date Steven K. Campbell executed the Limited Power of Attorney.
May 9, 2025	Date of the reported transaction where shares were acquired.
May 12, 2025	Date the original Form 4 filing was submitted.
August 29, 2025	Date the amended Form 4/A filing was signed.
September 7, 2026	Expiration date of the Notary Public's commission on the Limited Power of Attorney.

Recommendation

hold

This filing details a routine insider transaction where a director received shares in lieu of a cash dividend. While it indicates continued confidence, the small number of shares and the nature of the transaction (dividend reinvestment) are not significant enough to warrant a change in investment recommendation. It is a standard compliance update with no material impact on the company's fundamentals or valuation.

Keywords

Andersons Inc, ANDE, Steven K Campbell, Director, SEC Form 4/A, Beneficial Ownership, Common Stock, Dividend Reinvestment, Insider Transaction

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