Form 4: Andersons EVP Zibbel Reports Equity Transactions
Insider Transaction Report
The Andersons' EVP & Chief HR Officer, Sarah Zibbel, reported routine equity compensation transactions, including RSU vesting and new grants.
Summary
- Sarah Zibbel, EVP & Chief HR Officer of The Andersons, Inc., reported several transactions related to her beneficial ownership of company common stock and restricted share units (RSUs).
- On March 2, 2026, Zibbel acquired 758 shares and 602 shares of common stock through the vesting and conversion of previously granted restricted share units.
- An additional 23.4 shares of common stock were acquired as dividend equivalents.
- To cover tax liabilities associated with these transactions, 487 shares of common stock were disposed of at a price of $65.29 per share.
- Zibbel was granted 1,865 new restricted share units (2029) on March 2, 2026, as part of the company's annual equity grant, which will vest over a three-year period.
- Following these transactions, Zibbel's direct beneficial ownership of common stock is 4,058.749 shares, and she holds 1,865 (2029), 1,514 (2028), 602 (2027), and 1,944 (2026) restricted share units.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive event for the executive, reflecting ongoing compensation and long-term incentive alignment, which is generally a neutral to slightly positive signal for the company's governance practices.
Positives
- Acquisition of 1,360 shares of common stock (758 + 602) through the vesting of restricted share units, increasing direct ownership.
- Receipt of 23.4 additional shares as dividend equivalents.
- Grant of 1,865 new restricted share units (2029), indicating ongoing long-term incentive compensation.
Negatives
- Disposal of 487 shares of common stock at $65.29 per share to cover tax liabilities, reducing direct beneficial ownership.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that these transactions represent routine equity compensation for a senior executive, common across publicly traded companies to align management incentives with shareholder interests. Such grants and vesting schedules are standard practice in executive compensation packages within the industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Sarah J. Zibbel granted a Limited Power of Attorney to Melissa Trippel, Michael Hoelter, and Steven McGrew to execute and file SEC Forms 3, 4, 5, or 144 and handle stock option exercises on her behalf. | 2023-08-08 | Streamlines compliance for insider reporting requirements for the executive. |
Stakeholder Impact
- Shareholders: Minor dilution from new equity grants, but also alignment of executive incentives with shareholder value through long-term equity ownership.
- Employees: Reflects standard executive compensation practices within the company.
- Executive (Sarah Zibbel): Receives significant equity compensation, increasing her stake in the company and aligning her financial interests with company performance.
Next Steps
- Future vesting of the 1,865 restricted share units (2029) over a three-year period from March 2, 2026.
- Future vesting of remaining restricted share units from 2028, 2027, and 2026 grants according to their graded schedules.
Key Dates
| Date | Description |
|---|---|
| 2023-08-08 | Sarah J. Zibbel executed a Limited Power of Attorney. |
| 2023-09-07 | Restricted share units (2026) granted in connection with Ms. Zibbel's hiring. |
| 2024-03-01 | Restricted share units (2027) granted as part of the Issuer's annual equity grant. |
| 2025-03-03 | Restricted share units (2028) granted as part of the Issuer's annual equity grant. |
| 2026-03-02 | Transaction date for RSU vesting, dividend equivalent acquisition, tax withholding, and new RSU grant. |
| 2026-03-04 | Date the Form 4 was signed by Melissa Trippel, attorney-in-fact. |
| 2026-05-02 | Expiration date of Notary Public's commission for the Limited Power of Attorney. |
Keywords
Andersons Inc, ANDE, Sarah Zibbel, EVP Chief HR Officer, SEC Form 4, Insider Trading, Restricted Share Units, Equity Compensation, Stock Grant, Vesting, Tax Withholding
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