Form 4: Andersons Inc. Director Michael J. Anderson Sells 3,000 Shares
SEC Filing
Director Michael J. Anderson sold 3,000 shares of Andersons, Inc. (ANDE) at a price of $59.0045 on April 22, 2024.
Summary
- On April 22, 2024, Michael J. Anderson, a director of Andersons, Inc. (ANDE), sold 3,000 shares of common stock at a price of $59.0045 per share.
- Following the transaction, Anderson directly owns 209,968.281 shares of Andersons, Inc.
- Anderson also indirectly owns 150,138 shares through Mrs. Carol H. Anderson, his spouse.
- The transaction was reported on a Form 4 filing with the SEC.
- Michael J. Anderson has 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 exercise stock options.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of a transaction by a company insider. It is common for directors and officers to buy and sell shares of their company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| August 16, 2023 | Date of execution for the Limited Power of Attorney. |
| April 22, 2024 | Date of the stock sale transaction. |
| April 24, 2024 | Date of signature for the Form 4 filing. |
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