Form 4: Andersons Inc. Director Patrick E. Bowe Reports Changes in Beneficial Ownership

Director Patrick E. Bowe reports transactions involving Andersons Inc. common stock, including acquisitions from restricted share unit vesting and shares withheld for tax liability.

Summary

• On March 3, 2025, Patrick E. Bowe, a director of Andersons Inc., reported changes in beneficial ownership of the company's common stock.
• These changes include the acquisition of shares through the vesting of restricted share units and the disposal of shares to cover tax liabilities.
• Specifically, 6,777, 8,747 and 9,134 shares were acquired through the vesting of restricted share units at a price of $0.
• Additionally, 907.13 shares were acquired in lieu of a cash dividend.
• 11,467 shares were disposed of at $42.78 to cover tax liabilities.
• Following these transactions, Bowe directly owns 132,739.7724 shares of Andersons Inc. common stock.
• Bowe also owns 13,551 restricted share units from the 2027 grant, 8,746 restricted share units from the 2026 grant and 0 restricted share units from the 2025 grant.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document simply reports transactions related to equity compensation and tax obligations, which are routine occurrences. There is nothing inherently positive or negative about the information presented.

Positives

• The vesting of restricted share units indicates that performance metrics have been met, which is a positive sign.

Negatives

• The disposal of shares to cover tax liabilities, while a normal occurrence, does slightly reduce Bowe's holdings in the company.

Risks

• There are no specific risks highlighted in this document, as it primarily details transactions related to equity compensation and tax obligations.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• Companies like Archer Daniels Midland (ADM) and Bunge Limited (BG) also have similar filings when their executives or directors trade company stock.
• The vesting schedules and equity grants are typical components of executive compensation packages in the agricultural sector.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates