Form 4: Andersons Inc. Executive Michael T. Hoelter Reports Changes in Beneficial Ownership

Michael T. Hoelter, VP, Corp Controller & IR of Andersons, Inc., reports changes in beneficial ownership of company stock due to vesting of restricted share units and shares withheld for tax liability.

Summary

• On March 3, 2025, Michael T. Hoelter, VP, Corp Controller & IR of Andersons, Inc., filed a Form 4 with the SEC.
• The filing reports changes in his beneficial ownership of Andersons, Inc. common stock.
• These changes are due to the vesting of restricted share units and shares withheld to cover tax liability.
• Hoelter acquired shares through the vesting of restricted share units granted in previous years (2022, 2023, 2024, and 2025).
• A total of 1,444 restricted share units were granted on March 3, 2025.
• 479 shares were disposed of to cover tax liability at a price of $42.78.
• Following these transactions, Hoelter directly owns 14,451.3614 shares of Andersons, Inc. common stock.
• The filing also includes a Limited Power of Attorney, granting Melissa Trippel and Steven McGrew the authority to execute and file SEC forms on Hoelter's behalf.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate any positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard equity compensation practices at Andersons, Inc.

Stakeholder Impact

• The vesting of restricted share units dilutes existing shareholders' equity, although the impact is likely minimal.

Key Dates