Form 4: Andersons Inc. Executive VP, Agribusiness, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Weston Heide, Executive VP of Agribusiness at Andersons Inc., reports transactions involving common stock and performance share units on February 10, 2025.
Summary
- On February 10, 2025, Weston Heide, Executive VP of Agribusiness at Andersons Inc., reported changes in beneficial ownership of the company's common stock and performance share units (PSUs).
- Heide acquired 430 and 934 shares of common stock upon the vesting of PSUs, and an additional 75.55 shares as a dividend equivalent.
- 500 shares were disposed of to cover tax liabilities at a price of $40.74 per share.
- Following these transactions, Heide directly owns 16,903.523 shares of Andersons Inc. common stock.
- The transactions also involved the cancellation of 504 PSUs due to vesting for fewer than allocated shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates transactions related to equity compensation and tax obligations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | Date of execution of the Limited Power of Attorney. |
| 02/10/2025 | Date of the reported transactions involving common stock and performance share units. |
| 02/12/2025 | Date of signature by attorney-in-fact on the Form 4 filing. |
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