Form 4: Andersons Inc. Executive VP Mark D. Simmons Reports Changes in Beneficial Ownership

Executive VP of Renewables at Andersons, Inc., Mark D. Simmons, reports transactions involving common stock and restricted share units.

Summary

• Mark D. Simmons, Executive VP of Renewables at Andersons, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The transactions occurred on March 3, 2025, and involved common stock and restricted share units.
• Simmons acquired 315, 243, and 139 shares of common stock through the vesting of restricted share units.
• He also acquired 21.47 shares in lieu of a cash dividend.
• 251 shares were disposed of to cover tax liability at a price of $42.78.
• Simmons was granted 2,839 restricted share units as part of the company's annual equity grant, vesting over three years.
• The filing also includes a Limited Power of Attorney, effective December 12, 2024, appointing Melissa Trippel, Michael Hoelter, and Steven McGrew as attorneys-in-fact for SEC filings and stock option exercises.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and regulatory compliance, indicating a neutral to slightly positive sentiment.

Positives

• The granting of restricted share units aligns executive compensation with company performance and shareholder value.

Negatives

• The disposal of shares to cover tax liability reduces the executive's direct ownership, although this is a common practice.

Future Outlook

NA

Industry Context

Executive compensation through equity grants is a common practice in publicly traded companies to align management interests with shareholder value. Form 4 filings are a standard part of regulatory compliance for insiders.

Comparison to Industry Standards

• Equity grants and restricted share units are common compensation tools used by companies similar to Andersons, Inc. to incentivize executives.
• Companies like Bunge, Archer Daniels Midland (ADM), and Cargill also utilize similar compensation structures.
• The vesting schedules and terms of these grants are generally comparable across the industry, with three-year vesting periods being typical.

Stakeholder Impact

• The equity-based compensation structure aims to align executive interests with shareholder value, potentially benefiting shareholders.
• Employees may be indirectly impacted by the executive's performance and decisions, which are incentivized by the equity grants.

Key Dates