Form 4: Andersons Inc. Executive VP Mark Simmons Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Mark Simmons, Executive VP of Renewables at Andersons Inc., reports transactions involving common stock and performance share units.
Summary
- On February 10, 2025, Mark Simmons, Executive VP of Renewables at Andersons Inc., reported changes in his beneficial ownership of the company's securities.
- These changes involve transactions related to common stock and performance share units (PSUs).
- Simmons acquired 193 shares of common stock and 420 shares of common stock through the vesting of PSUs.
- He also received 33.95 shares as a dividend equivalent.
- 225 shares were withheld to cover tax liability at a price of $40.74.
- Following these transactions, Simmons beneficially owns 20,369.95 shares of Andersons Inc. common stock.
- He also disposed of 227 Performance Share Units (TSR) due to vesting for fewer than allocated shares and cancellation of excess shares.
- He also disposed of 193 Performance Share Units (TSR) and 420 Performance Share Units (EPS) due to vesting.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders in publicly traded companies like Andersons Inc.
- Similar filings are made by executives at companies like Archer Daniels Midland (ADM) and Bunge Limited (BGEO) when they trade their company's stock.
- The level of detail provided in this Form 4 is consistent with SEC requirements and industry norms for transparency.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It has a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | Date of execution for 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 for the report by Melissa Trippel under Limited Power of Attorney. |
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