Form 4: Director Pamela Hershberger Receives Equity Grant
Statement of Changes in Beneficial Ownership
Director Pamela S. Hershberger of The Andersons, Inc. was granted restricted share units as part of the company's annual equity compensation program.
Summary
- Director Pamela S. Hershberger received an annual equity grant of 1,746 restricted share units (RSUs) on May 7, 2026.
- The director also received 39.089 additional RSUs related to dividend equivalents.
- All granted RSUs vest one year from the date of grant.
- The total beneficial ownership of common stock following these transactions is 14,275.402 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standard annual equity grant process indicates consistent corporate governance practices.
Negatives
- None identified.
Risks
- Market volatility affecting the future value of vested equity.
- General risks associated with the agricultural and industrial sectors in which The Andersons, Inc. operates.
Future Outlook
The RSUs granted are subject to a one-year vesting period, aligning the director's long-term incentives with the company's performance.
Industry Context
StockSavvy.ai notes that annual equity grants for board members are standard industry practice to ensure alignment between leadership and shareholder interests, particularly in the diversified agricultural sector.
Comparison to Industry Standards
- The equity grant structure is consistent with standard corporate governance practices for publicly traded companies of similar market capitalization.
- Vesting schedules of one year are typical for non-employee director compensation in the U.S. industrial sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Authorization of Melissa Trippel, Michael Hoelter, and Steven McGrew to file SEC forms on behalf of the director. | 08/16/2023 | Standard administrative procedure to facilitate timely regulatory filings. |
Stakeholder Impact
- Minimal impact on shareholders as this is a standard compensation disclosure.
Next Steps
- Vesting of the 1,746 restricted share units on May 7, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Grant date of 2024 restricted share units. |
| 08/16/2023 | Execution date of Limited Power of Attorney. |
| 05/09/2024 | Grant date of 2025 restricted share units. |
| 05/08/2025 | Grant date of 2026 restricted share units. |
| 05/07/2026 | Transaction date for current RSU grants and dividend equivalents. |
| 09/07/2026 | Expiration of Notary Public commission for Power of Attorney. |
Keywords
The Andersons, ANDE, Form 4, Director Compensation, Equity Grant, Insider Ownership
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