Form 4: Director Steven K. Campbell Executes Equity Transactions
Statement of Changes in Beneficial Ownership
Director Steven K. Campbell of The Andersons, Inc. reported the vesting of restricted share units and the acquisition of dividend-equivalent shares.
Summary
- Director Steven K. Campbell acquired 3,376 shares of common stock through the vesting of restricted share units (RSUs) on May 7, 2026.
- The director also acquired 39.089 shares of common stock in lieu of cash dividends.
- Following these transactions, the director's total beneficial ownership increased to 10,326.579 shares of common stock.
- A new grant of 1,746 restricted share units was issued to the director, vesting one year from the grant date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine regulatory disclosure regarding director equity holdings with no impact on company operations or financial strategy.
Positives
- Increased equity alignment between the director and the company through the acquisition of additional shares.
- Standardized annual equity compensation process for board members.
Negatives
- None identified; this is a routine disclosure of director equity compensation.
Risks
- None identified; this is a standard regulatory filing regarding director ownership.
Future Outlook
The director received a new grant of 1,746 restricted share units which are scheduled to vest one year from the grant date of May 7, 2026.
Industry Context
StockSavvy.ai notes that this filing represents standard corporate governance and director compensation practices within the agricultural and industrial sectors, reflecting typical equity-based incentive structures for board members.
Comparison to Industry Standards
- The use of restricted share units (RSUs) as a component of director compensation is consistent with standard practices for publicly traded companies in the U.S.
- The acquisition of shares in lieu of cash dividends is a common mechanism for directors to increase their equity stake in the company.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Authorization of Melissa Trippel, Michael Hoelter, and Steven McGrew to execute SEC filings on behalf of Steven K. Campbell. | 08/16/2023 | Administrative efficiency for regulatory compliance. |
Stakeholder Impact
- Provides transparency to shareholders regarding director equity ownership and compensation.
Next Steps
- Vesting of the 1,746 restricted share units granted on May 7, 2026, expected in May 2027.
Key Dates
| Date | Description |
|---|---|
| 08/16/2023 | Date of execution for the Limited Power of Attorney. |
| 05/07/2026 | Date of the reported transactions and new RSU grant. |
| 05/08/2026 | Date of filing signature. |
| 09/07/2026 | Expiration date of the Notary Public commission for the Power of Attorney. |
Keywords
The Andersons, ANDE, Form 4, Director, Insider Trading, Equity Compensation, Restricted Share Units
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