KING ROBERT J JR 4

What Happened

• Robert J. King Jr., a director of Andersons, Inc. (ANDE), converted/ exercised a derivative to acquire 3,376 common shares at an exercise/conversion price of $0.00 on May 7, 2026. The filing also shows a corresponding disposition of the derivative instrument (i.e., the derivative was settled/converted).
• On the same date he acquired 39.089 shares at $0.00 (shares issued in lieu of a cash dividend) and was granted 1,746 restricted share units (RSUs) as part of the company’s annual equity grant. The RSUs are reported with no price (N/A) because they are awards, not open-market purchases.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 8, 2026 (timely filing).
• Exercise/Conversion: 3,376 shares acquired at $0.00 (derivative converted/settled).
• Dividend shares: 39.089 shares issued in lieu of cash dividend.
• RSU grant: 1,746 RSUs granted on May 7, 2026 (vest one year from grant per footnote F4). Footnote F3 notes prior RSUs were granted May 8, 2025 and vest one year from that grant date; F2 explains each RSU equals the right to one share at vesting.
• Shares owned after the transaction are not specified in the provided filing excerpt.
• Transaction codes: M = option/derivative exercise or conversion; A = award/grant.

Context

• The $0.00 exercise price and the simultaneous derivative disposition indicate the derivative instrument was converted/settled into common stock rather than a cash purchase or open-market buy; no sale of the acquired shares is reported here.
• The RSU grant is a standard compensation award and vests one year from grant (per the filing). Shares issued in lieu of dividends are routine and reflect dividend reinvestment, not a market purchase.
• These items are acquisitions/awards, not insider sales; such acquisitions can be informative but do not by themselves indicate the insider’s view of the company’s near-term stock prospects.