ANDERSON GERARD M 4

What Happened
Gerard M. Anderson, a director of Andersons, Inc. (ANDE), reported multiple acquisitions on May 7, 2026. He (1) exercised or converted derivative instruments resulting in 3,376 shares (listed at $0.00 per share), and (2) received awards/stock-based grants that total 1,785.089 shares (39.089 shares shown as acquired and 1,746 restricted share units granted). The filing also shows a corresponding derivative disposition entry for 3,376 units (reflecting the conversion/settlement of those derivative instruments). All transactions are reported as acquisitions/awards rather than open-market purchases or sales.

Key Details

• Transaction date: May 7, 2026 (report filed May 8, 2026).
• Derivative exercise/conversion: 3,376 shares acquired; reported price $0.00; a matching derivative disposition of 3,376 units is listed (N/A value).
• Awards/RSUs: 39.089 shares (acquired, $0.00) and 1,746 restricted share units granted (N/A price). Total awarded/received = 1,785.089 shares.
• Footnotes of note:
  • F1: 39.089 shares were shares in lieu of a cash dividend.
  • F2: Each restricted share unit (RSU) converts to one common share upon vesting.
  • F3: Some RSUs were granted May 8, 2025 and vest one year from grant.
  • F4: RSUs were also granted May 7, 2026 as part of the annual equity grant and vest one year from grant.
• Shares owned after the transactions: not specified in the excerpted transaction list.
• Timeliness: Filing date (2026-05-08) follows the transaction date (2026-05-07); no late-filing flag indicated.

Context
These entries reflect corporate equity compensation and conversion/settlement of derivative awards rather than an open-market purchase or sale. The $0.00 per-share amounts on some lines and the matching derivative disposition typically indicate conversion/settlement mechanics (e.g., exercise/vesting) rather than a market-priced purchase; RSUs granted on May 7, 2026 vest one year from grant per the footnotes. These types of transactions are routine for directors and reflect compensation and award settlement rather than direct market sentiment.