Bowe Patrick E. 4

What Happened
Patrick E. Bowe, a director of Andersons, Inc. (ANDE), sold 15,000 shares in an open-market transaction on March 16, 2026. The shares were disposed at $70.41 each, for a total transaction value of $1,056,150. This was a sale (not a purchase), which is often routine insider selling rather than a direct bullish signal.

Key Details

• Transaction date: 2026-03-16 (reported on Form 4 filed 2026-03-17)
• Price per share: $70.41
• Shares sold: 15,000 — total proceeds ≈ $1,056,150
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnotes / plan: no 10b5-1 plan, tax withholding, or other special footnotes disclosed in the excerpt
• Timeliness: filing appears timely (transaction reported the next day)

Context

• Code S = Sale (open-market sale). Sales by non-management directors are commonly for diversification or personal liquidity; they do not necessarily indicate a change in view about the company.
• For retail investors, purchases typically carry clearer signals than routine sales. This single open-market sale should be weighed with other insider activity and company fundamentals.