Douglas Gary A. 4

What Happened Gary A. Douglas, a director of Andersons, Inc. (ANDE), was reported as the recipient of two grants of restricted share units (RSUs) on January 27, 2026. The filing shows acquisitions of 10.638 RSUs and 7.795 RSUs (total 18.433 RSUs) at an acquisition price of $0.00 (derivative securities). These were awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-01-27; Filing date: 2026-01-29 (timely Form 4 filing).
• Awards: 10.638 RSUs and 7.795 RSUs; reported acquisition price $0.00; total reported new RSUs = 18.433.
• Security type: Restricted share units (derivative securities) — each RSU represents the right to receive one share upon vesting (footnote F1).
• Shares owned after the transaction: not specified in the provided data.
• Notable footnotes from the filing:
  • F1: Each restricted share unit equals the right to receive one common share upon vesting.
  • F2: Some RSUs were part of the May 5, 2023 annual equity grant (vest one year from grant date).
  • F3: A dividend equivalent was received (additional RSU credit).
  • F4: Some RSUs were part of the May 9, 2024 annual equity grant (vest one year from grant date).

Context RSUs are compensation awards that convert into shares (or cash) when they vest; they are non-cash grants and do not indicate an open-market buy or sell. The filing notes these RSUs relate to prior annual grants and includes a dividend-equivalent credit, per the footnotes. This is a routine equity award by the company and was reported in a timely Form 4.