Simmons Mark D 4

What Happened

• Mark D. Simmons, Executive VP, Renewables at Andersons, reported performance-share unit (PSU) vesting and conversion on Feb 11, 2026. The filing shows conversion/award entries totaling 1,033.99 shares (730 + 270 + 33.99) acquired at $0.00. To cover tax obligations, 359 shares were withheld/disposed at $69.11 per share for a reported value of $24,810. The filing also shows 460 shares were returned/disposed to the issuer (reported as a disposition/cancellation).

Key Details

• Transaction date: February 11, 2026. Filing date: February 13, 2026 (timely within the usual 2-business-day window).
• Acquisitions: 730 shares (conversion of derivative); 270 shares (conversion of derivative); 33.99 shares (award/dividend equivalent) — all reported $0.00 acquisition price.
• Dispositions: 359 shares withheld to cover taxes at $69.11/share (total ~$24,810); 460 shares disposed to issuer (reported as cancellation/disposition of derivative).
• Shares owned after the transactions: not specified in the summary data provided.
• Relevant footnotes: dividend equivalent received (F1); shares withheld for tax liability (F2); PSUs represent rights to common stock after a 3-year performance period and vested/converted as of Feb 11, 2026 (F3–F5); excess PSU shares were cancelled (F6).

Context

• These were PSU vesting/conversion transactions (derivative conversions), not open-market purchases or sales. The withholding of 359 shares to satisfy tax obligations is a routine settlement step following vesting (a form of cashless tax withholding). The 460-share disposition to the issuer appears tied to excess PSU cancellation per the filing footnotes, not an independent market sale.
• Facts only: this report documents compensation-related equity vesting and routine tax withholding/cancellations and does not by itself indicate insider sentiment about the stock.