# EDGAR Filing Document

**Accession Number:** 0000821026
**File Stem:** 0000821026-23-000092
**Filing Date:** 2023-3
**Character Count:** 10308
**Document Hash:** 69baa8807fd70ed962141b9489e3d93a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000821026-23-000092.hdr.sgml**: 20230307

**ACCESSION NUMBER**: 0000821026-23-000092

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221021

**FILED AS OF DATE**: 20230307

**DATE AS OF CHANGE**: 20230307

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Krueger William E.
- **CENTRAL INDEX KEY:** 0001762399

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-20557
- **FILM NUMBER:** 23712101

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 119
- **CITY:** MAUMEE
- **STATE:** OH
- **ZIP:** 43537
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Andersons, Inc.
- **CENTRAL INDEX KEY:** 0000821026
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-FARM PRODUCT RAW MATERIALS [5150]
- **IRS NUMBER:** 341562374
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1947 BRIARFIELD BOULEVARD
- **CITY:** MAUMEE
- **STATE:** OH
- **ZIP:** 43537
- **BUSINESS PHONE:** (419)893-5050

**MAIL ADDRESS:**
- **STREET 1:** 1947 BRIARFIELD BOULEVARD
- **CITY:** MAUMEE
- **STATE:** OH
- **ZIP:** 43537

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ANDERSONS INC
- **DATE OF NAME CHANGE:** 19960117

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ANDERSONS MANAGEMENT CORP
- **DATE OF NAME CHANGE:** 19931119

## Ex-24

```
<pre>
LIMITED POWER OF ATTORNEY

    KNOW ALL MEN BY THESE PRESENTS, that I, William E. Krueger the undersigned, of
4312 W. 87th Street, City of Prairie Village, County of Johnson, State of
Kansas, hereby make, constitute and appoint each of Melissa Trippel, Anne Rex,
and Catherine White, each of The Andersons, Inc., 1947 Briarfield Boulevard,
Maumee, Ohio 43537, my true and lawful limited attorney-in-fact for me and in my
name, place and stead, giving severally unto said Melissa Trippel, Anne Rex, and
Catherine White full power individually to (i) execute and to file with the
Securities and Exchange Commission ("SEC") as my limited attorney-in-fact, any
and all SEC Forms 3, 4, 5 or 144 required to be filed under the Securities Act
of 1933 or the Securities Exchange Act of 1934, each as amended, and (ii)
execute and deliver any and all exercise orders, certificates, commitments and
other agreements necessary or appropriate in connection with any exercise of my
stock options for shares in The Andersons, Inc., do any and all other acts to
effectuate the foregoing, and execute and submit all SEC filings necessary or
appropriate in connection therewith, in connection with my beneficial ownership
of equity securities of The Andersons, Inc., or options for such equity
securities.

    The undersigned hereby grants to such attorney-in-fact full power and authority
to do and perform any and every act and thing whatsoever requisite, necessary,
or proper to be done in the exercise of any of the rights and powers herein
granted, as fully to all intents and purposes as the undersigned might or could
do if personally present, with full power of substitution or revocation, hereby
ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted.

    This Power of Attorney shall at all times be binding with respect to all
actions taken by the attorney-in-fact in accordance with the terms of the Power
of Attorney. The Power of Attorney shall begin on the date of execution noted
below and shall lapse and cease to have any effect on the date of the
undersigned's termination of employment or separation from service as member of
the Board, or upon any earlier written revocation of the Power of Attorney by
the undersigned.
    IN WITNESS WHEREOF, the undersigned has executed this Limited Power of Attorney
as of this 18th day of December, 2018.

                    ____________________________
                        William E. Krueger

State of Ohio)
                ) ss
County of Lucas)

    On this 18th day of December, 2018 before me a notary public in and for said
state, personally appeared William E. Krueger, to me personally known, who being
duly sworn, acknowledged that he/she had executed the foregoing instrument for
purposes therein mentioned and set forth.

                    ___________Ashley P. Brooks___________
                        Notary Public
My Commission Expires:
______10-23-2021_______
</pre>
```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Krueger William E.<br><sub>(Last) (First) (Middle)</sub><br>P.O. BOX 119<br><sub>(Street)</sub><br>MAUMEE, OH 43537<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-10-21 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Operating Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Andersons, Inc. [ ANDE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2022-10-21 |  | G |  | 8520 | D | $0 | 515539 | I | William E. Krueger Beneficiary Trust |
| Common Stock |  |  |  |  |  |  |  | 29140.58 | D |  |
| PERFORMANCE SHARE UNIT (EPS) <sup>(2024)</sup> |  |  |  |  |  |  |  | 8616<sup>(1)</sup> | D |  |
| PERFORMANCE SHARE UNIT (EPS) <sup>(2025)</sup> |  |  |  |  |  |  |  | 7138<sup>(1)</sup> | D |  |
| PERFORMANCE SHARE UNIT (EPS) <sup>(2026)</sup> |  |  |  |  |  |  |  | 27698<sup>(1)</sup> | D |  |
| PERFORMANCE SHARE UNIT (TSR) <sup>(2024)</sup> |  |  |  |  |  |  |  | 8616<sup>(2)</sup> | D |  |
| PERFORMANCE SHARE UNIT (TSR) <sup>(2025)</sup> |  |  |  |  |  |  |  | 7138<sup>(2)</sup> | D |  |
| PERFORMANCE SHARE UNIT (TSR) <sup>(2026)</sup> |  |  |  |  |  |  |  | 27698<sup>(2)</sup> | D |  |
| RESTRICTED SHARE UNIT <sup>(2025)</sup> |  |  |  |  |  |  |  | 4757<sup>(3)</sup> | D |  |
| RESTRICTED SHARE UNIT <sup>(2026)</sup> |  |  |  |  |  |  |  | 18465<sup>(3)</sup> | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Stock performance unit granted pursuant to The Andersons, Inc. Plan. Units vest 100% in 3 years contingent on cumulative EPS. Number of underlying shares are determined by the three-year cumulative fully diluted EPS for the performance period.

(2) Stock performance unit (TSR) granted pursuant to The Andersons, Inc. Plan. Units vest 100% in 3 years contingent on the Company's annualized total shareholder return. Number of underlying shares are based upon the level of satisfaction of the total shareholder return for the performance period.

(3) Restricted share units have a graded vesting schedule over the three-year period from date of grant.

**Signature:** William E. Krueger, by Melissa Trippel, Limited Power of Attorney  
**Date:** 2023-03-07

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**