X0306 4 2019-02-20 0 0000821026 Andersons, Inc. ANDE 0001657533 Bowe Patrick E. 1947 BRIARFIELD BLVD. MAUMEE OH 43537 1 1 0 0 President & CEO COMMON STOCK 2019-02-20 4 J 0 1736 35.24 A 102369.27 D COMMON STOCK 2019-02-21 4 F 0 779 35.24 D 101590.27 D PERFORMANCE SHARE UNIT (TSR) (2019) 2019-02-20 4 J 0 35677 0.00 D 1623 D PERFORMANCE SHARE UNIT (TSR) (2019) 2019-02-20 4 J 0 113 0.00 A 1736 D PERFORMANCE SHARE UNIT (TSR) (2019) 2019-02-20 4 J 0 1736 0.00 D 0 D PERFORMANCE SHARE UNIT (TSR) (2020) 25900 D PERFORMANCE SHARE UNIT (TSR) (2021) 29816 D PERFORMANCE SHARE UNIT (EPS) (2019) 37300 D PERFORMANCE SHARE UNIT (EPS) (2020) 25900 D PERFORMANCE SHARE UNIT (EPS) (2021) 29816 D Shares received from vesting of PSU (Performance Share Unit). Agreement allows 75 days from performance end date to issue shares. PSU Vesting for fewer than originally allocated shares. Excess shares are being cancelled. Dividend equivalent received. PSU Vested. 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. 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. Patrick E. Bowe by Melissa Trippel, Limited Power of Attorney 2019-02-21