Sarah Zibbel, EVP and Chief HR Officer of The Andersons, Inc. (NASDAQ:ANDE), filed a Form 4 on November 12, 2026, reporting multiple transactions in common stock and restricted share units dated November 9, 2026.

Key Highlights

  • Three RSU tranches vested: Zibbel converted 602 RSUs (2027 grant), 1,514 RSUs (2028 grant), and 1,865 RSUs (2029 grant) into common stock on November 9, 2026, all at a conversion price of $0.
  • Tax withholding: 1,210 shares were withheld to cover tax liability at $64.29 per share, according to the filing.
  • Dividend shares added: 70.154 shares were acquired in lieu of a cash dividend at $0 cost.
  • Resulting ownership: Following all reported transactions, Zibbel directly held 8,311.578 shares of common stock.
  • All derivative units exhausted: Each of the three RSU series (2027, 2028, and 2029) shows 0 derivative securities remaining after the November 9 vesting events.
  • Grant origins: The three RSU grants were made on March 1, 2024, March 3, 2025, and March 2, 2026, each as part of the issuer's annual equity grant with a graded vesting schedule over three years from date of grant.

RSU Vesting and Share Activity for Andersons' Chief HR Officer

According to the filing, Sarah Zibbel, serving as EVP and Chief HR Officer of The Andersons, Inc. (NASDAQ:ANDE), reported a series of transactions on November 9, 2026 involving the vesting of restricted share units from three separate annual equity grant cycles. Each restricted share unit, as described in the filing, "represents the right to receive, upon vesting, one share of the Issuer's common stock." The three vesting events converted a combined 3,981 RSUs into common stock at a conversion price of $0.

The filing reports that 1,210 shares were disposed of under transaction code F, described as "shares withheld to cover tax liability," at a price of $64.29 per share. Separately, 70.154 shares were acquired at $0 under transaction code A, identified in the filing as "shares in lieu of cash dividend." These transactions brought Zibbel's direct beneficial ownership to 8,311.578 shares following all reported activity.

The RSUs originated from three annual equity grants: 602 units granted March 1, 2024; 1,514 units granted March 3, 2025; and 1,865 units granted March 2, 2026. The filing states each grant carries "a graded vesting schedule over the three-year period from date of grant." The Form 4 was signed by Melissa Trippel under a Limited Power of Attorney on behalf of Sarah J. Zibbel and filed on November 12, 2026.

What Was Disclosed

The filing reports the vesting of 3,981 restricted share units across three grant years, the withholding of 1,210 shares for taxes at $64.29, the addition of 70.154 dividend shares, and a resulting direct holding of 8,311.578 shares of Andersons common stock.