SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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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*
Douglas Gary A.

(Last) (First) (Middle)
1947 BRIARFIELD BLVD

(Street)
MAUMEE OH 43537

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Andersons, Inc. [ ANDE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/18/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/18/2023 J(1) 30.539 A $52.36 8,673.854 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Reinvestment of dividend.
Remarks:
Gary A. Douglas, by Melissa Trippel, Limited Power of Attorney 10/31/2023
** Signature of Reporting Person Date
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.


LIMITED POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that I, Gary A. Douglas the undersigned, of 3912 Charter Oak Way, City of Columbus,
County of Franklin, State of Ohio, 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 30th day of April, 2021.
____________________________
Gary A. Douglas



State of Ohio)
) ss
County of Lucas)
On this 30th day of April, 2021 before me a notary public in and for said state, personally appeared Gary A. Douglas, to
me personally known, who being duly sworn, acknowledged that he had executed the foregoing instrument for purposes therein
mentioned and set forth.
___________Pariss M. Coleman___________
My Commission Expires:
_______Never_______



LIMITED POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that I, Gary A. Douglas the undersigned, of 3912 Charter Oak Way, City of Columbus,
County of Franklin, State of Ohio, 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 30th day of April, 2021.
____________________________
Gary A. Douglas



State of Ohio)
) ss
County of Lucas)
On this 30th day of April, 2021 before me a notary public in and for said state, personally appeared Gary A. Douglas, to
me personally known, who being duly sworn, acknowledged that he had executed the foregoing instrument for purposes therein
mentioned and set forth.
___________Pariss M. Coleman___________
My Commission Expires:
_______Never_______


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